Kevin Huhn

How marijuana companies can keep staffs intact during market launch delays

In new cannabis markets where compliance, scarce supply or testing logjams can delay cultivation and retail operations, it’s critical to retain talent during slowdowns and shutdowns.

Delays that bogged down the launch of cannabis sales in Alaska, Hawaii and Pennsylvania don’t have to be detrimental to marijuana businesses, according to industry insiders

Read More

Before going public, marijuana companies should consider these five tips

A growing number of cannabis businesses are turning to public markets in the United States and Canada as they hustle to raise the capital needed to compete in the green rush.

“These companies are really starting to see the public markets as a viable option for them to raise capital, and clearly over the past two and three years, we’ve seen the pace and number of firms going public really accelerate,” said Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group, which manages trading platforms for more than 10,000 over-the-counter securities.

Read More

Sustainable cultivation practices can boost a marijuana company’s bottom line

OutCo, a cannabis cultivation, manufacturing and retail company in Southern California, marked a milestone May 7: It harvested its final crop grown under high-pressure sodium lights.

The company needed a couple of years to transition from the powerful but power-sucking HPS lights used by most commercial growers today to more expensive – but more efficient – LED lights.

Read More

Community outreach helping cannabis companies gain edge on rivals, attract customers

Marijuana businesses nationwide are finding they can reap generous rewards from giving back to their local communities.

Being a good corporate citizen can make it easier for marijuana businesses to work with regulators and local officials, stand out from competitors and attract new customers and high-quality employees, according to industry executives and experts on corporate giving.

Read More

Awaiting a marijuana business license? It’s possible to defray building rental costs

It can take months for a marijuana business to gain licensing approval from regulators.

The biggest problem facing a company in such a situation is it usually must have the location nailed down before filing an application.

But paying rent on space before having a license in hand can cost a lot of money, unless steps are taken early in the process to minimize costs.

Read More