Whether you have a grow facility, dispensary, or laboratory, each has its own specific HVAC needs. While most dispensaries can rely on existing comfort cooling equipment, labs and grow facilities require strictly-controlled temperature and humidity levels that exceed the capabilities of most standard HVAC systems. From design/build to preventive maintenance, learning what you don’t know about HVAC’s important role in cannabis cultivation and testing will save you time, money, and headaches.
Despite challenges, the New Jersey cannabis market offers massive opportunity for entrepreneurs and investors alike. With recent and proposed rule changes, and more municipalities opting-in, these are epic times for those looking to apply for licenses and scale new businesses. With over a decade of experience navigating the complex landscapes of the cannabis industry, Nic Easley will provide valuable insights for building a thriving and profitable cannabis business in the evolving Jersey market.
Challenges abound for budding industry
Cannabis operators continue to fight an uphill battle with an adverse regulatory environment, labor shortages, supply chain disruptions and the always present threat of property damage and product recalls looming large over the industry. With nearly all cannabis companies experiencing at least one product recall over their lifetime, the time is now to plan how to respond.
Technology helps retailers grow and scale. It puts dispensaries on the map and drives new business, enables budtenders to provide a smooth and memorable customer experience, and helps streamline operations to drive down costs. But with so many technologies and tools available, how do you know what you really need and how can you tell the good from the bad? Cova CEO Gary Cohen will walk you through some of the key platforms and tools that can help you to run your store and grow your business.
A Breakdown of the IRC 280E: The blunt truth about becoming audit ready: as new licensees and new plant-touching business owners you have a lot on your plate to get up and running and profitable. But, too often you’re not aware that in order to protect yourself and your business from audit, you must have an accounting process in order. This presentation delves deeply into the nuances of becoming 280E compliant by preparing your accounting system well in advance for audit.
Marketing cannabis can seem overwhelming if you don’t know what you are doing. This presentation will go over what works, what doesn’t work and what will be a total waste of money. Avoid the pitfalls and shiny objects that end up costing you more than what you see in return. Bring a notebook and ask questions.
Do you want to start your own delivery service? Here’s what you need to do, understand the state of the industry–all the components you need, research and stay compliant with state regulations, the importance of choosing the correct software, how to vet drivers, freight forwarding, supply-chain, chain of custody, logistics, last-mile cannabis delivery.
What is plant sap analysis? How is it different from dry tissue analysis? How and when do you collect samples for submission to a plant sap laboratory? How do you read a plant sap report and interpret the data? And most importantly how do you make management decisions from that data? All this will be addressed in a rapid fast passed presentation
Sales tax, excise tax, payroll tax, income tax… so many taxes! Not only do cannabis business owners need to be aware of the federal tax laws, but also the state requirements. State tax requirements are just as important (if not more) as federal taxes because one slip-up could cost you your license.
While this is an extremely important issue to help cannabis business owners to not only save money on their federal tax return but also ensure they are protected in the event of a federal tax audit, there are some more immediate priorities that your cannabis accountant should understand in order to ensure you are able to maintain your state issued license.
When your business is in the Cannabis industry, compliance with the regulations is the bottom line to keeping the doors open.
So why are there still so many facilities that are operating without SOP practices in place?
Today, we will take a closer look at the benefits of having a thorough SOP, what can happen when you don’t have an SOP in place and some solutions to get you started on your journey to full compliance today.
It’s important more than ever to ensure there is a strong foundation for compliance in place, as newly awarded licensed operators enter the adult-use cannabis market. Whether you have been awarded a license, or are an existing operator or thinking about entering the market, Compliance is one of the most important factors when it comes to running a successful business under the regulatory microscope.
Cannabis businesses are faced with higher compliance costs and higher taxes when compared to other types of businesses. Additionally, in a lot of states, the markets are saturated, and there is increased competition. Many times the owners are wearing so many hats— many of which they should not be doing because they don’t like it, is not productive, or are a good use of their time. There is a system to create a path to a more successful and profitable cannabis business. Attendees will learn how cash is more important than profit and how profit is more important than revenue. The five drivers of revenue, profit, and cash flow will be taught. Attendees will also learn about targets and forecasts and how they should let the right numbers drive their decisions. We will demonstrate how to keep a scoreboard about what to do every month to keep on track to achieve higher profits and increase cash flow. Lastly, the audience will learn how to create financial objectives and actionable plans to move the needles closer to their targeted numbers.
Odor is the industry’s biggest public-facing problem – and we are not winning. We will define the current challenge and look at the coming regulatory impact on odor control. A deep dive into why people complain about odor and why it’s complicated is next. Explore available odor control technologies and see what’s working and what’s not. Understand the science of odor elimination. Leave attendees with a clear understanding of challenges and solutions around cannabis odor.
Learn the fundamentals and the pitfalls to avoid in developing a premium exotic flower grow facility and operation. Learn about facility development starting with selecting the correct property, the type of facility to build, how to precisely control the environment, and setting up a perpetual rotation and cultivation program. We’ll cover the (1) Facility (2) Genetics (3) Cultivation. Learn the 3 fundamentals for success in the premium exotic flower niche, the 5 fundamentals to building a premium exotic flower facility, how to set up the facility for perpetual rotation for monthly harvest and how to set up the facility to properly interact with genetics and cultivation.
Take a deep dive into why stable genetics are so important and how you can implement tissue culture into any size cultivation canopy. This will educate & teach the grower how to achieve frosty & flavorful buds time after time! Learn about how to keep your crop bacteria & pest free from start to finish! Become aware of the greatest and most advanced tricks that can be implemented in home or commercial cultivation to achieve exotic premium buds. Understand what to look for when choosing the genetics that you will be cultivating under your BRAND. Once it’s out there, you can’t take it back! The cream always rises to the top!
For those knowledgeable in cannabis but not as strong in back office practices, this session is for you. Learn the simple processes that will keep you legally compliant and help your cannabis business run smoothly. Often overlooked, Payroll, HR and Timekeeping can drive your business to success or failure. Learn the essentials from a payroll professional. Teresa will discuss 1099 vs. W2, employee handbooks and job descriptions, HR/OSHA compliance and more.