Bract & Pistil

Profitability Challenges:

• High regulatory costs, including significant taxation unique to cannabis companies.
• Oversight and legal risks add to operational complexity and expenses.
• Applications, attorneys, licenses, consulting teams, product testing, traceability systems, and extensive security requirements are costly and more rigorous than for most other industries.
• Cannabis businesses face restrictions on tax write-offs and limited access to banking services due to federal illegality.

State-Specific Issues:

• In New Jersey and Connecticut, many issued licenses are inactive due to a lack of financing.
• Active businesses in these states benefit from limited competition and perform well.

Dynamic Legal and Compliance Needs:

• Constantly evolving regulations necessitate a strategic legal and compliance team to ensure ongoing adherence.

Marketing Considerations:

• It's crucial to allocate a substantial budget for marketing.
• Understanding the appropriate marketing budget is essential for effective outreach and brand positioning.

Strategic Planning:

• Developing clear strategies and goals is vital for business success.
• Aligning with clients who share your values is important for sustainable growth.

Debunked: The cannabis industry is a gold mine.

Bract and Pistil - a small, curated team of professionals, providing consulting services to the cannabis industry.

Their experience, ability to adapt to industry fluctuations, and proven project success are evident in their work. 

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