NCIA strives to be an accurate, interesting and relevant source of information for the industry. With the strength of our nearly 2,000 members, we have the finger on the pulse of the industry providing you the latest news.
Learn more about cannabis and taxes: the future of compliance with Calvin Shannon from Bridge West CPAs and Nick Miller from Greenspoon Marder. Bridge West CPAs, where Calvin Shannon is principal, is one of the first accounting firms in the world to focus solely on the cannabis and hemp industries. Since 2009, the practice has expanded to more than 400 cannabis and hemp clients nationwide. Greenspoon Marder is a national full-service business law firm with over 200 attorneys and 26 locations across the United States. Nick Richards is a Partner in the Tax practice group at Greenspoon Marder LLP. He represents individuals and businesses in tax audits & trials, M&A, in managing tax debt, and he advises cannabis companies, owners, and investors regarding tax and regulatory compliance matters.We start by talking about the burden of taxes in our industry, 280E in the IRS Tax Code. Cannabis businesses are paying 70-80% effective tax rates because cannabis is a Schedule 1 substance. But both our guests recently co-authored a blog about some other interesting nuances in the tax code that they’re taking a closer look at right now. We hear what a business owner should do from here to find out if they can potentially benefit from new tax provisions.
Learn more about regenerative cannabis cultivation with Tina Gordon and Michelle Carter. Bethany hands the microphone over to Jacob Policzer for this conversation on a very special episode of NCIA’s Cannabis Industry Voice. Jacob is with The Cannabis Conservancy and Sun + Earth Certified and is on NCIA’s Cannabis Cultivation Committee.So what is regenerative agriculture? We’d say that it’s a holistic land management practice that goes beyond organic and focuses on building soil health by improving soil biodiversity and increasing soil organic matter. It also pertains to the human element of farming.Sun+Earth, in addition to cultivation practices, is a human empowerment component that focuses on workers’ rights as well as community engagement – cultivating community.Tina Gordon has been a traditional Cannabis farmer for over a decade at Moon MadeFarms in Southern Humboldt County. Prior to being an amazing cannabis grower, Tina resided in San Francisco and has worked as a producer, documentary filmmaker, and musician, with an emphasis on underground and alternative subcultures. In all of her creative projects, Tina has endeavored to empower the self-expression of those who are underrepresented or marginalized. She now brings that focus to the traditional Cannabis farming community, with a desire to dignify the efforts of the pioneers who built this historic movement.Michelle Carter hails from the other side of the country in Asheville, North Carolina, where she co-founded Living Web Farms and spent 8 years honing her organic and regenerative farming practices. Her focus is on bio-nutrient crop production, holistic management, microbial soil analysis, and biodynamic applications. Michelle is also a plant medicine certified instructor with the Appalachian School of Holistic Herbalism and a leader in the international pollinator resilience movement. Recently she has been researching hemp genetics in an effort to find more suitable strains for the Southeast and she is also the co-founder and board member of Circadian Craft Cannabis which will hopefully get a license in Illinois.
Learn more about shifts in cannabis stigma during COVID-19 with Autumn Shelton, Chief Financial Officer of Autumn Brands. Autumn is a partner as well as CFO of Autumn Brands, a 50% woman-owned cannabis business located in sunny coastal Carpinteria, Santa Barbara County, California. In her position as CFO, Autumn is a strategic decision-maker for the family farm, which started in Holland more than 100 years ago. Along with overseeing the company’s financials, she is in charge of legal compliance on the local and state levels. Autumn champions the health and wellness benefits of cannabis and is committed to cultivation free of pesticides and other harmful chemicals.We start by talking about current affairs, and how the COVID-19 pandemic has impacted the world. The silver lining is that cannabis was deemed essential in most states where it was legal during massive shutdowns. This implies that the public, and governments, see the value of cannabis. We talk about what shifts in the stigma have happened around cannabis since the COVID-19 pandemic began. Having gone through the process of launching a brand, and now Autumn is rockin’ and rollin’ and in business, we talk about the advice Autumn has for individuals who are starting this process, as well as any obstacles Autumn has come across that she can advise others on especially if you’re a woman business owner.
Learn more about advanced transpiration solutions with Adrian Giovenco from InSpire. Adrian is a passionate engineer with over a decade of experience designing, selling, and commissioning HVAC and process systems throughout North America. Recognizing that there is a knowledge gap around fully understanding plant transpiration rates and how they impact controlled environments, he founded InSpire to focus on Advanced Transpiration Solutions, which allow for precise environmental control throughout the growing cycle and into dry/cure and process manufacturing. Adrian currently serves on the NCIA Facilities Design Committee. We start by talking about healthy plants, how we grow, and nurture healthy plants that will make it to the dispensary and ultimately into the happy customer’s hand. This is part of a healthy supply chain, so we dive into the controls needed in that cultivation room to make sure no little pests, bugs, COVIDS, or any other unwanted things get on that plant. As a leader who’s seen a few projects come and go. Ranging from successes and failures and lots of money being spent on investments, Adrian talks about big picture advice on choosing your project teams and how to assess who is legit, as well as who is a right or wrong fit, and who is a snake oil salesman.