Power Connections’ Post

Employee turnover is high especially in the cannabis space. Sometimes it’s learning different strategies to implement so that you can retain top talent. If you haven’t yet, register below to learn how to do just that on Sept 5th. Link below. 👇 🎧

Work has been CRAZY (some good, some not so much), so a bit behind on posting here... 🍹 Woodstock bevvies still on-track to launch sometime next month 🤞 . Of course, nothing ever goes as planned - had an issue with one of our pilot batches last wk - so troubleshooting now. The good news? The other 3 were 🔥 🔥 🔥 🔥 🔥 🔥 ... lots of work to get everything else set-up on time... 🌱 cannabis biz is trucking along. Spent part of last wk in CA - where everyone is struggling in the market... we actually have a good month shaping up... hopefully we can continue momentum in Q4. NY is rocking & rolling for us though - expect us to grow 15% MoM and it feels like there's still a LOT of upside for NY on several vectors (doors, keeping inv in-stock, new prods, more in-store mktg support). 🗳️ haven't been posting about politics, but it's STILL a nailbiter. It's VERY frustrating to really live in an irrelevant state for electoral college purposes - crazy that 7 states continue to determine the presidency - but 🤷♂️ - hard to imagine there's any appetite to revert back to popular vote. In MA, psychedelics are on the ballot - honestly, think they'll be a fast follow to cannabis on legalization... 🕊️ 🎸 Lastly, doing more work on Woodstock branding - which I think looks pretty cool!

Finding a cannabis dispensary that feels welcoming and genuinely community-focused is tough. Too often, these spaces feel transactional—like you’re just another customer in line. Check out Ironwood, MI, if you want to see for yourself. It’s not just about the product; it’s about the experience. A place that respects your time, makes you feel at ease, and offers something more than a constant stream of BOGOs and a race to the bottom. Having visited dispensaries across the country, I have found that most miss the mark because they focus on profits over people. That’s why we’re building a space that’s more than just a dispensary—a hub for connection, relaxation, and community. From thoughtfully designed spaces to a team that genuinely values your experience, we’re redefining what a dispensary can be. As we get closer to opening, we’re excited to show you what’s coming. Follow along to see how we’re transforming a historic building into a space designed with you in mind. 😎

Cannabis is a big deal in Michigan—and there’s never a shortage of newsworthy headlines from the industry as the state inches closer to becoming the nation’s weed capital. Here are eight things you need to know this week: SOUTHERN SALES: With Ohioians recently voting to legalize recreational weed and retail sales expected to begin in the state as early as this summer, Michigan’s pot shops—especially those located along the southeastern border—are reportedly expected to see a decline in sales. BLAZED BIRDIES: A man from Michigan reportedly took 500 mg of cannabis-infused edibles, tried to play 18 rounds of golf, and then recorded the adventure for a one-hour YouTube video. AWAITING UNCLE SAM: Michigan dispensaries are reportedly eager to access commercial banking and standard business tax deductions, which could be made possible amid ongoing federal plans to downgrade cannabis from a Schedule I to a Schedule III controlled substance. IF YOU BUILD IT: The city of Mt. Pleasant is reportedly turning into a new mecca for pot shops, with 11 dispensaries having opened in the city in 2023—and more still in the works for 2024. Read about 4 other things by Kyle here: https://bit.ly/3xpzo5r 🚐 🚐 🚐 🚐 🚐 🚐 🚐 🚐 🚐 🚐  #recent #michigan #news #stories #growordie #jklogix #choosetheshield

DE's application round is here! While it isn't the largest market in cannabis, I can tell you from decades of family business that some of the commercial corridors are the best in the Mid-Atlantic. Reach out if you have any questions or need help with the application - it's a short turnaround! 😎

Such a great event! Really valuable insights on the technologies that will drive retail efficiencies in cannabis. I believe it's so important for us as brands to understand the challenges faced at the retail level. Last nights discussion, specifically in regards to supply chain management has me thinking how the brand + retailer relationship can become more effective, and what technologies will bridge the gaps! I think back to my retail days, and irresponsible purchasing habits that likely did a disservice to my customers, brand partners, AND finance teams. Being OOS frustrates your customers, shifting them to another product disrespects the brand that likely invested $$'s to earn that customer, and over compensating for that OOS challenges your finance team. The industry has come so far, but these are still some of our biggest challenges as a brand, with very little control of our shelf space and retailer stocking habits. I'm curious to see what the technological future holds, and also wonder how PAX can assist our retail partners NOW to provide data driven insights, and relieve any operational burdens in supply chain management. When we work together to minimize these bottlenecks ... the brand, retailer, and CUSTOMERS win. Thank you Dutchie!

As September winds down, it's time to reflect on your cannabis business goals 🎯 Have you secured the right property? Are you prepared for the next step to get licensed? If not, we’re here to assist. From real estate to compliance, Canna Zoned has you covered. Let’s make the most of this season together. #CannabisBusiness #RealEstatePlanning #CannaZoned #CannabisRealEstate

What exactly is goin' down at The Ohio Classic, you ask? This event is designed for: 📌 Cannabis business owners 📌 Industry Leaders 📌 Investors 📌 Law firms 📌 Testing Labs 📌 E-Commerce Platforms This is a chance for Ohio cannabiz to grow, make connections, and meet future partners. Close deals on the course, and have a little fun while doing it. Email info@theohioclassic.com if you'd like to know more! 📩

Chasing The Same Bone 🦴 Whether it is sales, profits or capital. As business owners we are all chasing the same bone. I grabbed this photo while inspecting the local #cannabis industry around Toronto. By that I mean eating Peameal Banon sandwiches at the St. Lawrence Market. The photo reminded me of the Capital situation in the cannabis industry. Most everyone wants to know how to secure the capital. Our clients are no different. And so we at DOPE CFO Certified Advisors are speaking with both debt and equity sources of capital regularly. Here is 3 common questions that always come up. 1. Who is the ownership team and what are their prior successes? 2. What are the revenues and profit margins of the company? 3. What are the Assets and Liabilities of the company? Here is some answers to the above 3 questions that have worked to raise capital for cannabis companies within the last 2 years. 1. Ensure either the license holders or at least someone in their cap table has had a successful exit in business or built a profitable business before. Must have this key person. 2. If pre revenue explain why your estimated revenue and GM have been stress tested. You will be profitable if the worst market scenario (low probability) happens. And will have great ROI for Average market scenario (high probability). Best market scenario (low probability) will have outsized returns. 3. If your company does not have any Assets then use the assets of the ownership group. A little skin in the game goes a long way with investor or lender confidence. And if you must go unsecured make sure your business can support the interest payments. What are others experiences with investor question? For this who raised capital successfully or unsuccessfully what was some of your experiences? Also if you are CPA or Financial professional curious about the cannabis industry please reach out. Kristi Vaneé Kem and Andrew Hunzicker, CPA Founder of DOPECFO are also available to chat. Montana Society of CPAs, Pennsylvania CPA Foundation, Pennsylvania Cannabis Coalition, The Georgia Society of CPAs New Jersey Society of CPAs, California Board of Accountancy, Michigan Cannabis Industry Association, Missouri Society of CPAs, MoCannTrade (Missouri Cannabis Trade Association)

This is being sold by way of court ordered receivership and is subject to court confirmation. All assets sold from the Receivership Estate are done so free and clear of all liens. This includes all City and State Taxes. Great opportunity to own 5 of California’s most successful cannabis brands: DimeBag, Fuzzies, Kingpen, Loudpack, and Smokiez. These powerhouse brands have achieved combined revenues of $34,498,428 from January to October 2024, with projections to surpass $41,398,113 by the end of the year. These trusted names are staples in over 900 retail stores across California, demonstrating unparalleled market penetration and customer loyalty. Each brand represents a legacy of quality, catering to a diverse consumer base while dominating their respective categories. Whether you’re seeking to expand your portfolio or enter the cannabis industry at scale, this is your chance to capitalize on an established revenue stream and a commanding market presence. Don’t miss the opportunity to own a share of California’s thriving cannabis market. Act now to explore the next steps.