PODCAST: Cannabis Business Valuation
By: ELI C. NEAL, CPA, ABV, CFF
Jonathan Bench is a leader of international business law and cannabis law. I joined him on Harris Bricken’s Global Law and Business Podcast to discuss:
How IRS 280E impacts cannabis business valuations, especially retail marijuana shops.
What factors are key in determining cannabis business value, whether you are using the income, market, or asset approach.
What do you do when your business partners do not keep good financial records and how to recreate financial statements from receipts and bank statements (if there are any).
How Eli developed clientele in his mid-20s when competing with larger accounting firms.
The best way for business owners to avoid a valuation fight (hint: the shotgun approach generally works best with one joint appraisal rather than competing appraisals)
Listening, and watching recommendations from:
Eli - Think about Universal Basic Income (UBI) as a possibility
Jonathan - An open letter to businesses about diversity, Utah Business, by Roy Banks
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If you’re ready to understand the value of your cannabis business, give 4 Corners a call at 425-800-4896 or schedule a video call right here. If we can, we’d love to help you.
We’ve helped people in Seattle, Bellevue, Portland, Washington, Oregon, California, and across the country.