Nathan Russell’s Post

Are you a #NewYork retail #cannabis licensee or provisional licensee figuring out how to cover the cost of your real estate, build out, inventory, and top notch advisory? Platform Cannabis Advisors has the solution. Visit platformcanna.com to learn more about how we help bring businesses to market efficiently, profitably, sustainably; see past projects; and to get in touch.

Mastering the Art of Cannabis Business Financing: A Psychological Approach to Attracting Investors In the green rush of the cannabis industry, securing financing and investors is the #cornerstone of success for both #newcomers and #established players. But how do you stand out in a crowded field and compel #investors to choose your venture? Let's dive into the psychology behind #captivating investors, both #online and offline, ensuring your cannabis business #thrives. 1. Craft Your Narrative: #Storytelling is #powerful. Share your #journey, your #passion, and your #vision for the #future of cannabis. Investors are drawn to #authenticity and #purpose, so weave a #narrative that #resonates on a #human level. 2. Establish Trust: #Transparency is key. Provide clear, honest #information about your business model, #financialprojections, and #regulatorycompliance. Building #trust with investors lays the #foundation for long-term #partnerships. 3. #Leverage Social Proof: Highlight #endorsements, #testimonials, and #partnerships to #demonstrate #credibility. Investors are more likely to trust a business that is endorsed by others they #respect and #admire. 4. Showcase Successes: Highlight your #achievements and #milestones to #showcase #momentum and potential. #Investors want to back winners, so #celebrate your #victories and share your #roadmap for #future growth. 5. Cultivate FOMO: Create a #sense of urgency and exclusivity around your #investmentopportunity. Limited-time offers, early-bird #incentives, and #exclusive #perks can #ignite investors' fear of missing out (#FOMO) and drive action. By strategically applying these #psychological principles, #cannabis businesses can #attract financing and investors in a #competitive landscape. Remember, it's not just about the numbers; it's about #connecting on an #emotional level and inspiring #confidence in your #vision. Let's #cultivate #success together in the thriving #cannabisindustry. #CannabisBusiness #InvestmentPsychology #GreenRushFinance #StorytellingStrategy #TrustBuilding #SocialProof #SuccessShowcase #FOMOStrategy #CannabisInvestment #Entrepreneurship

Introducing Forbes' third-annual Cannabis 42.0 list. Forbes interviewed dozens of investors, entrepreneurs, executives, analysts and business owners, studying sales data and financial documents to identify the 42 leaders who are paving the way towards what is becoming one of the country’s most important economic and social revolutions—transforming cannabis from a criminal enterprise into a legitimate one. Here are the pot pioneers blazing a path forward: https://lnkd.in/gBVbZa8k

🚨 Attention Cannabis business owners! 🌿 Your Cannabis company may be generating boatloads of cash, but is it profitable? Unfortunately, Cannabis companies are already shuddering due to the tax burden of 280E, rising operational costs, and competition increasing. If you are an owner or an operator of a Cannabis business or startup, these are the questions that we must be able to answer as quickly as possible: 1) Is the business profitable? 2) When will it be profitable? You need realistic projections and financial models to adequately plan for the future, gain the confidence of investors, and be prepared for the inevitable shifts in the industry that will come with the rescheduling of Cannabis. Your accountant is more than a number cruncher; they’re a strategic partner that helps you navigate a complex and changing landscape. Don't go it alone. Invest in expertise that can help keep your business thriving. 💰 Experience the significant value add of DOPE CFO’s Certified Advisors for your business by contacting us today at https://bit.ly/3yrH085 #FinancialExpertise #CannabisBusiness #ValueGrowth #CannabisCommunity #InvestInSuccess #DOPE #Certifiedadvisors #Financialgrowth #Financialhealth

🚨 Attention Cannabis business owners! 🌿 Your Cannabis company may be generating boatloads of cash, but is it profitable? Unfortunately, Cannabis companies are already shuddering due to the tax burden of 280E, rising operational costs, and competition increasing. If you are an owner or an operator of a Cannabis business or startup, these are the questions that we must be able to answer as quickly as possible: 1) Is the business profitable? 2) When will it be profitable? You need realistic projections and financial models to adequately plan for the future, gain the confidence of investors, and be prepared for the inevitable shifts in the industry that will come with the rescheduling of Cannabis. Your accountant is more than a number cruncher; they’re a strategic partner that helps you navigate a complex and changing landscape. Don't go it alone. Invest in expertise that can help keep your business thriving. 💰 Experience the significant value add of DOPE CFO’s Certified Advisors for your business by contacting us today at https://bit.ly/3SO3DKR #FinancialExpertise #CannabisBusiness #ValueGrowth #CannabisCommunity #InvestInSuccess #DOPE #Certifiedadvisors #Financialgrowth #Financialhealth

🚨 Attention Cannabis business owners! 🌿 Your Cannabis company may be generating boatloads of cash, but is it profitable? Unfortunately, Cannabis companies are already shuddering due to the tax burden of 280E, rising operational costs, competition increasing. If you are an owner or an operator of a Cannabis business or startup, these are the questions that we must be able to answer as quickly as possible: 1) Is the business profitable? 2) When will it be profitable? You need realistic projections and financial models to adequately plan for the future, gain the confidence of investors, and be prepared for the inevitable shifts in the industry that will come with the rescheduling of Cannabis. Your accountant is more than a number cruncher; they’re a strategic partner that helps you navigate a complex and changing landscape. Don't go it alone. Invest in expertise that can help keep your business thriving. 💰 Experience the significant value add of DOPE CFO’s Certified Advisors for your business by contacting us today at https://bit.ly/4dH455g #FinancialExpertise #CannabisBusiness #ValueGrowth #CannabisCommunity #InvestInSuccess #DOPE #Certifiedadvisors #Financialgrowth #Financialhealth

Why Starting at the Ground Floor in the Cannabis Industry is Key | High Chris When a state first legalizes cannabis, it creates a rare opportunity for entrepreneurs to get in on the ground floor and establish themselves early. In this video, I talk about the importance of being one of the first to build your brand in a newly legalized state and the competitive advantage that comes with it. From laying a solid foundation to gaining respect and visibility, timing is everything. The lessons you learn and the connections you make by navigating this new landscape are priceless. If you're thinking about entering the cannabis industry, this is the video you don't want to miss!

Quantum 9 has been recognized as one of the TOP CANNABIS CONSULTING SERVICES PROVIDERS Providers by Cannabis Business Insights. Quantum 9 is a Chicago-based, cannabis consulting firm helping entrepreneurs win licenses and start cannabis businesses. "We act as the quarterback for the entire submission process. We coordinate efforts between our and the client's teams, working together to achieve success—much like scoring a touchdown", says Michael Mayes and CEO The article will also be featured in the forthcoming special print edition on Cannabis Consulting 2024. Read More: https://lnkd.in/gh3WfdZU #Quantum9Journey #CannabisLicensingInsights #NavigatingCannabisComplexity #Quantum9CannabisExpertise #CannabisLicenseMaze

New Mexico Cannabis Control Division cited multiple violations of two cannabis license holders and revoked their licenses.   I tell my clients and anyone new to the cannabis market - 'Whether you starting out or a year to two into your cannabis business venture – make sure you have good recordkeeping processes, inventory management and accounting.'   Among the violations, product sold ‘without proper documentation’ and evidence of “improper use of recordkeeping’ were cited.   Recordkeeping, inventory management, and correct accounting are paramount! Read short article here: https://lnkd.in/gzeMnmy2 #cannabisindustry #cannabisbusiness #entrepreneurship #cannabisretail #cannabisnews #cannabisevents #cannabismarket

Hearing of more cannabis companies closing up. Specifically heard of one in California and another in NJ. Which continues to lead me to conclude that whether you operate in a more mature market like CA or a new market like NJ the challenges, specifically the taxes and regulations, in the industry make success extremely difficult as if entrepreneurship wasn't hard enough. Meanwhile the Tier 1 companies, i.e the biggest operators, their stocks are stuck despite their continued progress, improving fundamentals and share buybacks. Which means investors are still highly skeptical about the industry. The lesson, don't underestimate the risk of an industry or business that's so closely tied to politicians and emerging policy, high regulations and taxes. The industry is upside down. #FreeThePlant