Things Have Changed – So How Do We Progress?
Progress is a nice word. But change is its motivator. And change has its enemies – Robert Kennedy
Whether we like it or not, a change has occurred – and on a very grand scale, nonetheless. Human beings are already inherently resistant to the concept of change, because even under better circumstances, change still leaves us with the unavoidable question of “what if?” Whether good or bad, the magnitude of unplanned change that has occurred in recent weeks has not made it any easier for us to accept change as a benevolent force.
Cinema Crossword Puzzle
Here’s another crossword puzzle for you to enjoy featuring some of your favorite industry-themed flicks. Think you can guess them all? Head over to our blog to find out!
SIVA Answers Your Questions!
A big “thank you” to our followers for asking such thoughtful questions, we are proud to be your resource for all things cannabis!
Recent events have resulted in consumers stockpiling on cannabis. Presently, what is the estimated demand for cannabis?
From Illegal To Essential
With mandatory stay-at-home policies becoming the norm throughout the country, multiple cities and states have required non-essential businesses to shut down in order to combat the spread of COVID-19. The definition of what qualifies a business as essential is not always clearly defined, and has sparked a debate as to whether or not cannabis businesses are considered essential. With the expansion of cannabis programs throughout the country, and drops in total patient counts within individual states, politicians, regulators and operators are beginning to formally answer the question of whether or not cannabis is an essential business.
Proactively Suppressing the Threats of a Crippling Recession
As the spread of COVID-19 continues, the United States and its various jurisdictions are issuing orders to stay at home and refrain from having close contact with other individuals. The immediate results are obvious – business is slowing, consumers are spending less and some businesses are forced to close doors. It seems like every day, at least in California, a mayor is issuing an executive order with a single objective in mind: flatten the curve.
Preparing for Cannabis Licensing Opportunities
The spread of the COVID-19 virus has placed even more uncertainty into an already uncertain industry. Many industry experts expected this election year to drive the expansion of cannabis programs throughout the country, but the recent developments have changed expectations throughout the country.
Strategies for Adjusting to The New Business Environment
The economic and operational effects of COVID-19 present an unexpected challenge for businesses of all sizes, especially small businesses. While more counties and states implement mandatory social distancing requirements or “stay at home” orders, business owners are forced into a corner and they must make difficult decisions that significantly impact their current and future operations. Each business is different and there is no “one-size-fits-all” strategy for ensuring sustainability and profitability. However, some universal themes can provide guidance to managers and owners to mitigate the long-term and short-term consequences of our current economic environment.
With free time in greater abundance than usual, the SIVA team is taking advantage of this personal development opportunity by reading. Here are some selections we recommend that may help bolster the personal and professional growth of your cannabis venture or at the very least, offer a well-deserved distraction.
Prepare for Tomorrow, Today
As COVID-19 continues to spread, the reality for millions of us is that our day-to-day lives have temporarily changed. The economic impact of these changes will be palpable but ultimately we will be back to business as usual, and the decisions we make today are going to impact what type of a workplace we return to. As offices around the world are closing, we are faced with unique challenges and unique opportunities. While the world around us seems to be slowing down, businesses are continuing to look for ways to adapt to these temporary setbacks.
Structuring Your Business – Things Considered
Whether expanding an existing operation or transitioning into the regulated landscape of cannabis, one of the challenges many individuals face is how to structure their business. While no two cannabis businesses are the same, the general considerations for structuring any business are indistinguishable.
When considering different corporate formations, the general goal is to structure the business in a manner which effectively limits personal liability and maximizes the business’s profit retention while also issuing as much earnings as possible to its owners.