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The Cannabis Business Minds Show

Simone Cimiluca-Radzins, CPA

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Upskill on your cannabis business, finance, and compliance skills! If you’re looking for quick, easy, and value-added information about doing business in the cannabis industry, then look no more. Each episode of Cannabis Business Minds will provide you with valuable tips and insight from industry leaders that you can apply to your own business or career. Hosted by CPA and Cannabis Advisor, Simone Cimiluca-Radzins, CPA.
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In this episode, Simone unveils her latest focus, centered on the crucial elements of success: money, mindset, and business. Simone explores the concept of achieving financial wholeness in the entrepreneurial journey, regardless of the industry you operate in. She emphasizes the need to build a business that supports you financially and allows you …
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In this episode, we dive deep into the challenges faced by small businesses in the cannabis industry and the solutions that can help overcome them as Simone continues her conversation with Kenneth Mason, CEO of Equibis. Kenneth shares his insights on the unique challenges faced by small businesses in the cannabis industry, from navigating legal req…
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In this episode, we delve into the career transformation of Kenneth Mason, who went from being an accountant to becoming an entrepreneur empowering small businesses through Equibis. Kenneth shares his insights on navigating entrepreneurship as an accountant and the lessons he learned along the way. He also talks about his first dip into entrepreneu…
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Do you have a cannabis business that needs to raise funds? The process of fundraising can be difficult and time-consuming, so it's crucial for startup founders to have a strategic approach. In this episode, we delve deeper into business valuations and investing with Richard Bernard, Vice President of Houlihan Capital's Valuation and Financial Advis…
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Business owners must take into account numerous factors that heavily influence a company’s value. In this episode, Richard Bernard, the Vice President of Houlihan Capital’s Valuation and Financial Advisory Group, sheds light on the process of valuing businesses within the cannabis industry. Some key takeaways include: Bernard's background and invol…
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In this episode, we continue Simone’s conversation with Eric Canori and delve deeper into the topic of resilience and conquering hardships. Eric divulges his latest undertaking in cannabis cultivation in the New York market, the practices he adopted to cope with traumatic experiences, and his future aspirations. Eric Canori's memoir, titled "Pressu…
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Before cannabis became legal in any state, Eric Canori was a prominent high-end cannabis dealer on the East Coast of the United States, responsible for smuggling over $300 million worth of the drug. In this episode, Simone interviews Eric about his journey and transformation as a former high-end cannabis dealer turned author and legal entrepreneur.…
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In this episode, Jen Flanagan interviews hemp industry expert Shawn Hauser. As a partner at Vicente LLP and a co-chair of the firm's Hemp and Cannabinoids Department, Shawn helps businesses navigate the complex regulatory landscape of the hemp market. Shawn shares insights into the differences between hemp and cannabis, and the unique challenges th…
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Join Jen Flanagan in this episode, where she talks to Sahar Ayinehsazian, a partner in Vicente LLP's Los Angeles office and co-lead for the firm’s Banking and Financial Services Access practice. Sahar shares her insights on the challenges and opportunities in cannabis banking. Discover how to find a trustworthy banking partner, potential fees for c…
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In this episode, Jen Flanagan interviews Brian Vicente, Founding Partner of Vicente LLP and a pioneer in the cannabis industry. From the inception of the cannabis industry, Brian has been at the forefront of shaping the regulated industry. He shares with us his insights on the challenges and opportunities facing the cannabis industry today for entr…
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Join us as we kick off our four-part series with guest host Jen Flanagan. In this episode, we get insights and tips on cannabis compliance with Casey Leaver, the director of regulatory compliance at Vincente LLP. Casey is a compliance expert with years of experience under her belt. She knows what it takes to keep a cannabis business compliant in to…
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In this episode, we get an insight of how the Massachusetts cannabis industry started from former Commissioner Jen Flanagan. Commissioner Flanagan, currently the director of regulatory policy for Vicente LLP, shares her experience and perspective on her role as one of the appointed inaugural Commissioners on the Massachusetts Cannabis Control Commi…
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In this episode, we continue our conversation with Cannabis Law & Tax Specialist Paula Collins. We talked about her experience in working with cannabis business owners and how the New York Consortium of Cannabis Accountants are supporting social equity applicants. Some major highlights from our conversation: What cannabis entrepreneurs should watch…
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In this episode, we continue our conversation with Cannabis Law & Tax Specialist Paula Collins on cannabis taxation. Some major highlights from our conversation: The current New York tax structure and the licensed market The best case scenario in the next 12 months Her proposed transitional license and work as a co-founder of the New York Consortiu…
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In this episode, we get a deep dive on cannabis licensing and compliance with Cannabis Law & Tax Specialist Paula Collins. Paula Collins, CEO and Founder of The Morton Street Group, is obsessed with getting it right for the cannabis industry. Paula is an Enrolled Agent, MBA, Lawyer, and Education Specialist, with over 10 years' experience in tax pr…
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Because of you, Cannabis Business Minds is in the top 5 podcasts in the industry! Thanks so much for your support! In today's episode, Simone gives an overview of what you can expect from the show from expert interviews to the simplest way to get your questions answered by an industry expert. Connect with us! Website: cannabisbusinessminds.com Inst…
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Are you consuming cannabis or is it consuming you? On this episode, we talk to Tarris Batiste on his journey from being a football jock to helping young adults, upcoming professionals, athletes, and cannabis curious individuals to use cannabis responsibly. Some major highlights: His story and how he turned his mess to a message through his book ‘Do…
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On this episode, we get an insider insight on the New York cannabis scene and dive into corporate transactions with Charles Alovisetti, Partner and Corporate Department Chair at Vicente Sederberg LLP. Some major highlights: The current state and foreseen challenges on the New York cannabis industry Cannabis license and licensing caps CLIMB Act and …
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Are you using data to make smarter decisions in your business? On today’s episode we talk about how you can start using data to build your business with profit in mind. “Data can help all kinds of cannabis businesses operate smarter, make more money, and better serve their customers.” - Jeffrey Graham On this episode, we talk to Jeffrey Graham, co-…
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On this episode, Simone shares some basic business principles and strategic planning you can apply to your business today. Join the Cannabis Business Mastermind Community at https://cannabisbusinessminds.com/. Support the show Connect with us! — Instagram: @cannabisbusinessminds Youtube: @cannabisbusinessminds Linkedin: Cannabis Business Minds Podc…
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Lack of cash control has put many companies into bankruptcy. For cannabis companies, filing for bankruptcy is not an option. “You need to have a credit & collection policy to help grow your business.” - Sam Fensterstock On this episode, we get a deep dive on credit and collections in the cannabis industry with Sam Fensterstock, SVP of Business Deve…
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How familiar are you with web3.0 and NFTs? On this episode, we talk to Liz Wald about Web3 technologies and how it compelled her to co-found and launch thric3 -- an NFT-based membership community for people new or coming back to cannabis with an emphasis on wellness. Support the show Connect with us! — Instagram: @cannabisbusinessminds Youtube: @ca…
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“Big misconception is that you need multiple brokers to create transparency and get multiple quotes. This is not the case and invoking many brokers most times make it more challenging for the insured.” In this episode, we uncover the nuances and myths in insuring cannabis-related businesses with Eric Schneider, co-founder of AlphaRoot – a full serv…
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In this episode, Simone shares this timeless and insightful interview with Karim Webb for Cannabis Business Week back in July 2020 where they talk about: Karim’s journey to entrepreneurship and the impact his parents had Lessons on leadership, workplace culture, and community from his experiences in retail Challenges in operating competitive retail…
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In this episode, Simone talks about the challenges of cannabis startups from banking, cash flow, and taking action. Some major highlights: Lessons on cannabis banking Actions to take your business from the startup phase to launch phase Key areas to master for a successful cannabis startup Reflections on New York state cannabis tax scene Topics for …
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The key is in not spending time, but in investing it. In a 2015 Small Business Pulse Survey, business owners spend only 32% of their time on activities that lead to growth, improved profitability and increased morale. In this episode, Simone challenges you to assess and rethink how you manage your time and tasks affecting your business and your per…
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Are you having problems with prioritizing? There’s a quick tool that you can use to get out of being stressed and overwhelmed with the tasks that you have on your plate and being a proactive and mindful entrepreneur. In this episode, Simone shares how the Eisenhower matrix, a simple decision-making tool, helps you prioritize better by making distin…
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Cash flow is one of the biggest metrics in a cannabis business. In any business, the game is maximizing your cash flow and not just your revenue. As a startup, how do you maximize your cash flow? You can master cash flow by having your profit systems setup, having great terms with customers, and having a very clear understanding of your financial o…
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If you’re just starting your cannabis business, you want to make sure that you are setting up your profit systems the right way. Profit systems for your cannabis businesses include how you set up your accounting, how you set up your invoicing, and how you manage your cash flow through building and using an operating budget, and who is on your profi…
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If you’re in the startup phase of building a cannabis business, or if cannabis legalization just passed in your state, you’ve got a lot on your plate. From building relationships, to filing permits, to raising capital. A common myth among many founders is there is no money until you’ve got the cannabis license. In this episode, Simone shares what y…
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In this episode, Simone shares content marketing strategies and how to measure success. Download the Ultimate Business Checklist to get a roadmap to starting a profitable business. Support the show Connect with us! — Instagram: @cannabisbusinessminds Youtube: @cannabisbusinessminds Linkedin: Cannabis Business Minds Podcast Have any feedback? Shoot …
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In this mini episode, Simone shares some insights on the key things for your profit systems if you’re starting up, operating, and even how to prepare for exit. Still unsure about your business and profit plan? Join the Startup Profit Accelerator today and nail down your profits! Support the show Connect with us! — Instagram: @cannabisbusinessminds …
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Get ready to be blown away in this jam packed episode with Lance Lambert, Marketing Expert, Cannabis Advocate, and the go to on the International Cannabis Scene. Lance has spent years cultivating brands and telling stories, formerly in the mainstream digital media and marketing space prior to making the jump to the legal cannabis industry. Lambert …
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Blockchain, 150 million USD lost, and the fraudsters still haven’t been caught. In this episode, we interview Alejandro Gil and discuss one of the biggest frauds in Cannabis to date: Juicy Fields. If you’re interested in reading more, check out Alejandro’s article in Investor Times https://investortimes.com/a-textbook-exit-scam-the-juicy-fields-cas…
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Every business experiences an ebb and flow but seasonal businesses experience these all the more. In this mini episode, Simone shares how you can understand your business better to keep your seasonal business. Ready to be more confident in your sales and marketing strategies? Join the waitlist today on Startup Profit Accelerator: https://www.cbmnet…
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Revenue is one of the key metrics in any business. In this mini episode, Simone talks about 3 different ways you can build more revenue in your business and increase your profitability. If you’re interested in learning more sales and marketing techniques for a profitable business, join the waitlist on Startup Profit Accelerator: https://www.cbmnetw…
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In this mini episode, Simone challenges you to think out of the box and work on abundance. Ready to make more profit in your business with the right mindset and strategies? Join the Startup Profit Accelerator today! https://www.cbmnetwork.com/courses/spa Support the show Connect with us! — Instagram: @cannabisbusinessminds Youtube: @cannabisbusines…
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In this mini episode, Simone talks about how you can quickly assess your profit to allow you to make smarter finance decisions in your business. If you’re looking for best practices in cannabis accounting, make sure that you check out THC Finance Bootcamp which will give you access to tools, templates, and training on cannabis accounting. Support t…
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Are you prepared for a cyber attack? Did you know that 43% of cyber attacks are aimed at small businesses but only 14% are prepared to defend themselves? In this episode, we interview cyber expert Corey White to give us a lowdown of cyberattacks and how small businesses can protect themselves and be cyber protected. Corey White is a proven security…
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Eye cream cannabis? In this episode we unpack the benefits of what cannabis can do to your skin and building a cannabis skin care business in California with Bridget May and Kim Howard of Green Bee Botanicals. Some major highlights: How to stand out and show your brand in a crowded marketplace How cannabis can help with skincare Building a business…
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Did you know that at 8% cannabis actually has a higher rate of female CEOs than most other industries? In a 2019 study, nearly 37% of executive-level positions in the field were held by women, whereas the national average for other industries is only 21%. In this episode, we talk with Rachelle Gordon, a journalist and copywriter focused on cannabis…
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Did you know that, on average, it takes 20 impressions for people to remember a brand? In this episode, we talk to Liam McGreevy, a business executive with two decades of experience and a successful track record in developing businesses in disruptive market sectors, particularly in healthcare and wellness. Liam has established a reputation for find…
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Illinois made history in January 2020, becoming the first state to prioritize a social equity program for business licenses in their cannabis legislation. On today’s show, I talked with an amazing team who went through the social equity process. From healthcare to starting and running a vertically integrated cannabis business, I get the pleasure of…
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Did you know that it takes more than 20 touchpoints to engage with a prospective customer before they buy from you? With so much noise in the digital space, the limits for cannabis businesses to advertise on traditional social mediums because cannabis is a schedule 1 substance and federally illegal in the US (come on META, get with the changing tid…
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Did you know that the annual cost of compliance to operate a cannabis business is estimated to be $200,000? Unfortunately, many cannabis businesses spend thousands of dollars on SOP books that are never used and don't understand how to implement compliance measures effectively in their business. We get a veteran of the cannabis industry, Logan Gool…
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Did you know that It’s not illegal for financial institutions to engage with legally operating cannabis related businesses – even if the CRB is not in the same state. The SAFE Act is only codifying what is already being done. CRBs have a right to the same banking services as other small businesses for their safety, peace of mind, and ability to sca…
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Every cannabis entrepreneur has a different exit strategy, and Debra Borchardt is a story for anyone who is looking to make the exit in cannabis. Although Debra is still working in her business, she is no longer an equity owner. In this episode, I get to dive deep into Debra's journey with selling her company Green Market Report. About Debra: Debra…
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