The Business of Kush

No matter what business you're in, pricing is always a key consideration. But when it comes to the cannabis industry, pricing can be especially tricky.
There are countless factors to consider, from regulatory compliance to supply and demand. In this week's episode Chip outlines some of the most important considerations when setting prices for cannabis products and services.
You'll learn how to price your product or service so that you can win in the competitive cannabis market!
We all know that humans are irrational creatures. And as such, pricing a product can be just as much an art form than it is science! So, we'll also break down the psychological side of how to price your products so you get more sales.
Plus, we'll have our "News of The Day" segment.
Want to learn more about anything discussed in this week's episode? Send an e-mail to [email protected] and let's discuss!
What to listen to next:
Episode 07 - How to Build and Sell Your Cannabusiness Like A BossEpisode 01 - The 10 Reasons Why Investors Pass on Investing in Your Cannabis BusinessEpisode 13 - Avoid These 5 Mistakes In Setting Up Your Cannabis CompanyConnect with The Business of Kush:
Click here to Sign up to get e-mails from ChipFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook.
And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community.
Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

As more and more states legalize the plant, cannabis businesses – even existing ones – are presented with more profit-earning potential.
But before you start any business, you need to have some idea of what the industry landscape is like: What's the earning potential? What risks will you face? Who's your competition?
Given the cannabis industry’s relatively short history -- and with new states coming online all the time -- the industry is always changing and evolving. Which means for both the brand new cannabis entrepreneur and those who have been in business for a while, there's a lot to think about.
If you’re ready to start a budding cannabis business, this episode is for you. And, if you've already set up your company and have been operating for a while Chip talks about some important aspects of your cannabis business to consider (bonus, it’s not too late).
Having just passed our six-month anniversary, our gift to you is pulling the top tips and tricks from several previous episodes and packaging them up into one episode of what you need to know before starting a cannabis business and the steps to take if you decide to enter the cannabis industry.
Plus, we'll have our "News of The Day" segment.
Want to learn more about anything discussed in this week's episode? Send an e-mail to [email protected] and let's discuss!
In the order they're discussed, here are the episodes mentioned this week
(hint, listen to these next):
Episode 07 - How to Build and Sell Your Cannabusiness Like A BossEpisode 01 - The 10 Reasons Why Investors Pass on Investing in Your Cannabis BusinessEpisode 13 - Avoid These 5 Mistakes In Setting Up Your Cannabis CompanyEpisode 06 - What To Do When a Potential Investor Wants to Write You a CheckEpisode 11 - How to Legally Beat 280E While Still Protecting Your CannabusinessConnect with The Business of Kush:
Click here to Sign up to get e-mails from ChipFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook.
And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community.
Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to t

One issue that seems to be coming up a lot lately for cannabis business owners is cash flow, and for good reason. If your business runs out of cash, and cannot borrow from somebody or get more investment capital, then it’s probably about to fail.
For your cannabis business to be as healthy and prosperous as possible, you need to keep an eye on profit, but also on cash flow. So this week Chip hones in on cash flow and talks about four reasons why cash flow is so important.
And even if profit is looking healthy it doesn’t mean you'll have positive cash flow to support growth, so Chip will also give you five tips on how to accelerate and create positive cash flow.
Plus, we'll have our "News of The Day" segment.
Want to learn more about anything discussed in this week's episode? Send an e-mail to [email protected] and let's discuss!
What to listen to next:
Episode 06 - What To Do When a Potential Investor Wants to Write You a Check
Episode 15 - How to Build a Successful Dispensary with Christy and Haley from Haus of JayneConnect with The Business of Kush:
Click here to Sign up to get e-mails from ChipFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook.
And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community.
Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

Cannabis business owners are always looking for ways to save money in all aspects of their businesses, and none more so than with taxes. But with IRC 280E it can get very difficult to minimizing what you pay to Uncle Sam and also put that money back in your pocket.
So in this week's episode, Chip sits with Justin Klein of Klein Capital Investments to talk about unique, legal tactics to save on cash taxes for your cannabis business. Justin is an experienced Certified Financial Planner (CFP) who is also the co-founder of a vertically-integrated cannabis company in Montana, so his insights are perfectly tailored to the cannabis business owner.
It's a fun discussion where you learn not only about how the tools of financial planning can reduce your tax liability, but also put more money in your pocket and retain key employees. And, you'll hear Justin's unique take on the exciting growth of the cannabis industry.
Plus, Justin was able to stick around to participate in our "News of The Day" segment where we touched on very timely and topical current events.
About Klein Capital Investments:
You can find Justin (the "Cannabis CFP") on the web at https://www.cannabiscfp.com or can connect with him on Instagram by clicking here: Cannabis.CFP
And, Justin can be reached by phone on (406) 219-2273.
What to listen to next:
Episode 12 - Nine Tips To Create a Valuable, Resilient and Scalable Cannabis BusinessEpisode 14 - Here's What's So Important About a $1 Million Cannabis Business
Want to learn more about anything discussed in this week's episode? Send an e-mail to [email protected] and let's discuss!
Connect with The Business of Kush:
Sign up to get e-mails from meFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook.
And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community.
Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity

In the fourth quarter of the year many people focus on Holiday celebrations and new year’s resolutions. For cannabis business owners, though, you also need to focus on your year-end business planning, which includes both winding down 2021 and preparing for the new year.
So, in this week's episode of The Business of KushTM we talk about the 5 things to do before the calendar clicks over to the new year, and 6 things for the new year. Plus, learn from what's happening in the cannabis industry in our fun segment "News of the Day."

What to listen to next:
Episode 01 - The 10 Reasons Investors Say No to Your Cannabis Business

Sign up to get e-mails from me
Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook.
And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community.
Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.