TALLAHASSEE, FL — Florida patients and growers have filed a lawsuit over regulators’ failure to meet deadlines associated with the state’s 2016 voter-approved medical cannabis law. Plaintiffs argue that the state Department of Health has failed to issue licenses for additional dispensaries despite an October deadline. “Florida law required the DOH to issue ten additional licenses by October […]
Representatives of Florida for Care filed litigation Thursday challenging a statewide ban on medical cannabis smoking. The suit was expected after lawmakers approved legislation (SB 8A) in June amending Amendment 2 — a voter initiated constitutional amendment permitting the use and distribution of medical cannabis. Seventy-one percent of voters approved the amendment in November. Senate […]
San Jose, CA (PRWEB) May 19, 2015
Early Growth Financial Services (EGFS) is pleased to announce its first-ever panel event focused on cannabis-based businesses. Co-hosted by First Ascent Associates and Runway Incubator, “Cannabis Startups: Exploring the Opportunities & Challenges” will take place on May 26, 2015 at Runway Incubator in San Francisco, California. This event will be a chance for founders within the cannabis industry to hear from and network with other founders, meet potential investors and others interested in the industry, and learn from business partners who support the space. Topics to be covered include specific tax, financial, and operational hurdles entrepreneurs focusing on this space have to contend with, how to access investment capital, and more.
EGFS is an outsourced financial services firm, headquartered in Silicon Valley that provides day-to-day accounting, CFO services, tax, and valuation support to early-stage companies nationwide. Founder and CEO David Ehrenberg will present along with startup founders and other experts on the legal, insurance, and funding landscape.
“I am so excited to help entrepreneurs navigate this space,” says David Ehrenberg, Founder and CEO of EGFS. “Our goal at EGFS is to help startup founders channel their passions into profitable businesses by putting a solid financial foundation in place. The legal cannabis industry is really at a tipping point. As seasoned players in the startup ecosystem, we understand the support and guidance early-stage companies need. As we work with more and more clients in the legal cannabis sector, we have a deep appreciation of the specific challenges they face as well as expertise in helping them manage them.”
At a time when new entrants are flocking to the industry while the regulatory landscape is quickly shifting, this event will give entrepreneurs the opportunity to hear the latest from industry experts and to network with others grappling with the same concerns. Participants will also come away with practical information and advice on how to build a thriving business.
Entrepreneurs interested in exploring the challenges and opportunities of founding a cannabis startup are welcome to join. Register here: cannabisstartup.splashthat.com
To help guide participants in this space, or those considering entering it, EGFS recently published a white paper on the industry: Legal Cannabis: Poised for Growth, But Banking And Tax Hurdles Remain Chokepoints. http://earlygrowthfinancialservices.com/legal-cannabis-poised-for-growth-but-banking-and-tax-hurdles-remain-chokepoints/
EGFS provides outsourced financial services and support to companies at all stages of development via a complete suite of solutions and support: from CFO services and high-level financial strategy to day-to-day accounting, taxes, and valuation. Headquartered in the Bay Area, EGFS operates in Silicon Valley, San Francisco, Los Angeles, Austin, Chicago, Boulder, Seattle, Las Vegas, and New York City. With 475+ small to mid-sized businesses nationwide, EGFS clients include Indiegogo, Klout, TechShop, SNAPCARD, GoodEggs, Enplug, OUYA, and OpenERP.