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Welcome to Cannabis Insider! We're bringing you the latest news and updates from the cannabis industry, as well as exclusive interviews with top executives and industry leaders!
Takeaways:
-ESOPs offer a way for cannabis companies to navigate tax challenges, such as Section 280E, by allowing them to pay zero federal and state taxes.
-ESOPs provide significant cash flow advantages for cannabis companies, as they can allocate the money that would have been paid in taxes to other areas of the business.
-ESOPs benefit employees by increasing job security, incentivizing them to stay with the company, and providing opportunities for wealth accumulation.
-The adoption of ESOPs in the cannabis industry is still relatively low due to a lack of awareness and misconceptions about their complexity and applicability.
Featured Guest(s):
Darren Gleeman, Managing Partner - MBO Ventures
Meet The Host(s):
Patricio Liddle, Cannabis Writer - Benzinga
https://www.benzinga.com/author/patricio-liddle-0
Abbey Higginbotham, Cannabis Writer - Benzinga
https://www.benzinga.com/author/abbey-higginbotham
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Cannabis Insider - https://www.benzinga.com/money/podcast-show/cannabisinsider/
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