Now That's Some BullSh** - Harborside, Aphria and Sequoia Labs
Release Date: 01/10/2019
The CannaBS Detector
Have you ever wondered how legit an associating business is, or the people within it? Are you investing into a business with someone you aren’t entirely sure of? Well, lucky for you, we’re speaking with Tanya Hoke, an due diligence investigator.
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Every type of battle an industry can face has occurred in the cannabis industry. From insane taxes and regulations, to rampant corruption and shady business practices. However, NOTHING compares to the challenges Covid 19 poses.
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Jean Everson isn’t unique in her circumstances, but what makes her unique is twofold. First, she had the smarts to keep records of everything and took this company court - and WON. Secondly, despite winning the settlement and receiving nothing, she wants you to know her story so that you don’t find yourself in the same position. It truly seems like no one escapes this industry unscathed, but there is hope! Listen in to learn how to recognize the signs and how to CYA (cover your ass)!
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While many people think national legalization is the answer to the many issues our industry faces(lack of banking, restrictive taxation, cannabis incarceration, etc) there are a lot more factors to consider that aren’t being discussed in the media. On this episode, we discuss some of the negative impacts that legalization can have on cannabis companies and the industry as a whole in the US.
info_outlineI have decided to change the name of these episodes to "That's Some Bullsh**" because the effects of the BS I cover lasts far beyond the week they occur in. On this episode:
1. Harborside and the IRS - UPDATE! While Harborside lost the case on their 280E obligations, they were allowed to get away from paying the penalties
2. Aphria and short sellers - Who do you believe - the short sellers and their research or the publically traded company and their press releases?
3. Sequoia Labs faked pesticide results - the repercussions are massive
Links to articles mentioned in this episode:
Harborside Ruling:
http://www.cannabisbusinesstimes.com/article/harborside-tax-court-ruling-280e/
Aphria:
https://seekingalpha.com/article/4225817-aphria-shell-game-cannabis-business-side
Sequoia Labs:
https://www.cannabisbusinesstimes.com/article/sequoia-labs-testing-california-falsified-reports/