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Why ESOPs Might Save Struggling Cannabis Companies
Episode 162
Darren Gleeman is the Managing Partner of MBO Ventures, an investment firm that works exclusively with Employee Stock Ownership Plans, or ESOPS. He believes ESOPS could be the golden ticket for cannabis companies looking to boost profit margins- especially as debt comes due and financial pressures mount. While the process can be complex, the benefits are substantial: the government actively supports ESOPS and even subsidizes them by eliminating state and federal tax obligations for companies that participate. Darren breaks it all down for us in this episode.
Innovating Cannabis is produced and hosted by Pam Chmiel, a journalist, freelance writer, and marketing and PR specialist in the cannabis industry. Get in touch to discuss your business strategy or explore working together at pam@InnovatingCannabisPodcast.com.
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Published on 6 days, 16 hours ago