Jason Little, Lead of The Cannabis Practice Team at Farrell Fritz, returns to discuss the recent federal appeals court ruling that New York State's cannabis licensing criteria, which excluded individuals with federal or out-of-state cannabis convictions from receiving priority, were likely unconstitutional.

They also discussed how tariffs impact the cannabis industry and how potential federal tax relief from an end to IRS code 280E could offset increased costs from tariffs. Additionally, they considered the less discussed benefit of declassification: the increased ability for research and development dollars to flow into the cannabis market.

Blunt Business welcomes Darren Gleeman, author of "The Cannabis ESOP Architect," to discuss how Employee Stock Ownership Plans (ESOPs) offer a revolutionary, IRS-approved, zero-tax exit strategy for cannabis businesses, making the 280E tax irrelevant.

Darren explained that ESOPs are the only significant M&A activity in the cannabis sector, fostering employee engagement and retention by turning them into owners with bulk payouts upon leaving, while increased cash flow from tax savings fuels company growth. He also stated that federal rescheduling would enhance ESOP benefits, and discussed the book's role in educating the industry and his interest in advertising strategies for client acquisition.

Blunt Business welcomes Melissa Hanson, Flowhub's new VP of Operations, to discuss their new e-commerce platform, which aims to power online cannabis retail growth.

Melissa, leveraging her 20 years of retail experience, explained that the platform was designed by former Wayfair experts to streamline dispensary operations by removing the need for multiple vendors and ensuring live inventory and deal syncing.

Flowhub emphasizes a client-centric approach, viewing clients as partners and actively incorporating their feedback for future updates.