Thinking Outside the Bud is a business podcast devoted to driving innovation in the cannabis space. During each episode, we speak with founders, investors, thought leaders, researchers, advocates, and policy makers who are finding new and exciting ways for cannabis to positively impact business, society, and culture..
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Thinking Outside the Bud is a business podcast devoted to driving innovation in the cannabis space. During each episode, we speak with founders, investors, thought leaders, researchers, advocates, and policy makers who are finding new and exciting ways for cannabis to positively impact business, society, and culture..
Cannabis and Ownership: Exploring ESOP Strategies with Darren Gleeman
Thinking Outside The Bud
31 minutes 27 seconds
1 year ago
Cannabis and Ownership: Exploring ESOP Strategies with Darren Gleeman
In this podcast episode, Bruce Eckfeldt interviews Darren Gleeman, managing partner at MBO Ventures, about Employee Stock Ownership Plans (ESOPs) in the cannabis industry. ESOPs enable owners to sell to employees without upfront capital, thanks to IRS subsidies, offering tax advantages like deferred capital gains tax and tax-free status. Structured as trusts, ESOPs allocate stock based on vesting schedules, promoting retention. While rare in cannabis due to awareness, successful implementations yield tax savings and employee benefits. Gleeman encourages exploring ESOPs as alternative exit strategies.
Thinking Outside The Bud
Thinking Outside the Bud is a business podcast devoted to driving innovation in the cannabis space. During each episode, we speak with founders, investors, thought leaders, researchers, advocates, and policy makers who are finding new and exciting ways for cannabis to positively impact business, society, and culture..
