How the Government is excluding Black Businesses from the Marijuana Industry

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The Marijuana movement is upon America. In my lifetime the taboo and underground world of indulging in Marijuana has now become a business of interest and popular culture.

State and local governments across the United States of America began sanctioning medical marijuana whereas now recreational use is welcome and open to the world. The federal government still classifies marijuana as a schedule 1 drug substance. This creates many banking and taxation challenges on a Federal level. These challenges are exclusionary barriers creating a very low glass ceiling for many Black business people to enter the marijuana industry.

Levels of capitalization, Internal Revenue Service code IRC 280-E, and the State of Michigan (and many others) Metric system all can be logistical nightmares if not executed well.

Greg Frazier CPA (my Father) comes back to Detroit is Different and shares his understanding and knowledge of the barriers in existence and the way to operate out of jail and debt entering the marijuana industry in Michigan. This is an in-depth video covering many of the ideas and concepts associated with accounting that are imperative to run, operate, and have a marijuana business in compliance with the US Government and the State of Michigan.

For more information and inquiries please contact Greg Frazier CPA at www.gregfraziercpa.com or through LinkedIn  

What began as a journey engaging hip-hop audiences, has grown into a career as a marketing consultant. As business people have seen my work, I was propositioned many times to provide graphic design, photography, videography, event planning, website development, and social media campaigning. These initial business contracts inspired me to build Creative Differences Marketing. I’ve balanced my entrepreneurial experience with formal education from Walsh College of Business and Accountancy. My degree in Marketing serves me well in understanding many of the formal, universal, and theoretical marketing approaches used in corporate environments.Formulating this business model has been anchored by the success of my BLOG ‘Detroit is Different.’ I create all content for Detroit is Different. This serves as a prototype of the ways I can design events, websites, graphics, music, podcasts, social media campaigns, and e-mail campaigns. ‘Detroit is Different’ focuses on the people and places of Detroit that add to the culture. Through these people and places, themes are driven. These themes will partner with, sponsor, and advertise for businesses and organizations using this innovative multilevel marketing approach.