Karma Koala Podcast 231: Darren Gleeman of MBO Ventures NY, Re-Scheduling, “It’s In Never Never Land” + Ricketts & Lankford , “To amend the Internal Revenue Code of 1986 to maintain the prohibition on allowing any deduction or credit associated with a trade or business involved in trafficking marijuana.” | Cannabis Law Report | How to order Skittles Moonrock online
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https://www.podomatic.com/podcasts/karmakoalapodcast/episodes/2025-02-21T02_04_54-08_00
Darren thinks the discussion is over on re-scheduling , time to be realistic and think of some sort of legalization process around in 2030. That means 230e remains and the bean counters will be very happy.
Add to the mix Ricketts & Lankford and their thinking
We chew over what the states may do in the meantime
Also we explore the issue of money and cannabis & hemp politics from a state perspective
Darren’s a New Yorker so I ask him his thoughts on the market at the moment and what’s coming next.
Bio ( Linked In)
Darren Gleeman is a financial expert. Darren is the Managing Partner of MBO Ventures. He was the founder of e-Coupons, Managing Partner of both GMD Trading, and GB Trading. He’s highly sought after for his ESOP knowledge and financial acumen, as well as being a prolific angel investor with early investments in companies such as Screaming Media (NASDAQ:SCRM), Blackboard (NASDAQ:BBBB), Social Radar and his latest investments in ClassEdu and Accelerant Manufacturing.
Darren understands finance. Beginning at Wharton, he understood the value of hard work, quantitative modeling and the scientific method. From there, he founded a firm that took the human element out of trading. He transitioned the company into one of the first high frequency trading platforms in the world, trading over 1% of all US Equities every day.
Today, Darren is the managing partner of MBO Ventures (www.mboventures.com). The firm provides ESOP Expertise & will invest it’s capital alongside company owners and/or the management team. MBO implements exit strategies, whether it’s for family succession, a management buy-out, or a 100% sale to employees.
To accomplish a successful exit, a business owner can sell their firm (or a portion of it) to their employees via a leveraged ESOP.
Congress has bestowed tremendous tax advantages on this structure (ESOP), enabling owners to earn significantly more money when selling to an ESOP, over private equity. Let us educate you:
1. No employee funds required.
2. Owners can defer their capital gains on the sale of the company indefinitely.
3. 100% S Corp ESOP is a tax free entity.
4. Loan principal to buyout owner is paid back with pre-tax dollars.
5. Owner can still maintain managerial control and upside potential.
6. Employees keep their jobs; become owners; work harder and better
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