Cannabis Business
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Must-See Tips for Cannabis Dispensary Cash Handling
Cash management is crucial for any small business. But when it comes to operating in the cannabis sector, inappropriately managing cash can become a severe issue. This industry is characterized …
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How to Measure Your Cannabis Business’s Financial Health
Maintaining a financially healthy cannabis business is crucial to success. Without keeping a finger on the pulse of key financial health indicators, your operation becomes susceptible to a plethora of …
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Choosing the Right Accountant for Your Cannabis Delivery Service
Whether you’ve recently started your cannabis delivery service or have been in business a while now, you should have a team of professionals and advisors to steer you in the …
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How to Raise Capital for Cannabis, Hemp, or CBD Companies
Cannabis businesses have raised hundreds of millions of dollars in 2020, and these investments are expected to continue as the industry grows. Much of this sector demonstrates its resilience to …
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Financial Forecasting Methods & Factors for Cannabis Businesses
Financial forecasting methods in cannabis are essential for success. The industry environment is continuously changing, and the right predictions can make it easier to navigate. Every business should utilize a …
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How to Vet a Cannabis CFO
A cannabis Chief Financial Officer (CFO) is one of the most crucial hires for any expanding cannabis company. As your business grows, so does its financial needs. But there’s more …
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Cannabis Accounting: How to Find the Right Accountant
You already know the importance of cannabis accounting. But you’re wondering, “How can I find the right accountant for me?” The cannabis industry is expanding. With this exponential growth, we …
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Outsourced Cannabis CFO vs. Hiring In-House
Business operators often can’t help but wonder, “Should we hire a CFO or Controller, or should we try to do it ourselves?” However, there’s another option that’s often overlooked; outsourced cannabis CFO services . …
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5 Benefits of Hiring a Fractional Cfo for Cannabis
Outsourcing a fractional Chief Financial Officer ( CFO ) is becoming more common in cannabis. As the economic downturn impacts operations around the country, finances become the top concern of cannabusiness …
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Cannabis SOPs & Compliance for Success
What are Standard Operating Procedures for Cannabis? As with almost every business, standard operating procedures for cannabis business operators ensures consistency. In an industry characterized by strict regulations and corresponding …
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Cannabis Business Problems & How to Avoid Them
80% of startups fail within 18 months. This percentage is even higher for cannabis, especially when considering how cannabis business problems spark failure. Legalization is still maturing. This, in addition to …
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Cannabis Inventory Management Tips to Stay Compliant
Whether you’re stocking hundreds or thousands of cannabis products, cannabis inventory management and bookkeeping is essential for success in the cannabis sector. Operating in this industry means you need to know …
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How Expensive Is Expired Inventory in the Cannabis Industry?
No one thought it was possible when cannabis was first legalized, but there is a growing problem in the cannabis industry: expired inventory. Cannabis is, ultimately, a green and leafy …
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What Is a Cannabis Brand’s Financial Liability for Customer’s Losses?
For every business, there is a liability. It should come as no surprise that the number of liability claims against the cannabis industry are on the rise. After all, the …
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7 Ways to Earn the Interest of an Angel Investor
Every small business has needed capital at different stages of development. Whether you are starting a brand new cannabis business or growing your already existing cannabis business, you’ll need to …
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When to Use Cash-Based Accounting For Your Cannabis Business
‘Tis the season! Tax season, that is. And one thing that no one can argue with is that Cannabis tax laws are among the most complicated and intricate to comply …
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Increasing Cash Flow For Your Cannabis Business With a Sale Leaseback
Do you own a cannabis business? Then it’s no news to you that cash flow is one of the main, if not the main, issues for a cannabis business. That’s why owners …
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What Cannabis Businesses Can Learn About Section 280E
Opening and running a cannabis business in one of the legal states involves a unique set of obstacles and challenges. As any cannabis business owner knows, the ever-changing tapestry of …
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Tax Requirements for a Los Angeles Cannabis Distributor
Every entrepreneur’s dream is to grow a successful business. For most, that means steadily increased sales and profits, with a healthy balance of income and expenses. As an LA-based distributor, …
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Keeping Cash Flow for Cannabis Businesses
There’s a lot of material out there exploring why nine out of ten business and startups fail , and plenty case studies done on the businesses that made it. One theory is that entrepreneurs of successful businesses “failed …
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How to Find Insurance for Your Cannabis Company If It’s Proving Difficult
Due to the current legal circumstances surrounding cannabis, it won’t be especially surprising if you have trouble finding insurance for your company. Here’s some information about this difficulty, including what …
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