Resources
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 issues. The cannabis sector’s rules and regulations are continually...
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 right direction. Most of the time, cannabis business lawyers are the go-to. They’re almost...
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 recessions and pandemics, even being categorized as essential, as many...
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 financial forecast. This is especially true for those...
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 to it than that. The cannabis sector is characterized by irregular overhead expenses and...
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 see regulations changing, and many cannabusiness operators need some help...
Your Guide to M&A Due Diligence Preparation
There’s rarely a sign with big red letters warning us of the need for due diligence during an M&A. But maybe there should be. 83% of mergers and acquisitions (M&A) fail. But with some preparation, it’s possible to join the minority of successful M&A...
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. Managing finances is essential for any business. This...
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 operators. With the state of the economy, hiring a fractional...
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 infractions, SOPs in the...