Resources
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...
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 the disparities from state to state and federal...
Cannabis Inventory Management Tips to Stay Compliant
Whether you’re stocking hundreds or thousands of cannabis products, cannabis inventory management is essential for success in the cannabis sector. Operating in this industry means you need to know where your inventory is, how much you have available, and when you’ll...
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 plant. It conforms to all the rules of plant life, including the fact that it can...