Resources
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Cannabis Business Your Guide to Cannabis Partnerships, Operating Agreements, and Taxes
The days of forming a partnership on a handshake are long gone for most; the sad fact of the matter is that–without a formal cannabis partnership agreement in place to …
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Investors Cannabis Nursery Businesses: The Right Investment for You?
Cannabis nursery businesses can be excellent investments for nearly anyone operating in the cannabis sector. While starting or purchasing a nursery sounds like a smart move, it’s ideal to know …
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Cannabis Business The Ultimate Guide to Vertically-Integrated Cannabis Businesses
Vertically-integrated cannabis businesses successfully operate in the cannabis sector. But what’s so special about vertical integration in cannabis? Vertical integration in the cannabis space ensures your operation runs like a …
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Cannabis Business How to Determine the Break-Even Point for Your Cannabis Dispensary
Sometimes, business owners don’t consider their break-even point. But knowing when you’ll become profitable means understanding how to calculate your break-even point. This is also how you’ll bypass the inflated …
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Cannabis Business Does Receivership Work for Cannabis Business Investors?
While filing for bankruptcy as a cannabusiness operator isn’t an option, receivership could work. This involves having an appointed trustee restructure your company and is especially helpful for business owners …
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Cannabis Business 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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Cannabis Business 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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Cannabis Business 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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Cannabis Business 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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Cannabis Business 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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Cannabis Business 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 Business 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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Financial Strategy 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. …
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Cannabis Business 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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Cannabis Business 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 Business 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 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 Business 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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Cannabis Business 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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Property A Quick Professional Guide to Buying Commercial Property
Here at Northstar Financial, we know that buying commercial property for your business or investment portfolio is all about knowing what you want and building a smart sequence of steps …
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280E Dispensary Tax Deductions Guide
Tax season in the cannabis industry comes with a unique set of hurdles. Of course, while challenging, preparing tax returns for dispensary owners is not impossible. As every dispensary owner …
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