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Blog

September 28 2018

Cannabis Banking 101: The Agencies and Policies Responsible for why Banks won’t take your Cannabis Money

Learn the background of the Cole Memorandum and why cannabis operators are subject to 280E restrictions.

  • The Cole Memorandum indicates that prosecutors and law enforcement should focus federal funds on those cannabis businesses and operators in conflict with state law.
  • Jeff Sessions made a...
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Filed Under: Business, Finance

September 27 2018

Maya Elisabeth on Whoopi & Maya, Women, and Entrepreneurship in the Cannabis Industry

It has been a tremendous year for women entrepreneurs in the cannabis industry. Thirty-one states have passed legislation to decriminalize cannabis, and nine of them permit both commercial medical and recreational adult use. Demand for cannabis products is higher than ever before, and women...

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Filed Under: Feature

September 26 2018

Best Software Packages to Start Using for your Cannabis Business

The right software tools can cut down on the manual, day-to-day admin of running a cannabis operation. 

  • Gusto, Xero, Dropbox and Hubdoc are just a few tools we recommend you implement at your cannabis business. 
  • Software can't replace bad business practices; use standard operating...
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Filed Under: Insider, Business

September 18 2018

Common Cannabis Bookkeeping Mistakes (And How to Avoid Them)

Cannabis operators can avoid these five common bookkeeping mistakes by employing various checks and balances throughout their operations.

  • The massive amount of cash used in the cannabis industry puts you at risk for human error and fraud in accounting.
  • Make sure you are appropriating sales...
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Filed Under: Compliance, Business

September 17 2018

California Cannabis Updates from San Fernando, San Luis Obispo, San Francisco and Blythe

This week we have cannabis updates about the cities of San Fernando, San Luis Obispo, San Francisco and Blythe. In addition, The California Department of Pesticide Regulation released a document that all cannabis cultivators must read.

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Filed Under: News, California, Weekly Update

September 14 2018

Nevada Cannabis Licensing Update

Big news out of Nevada: the state will be expanding their recreational cannabis licenses starting September 7, 2018, with a second licensing window opening in November. This month, Nevada is accepting license applications for recreational cannabis business establishments from existing...

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Filed Under: Licenses, Nevada

September 13 2018

Elements of a Winning Cannabis Business Plan

The critical elements of your cannabis business plan: how you will benefit the community, and how your operation is unique.

  • California licensing boards are very interested in how your business will give back to the community. 
  • There are 14 parts fo the business plan that you must include.
  • ...
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Filed Under: Business

September 10 2018

Breaking Cannabis News from Contra Costa County, Sacramento, and American Canyon

This week we have cannabis updates from Contra Costa County, Sacramento and American Canyon.  In addition, the California Department of Fish & Wildlife Habitat Conservation Planning Branch released a new document AND the details of six cannabis informational workshops that will be held...

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Filed Under: California, Weekly Update

September 06 2018

How to Calculate Your Initial Cannabis Startup Costs

Getting started in California's legal cannabis market can take a minimum initial investment of $500,000. 

  • Operating costs, licensing fees, equipment and cannabis inputs are all expensive components of establishing a cannabis business. 
  • It can take upwards of $500,000 to start a cannabis...
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Filed Under: Business

September 05 2018

September’s Breaking Cannabis Updates from San Luis Obispo, San Francisco, Santa Barbara County and More

The Labor Day weekend was busy for cannabis news across the state. Today, we have  updates from the cities of Desert Hot Springs, San Luis Obispo, San Bernardino, American Canyon, San Francisco, Santa Barbara County and Solvang.

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Filed Under: Weekly Update

September 05 2018

What to Look for in a Cannabis Accounting Firm

A cannabis accounting firm can save you from fines, penalties, and make sure your business is set up to grow sustainably. 

  • Hiring a non-cannabis specific accounting firm can lead to accidental errors or oversights that may cause big problems in the future. 
  • Look for a firm that has a...
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Filed Under: Business

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