Blog

It takes a lot more than just a local and state license to get your commercial cannabis business legally up and running. In addition to the commercial cannabis licenses, your business needs to be compliant with other building codes, zoning requirements, environmental regulations, and more....

The CFO is potentially the most important leadership role in your cannabis business – make sure the person you hire is equipped to work in this industry. 

• CFO is the point-person for all financial reporting, including reports to your board of directors, as well as to outside parties...

The important weekly cannabis updates for California are in. We have news from Commerce, Cathedral City, Imperial Beach, Woodlake and the National Cannabis Industry Association Conference.

The IRS fined an Oregon cannabis operator for failing to file income tax returns on his legal cannabis operation. 

• Cannabis business owner Matthew Price did not report nearly $1 million in income and used his business money on personal expenses in violation of federal tax regulations.
• This...

Here are important updates for Banning, Carpinteria, Los Angeles, Sacramento and theCalifornia State Water Board

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...

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...

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...

San Luis Obispo, CA

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...