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Blog

May 13 2020

Unlimited Licenses in Missouri, Cannabis Banking & Maine Restrictions Lifted

Missouri House Passes Bill to Eliminate Medical Cannabis License Caps

Great opportunity if you want to become a cannabis multi-state operator!

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Filed Under: News

May 01 2020

Break-Even Point for a Cannabis Dispensary

 

The faster your cannabis operation hits break-even, the sooner you become profitable – here's how. 

  • Start keeping track your sales, number of transactions, weather, events in the areas, specific promotions, and headcount for the day and even big news headlines for every day.
  • Examine...
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Filed Under: Business, Finance, Operations, Accounting

April 24 2020

Role of a Receiver and the Benefits of Receivership

This post is part 2 in a series about economic receivership. Catch up on the first part, “Receivership for Cannabis Businesses” for more information. 

  • Cannabis businesses can't file for bankruptcy; receivership is an alternative solution.
  • A "receiver" is someone appointed by the court...
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Filed Under: Compliance, Business, Finance, Accounting

March 26 2020

Economic Update for Cannabis Businesses

Small business owners around the country are in need of help as more and more states ask their citizens to stay at home. Cannabis is no exception.

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Filed Under: News, Taxes, Business, Operations, Accounting

March 11 2020

Cannabis Dispensary Layouts

The physical layout of your cannabis dispensary can influence your sales, customer service, and overall growth. 

  • The layout of your cannabis store impacts how you schedule and utilize your employees, control your inventory, and serve your customers.
  • The layout is influenced by your...
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Filed Under: Finance, Operations

March 04 2020

Cannabis Excise Tax Calculation Updates for 2020

As of January, 2020, distributors need to know about the CDTFA's changes to California's cannabis excise tax. 

  • Distributors will need to pay the excise tax more frequently, and the basis that they calculate the cannabis excise tax on could be lowered, but the markup on that basis has...
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Filed Under: California, Taxes, Accounting

February 26 2020

Cannabis Industry Chart of Accounts

This index of the financial accounts in the general ledger saves time and stress when tax season rolls around.

  • A COA can generate better, more accurate reporting on your cannabis business performance to help you grow. 
  • Transactions are broken into five main categories: assets,...
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Filed Under: Taxes, Finance, Accounting