accounting

There are many attention-grabbing news headlines and industry people that like to talk about cannabis dispensaries making $3 million – and even $8 million – each year. While those figures sound impressive, don’t be fooled. That million-dollar number comes from top line, or gross revenue

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

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.

As of the beginning of this year, there are some changes to how California is calculating the excise tax for cannabis distributors. The CDTFA released guidance changing the calculation of cannabis excise tax, as well as the payment schedule. Here’s what you need to know. 

Cannabis operators have a lot to keep track of. From staying compliant with complex regulations to tracking KPIs and staying alert for signs of embezzlement, running a cannabis operation involves wearing many hats.

While it’s true that cannabis is still a developing market, that doesn’t mean best business practices should be thrown by the wayside in favor of rapid growth. It’s important to track key performance indicators to make sure your cannabis operation is running profitably. Hoping that...