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business

May 01 2020

Break-Even Point for a Cannabis Dispensary

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

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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. 

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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

January 29 2020

Best Practices for Cannabis Dispensary Cash Handling

Cash management is important for every small business but can sink a cannabis operator quickly. In an industry where virtually every transaction is handled in cash, strong cash handling policies are critical for survival. 

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Filed Under: Business, Operations, Accounting

December 18 2019

Understanding Cannabis Nursery Businesses

Need help with setting up the financials for cannabis nursery? Contact us today!Get Started

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Cannabis operators seeking to diversify should consider a cannabis nursery; this business model is slightly less involved than a full cultivation...

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Filed Under: Taxes, Business, Finance, Operations

November 29 2019

Using Functional Interviews to Reorganize Your Cannabis Company

The cannabis market is maturing, and with that growth comes many changes for cannabis operators who are merging, adjusting, and reorganizing to improve their operations. Labor costs – employee wages, payroll, benefits, and taxes – can total up to 70% of total business costs. When a...

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Filed Under: Business, Finance, Operations

July 12 2019

Measuring the Financial Health of Your Cannabis Business

As a cannabis business owner, you know that you have a lot on your plate.

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Filed Under: Business, Finance