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
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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Cannabis operators seeking to diversify should consider a cannabis nursery; this business model is slightly less involved than a full cultivation...
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...
As a cannabis business owner, you know that you have a lot on your plate.