business

 

 

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...

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...

 

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.

Learn how much of your cash is for taxes and for business operations to avoid penalties down the road. 

• Start with your taxes: calculate what your expected tax bill would be for each month, quarter, and year – that's what you need to have as your savings goal.
• Make sure your team is...

 

Learn whether a cannabis nursery is the right investment for your business. 

• Nurseries are a great way to diversify your cannabis operation.
• Nurseries can be quite lucrative if you focus on perfecting a strain. 
• Cannabis cultivation, excise, and sales taxes apply differently to ...

A functional interview can help make sure you have the right employee working in the right role for their skillset. 

• A functional interview assesses an employee’s knowledge, skills, and experience.
• After a business combination, use functional interviews to determine what each employee...

 

 

 

These tips can help cannabis business owners evaluate your growth potential, stability, and more. 

• The more data you can gather about your business, the better. 
•  Analyze your data once per month in the first year of running your business, then quarterly for the second year and...