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finance

April 17 2019

What Cannabis Operators Need to Know About Cash Flow

Cash flow is a key business metric that all cannabis operators must pay close attention to because it can mean the difference between staying afloat or slowly sinking into financial ruins.

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Filed Under: Finance

February 26 2019

What ROI should you expect when investing in a cannabis business?

The cannabis industry is ripe for investors, with more and more cannabis companies joining the Canadian Securities Exchange (CSE). California’s cannabis market alone is estimated to reach $5.1 billion in market value. The cannabis industry remains a largely untapped market that has...

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Filed Under: Finance, Investing

February 12 2019

How Pro Formas Affect Your Cannabis Business

Anyone who owns a cannabis business has probably heard of the term “pro forma.”  

However, not all business owners understand how powerful a tool pro formas can be to demonstrate how much money the business needs to start up and operate until it is able to generate profits.

Usually,...

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Filed Under: Finance

February 06 2019

The 5 Best POS Systems for Cannabis Retailers

If you’re seeking to upgrade your software, or just hoping to avoid some of these common bookkeeping mistakes, your point-of-sale system is a good place to start.

A good POS system can help a cannabis retailer manage inventory, track sales, and get data on your customer trends.

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Filed Under: Business, Finance

January 24 2019

What to Expect in a Tax Audit

Did you know that cannabis businesses are five times more likely to face an IRS business audit?

Federal regulations like the Cole Memorandum make it difficult to do business in the legal cannabis market, and because banks often won’t accept cannabis money, cannabis businesses deal in a lot...

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Filed Under: Compliance, Taxes, Finance

December 19 2018

The IFRS Audit: What to Expect When Going Public in Canada

US-based cannabis companies are going public on the Canadian Stock Exchange (CSE) more than ever now that our neighbors to the north legalized recreational cannabis.

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Filed Under: News, Finance

October 16 2018

Four Tips to Help You Navigate Cannabis Business Banking

If you’re interested in starting and operating a cannabis business, chances are you’ve run into some difficulty opening a company bank account. There are a variety of reasons why banks won’t take your cannabis money. This is both frustrating and dangerous for you as a cannabis business...

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Filed Under: Finance

October 10 2018

How to Vet a CFO for Your Cannabis Company

The Chief Financial Officer role is one of the most important positions in your cannabis company. There are many irregular overhead expenses to keep track of, and being compliant with the 280e regulation can be a full-time job. Here’s what to look for in finding a person to keep tabs on the...

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Filed Under: Finance

September 28 2018

Cannabis Banking 101: The Agencies and Policies Responsible for why Banks won’t take your Cannabis Money

Ever wonder why federally insured banks generally don’t do business with cannabis business owners? There are agencies and policies responsible for why banks won’t take your cannabis business money. The first and most obvious agency is the US Attorney with the Department of Justice. The...

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Filed Under: Business, Finance

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