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finance

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 11 2020

Cannabis Dispensary Layouts

In the world of advertising, shopper marketing is a term used to describe a marketing practice that improves the shopper’s experience. Shopper marketing is influenced by elements such as window displays, aisle width, the placement of products on shelves, and, most importantly, the...

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Filed Under: Finance, Operations

February 26 2020

Cannabis Industry Chart of Accounts

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.

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Filed Under: Taxes, Finance, Accounting

February 12 2020

4 Important KPIs for Cannabis Dispensaries

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...

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Filed Under: Finance, Operations, Accounting

February 05 2020

Embezzlement: How to Spot the Warning Signs in Your Cannabis Company

Cannabis is still a new market, and with so much cash changing hands during the course of doing business, it’s likely that operators will come across fraud, embezzlement, or financial misrepresentation at some point.  

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Filed Under: Finance, Operations, Accounting

December 18 2019

Understanding Cannabis Nursery Businesses

Cannabis operators seeking to diversify should consider a cannabis nursery; this business model is slightly less involved than a full cultivation operation, but still lets entrepreneurs work with plants and seeds. Here’s our quick guide to learning more about starting a cannabis...

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Filed Under: Taxes, Business, Finance, Operations