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finance

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

 

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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,...

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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

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

December 11 2019

Optimizing Multi-Unit Cannabis Business Operations

As the cannabis industry matures, some companies are emerging as clear winners in this competitive market. They’ve managed to stabilize and expand their operations, often while merging with similar brands or acquiring smaller shops to build their market reach and in-house capabilities....

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Filed Under: Case Studies, 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

November 12 2019

How to Leverage Real Estate, Assets, and Cannabis Licenses for Better Cash Flow

Cannabis is an expensive industry to be a part of, and cannabis operators seeking to make a profit sometimes have to get creative. As this highly-regulated industry continues to stabilize, savvy entrepreneurs are using all available resources to stay competitive. 

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Filed Under: Compliance, Licenses, Finance, Investing, Operations