The Bureau of Labor Statistics reported this year that about 20% of small businesses fail in their first year. In the cannabis industry, operators face more obstacles than other new businesses. High licensing fees, taxes, and lack of access to traditional banking create high barriers to...
November 06 2019
Can Cannabis Businesses File for Bankruptcy?
Filed Under: Compliance, Taxes, Finance, Operations
September 03 2019
Managing Cannabis Employee and Contractor Payroll with Cash
Due to federal regulations restricting cannabis operators’ access to traditional banking, many cannabis companies are forced to pay their operational costs in cash.
Filed Under: Compliance, Taxes, Finance, Operations