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operations

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

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

November 06 2019

Can Cannabis Businesses File for Bankruptcy?

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...

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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.

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Filed Under: Compliance, Taxes, Finance, Operations

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