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operations

June 08 2020

Financial Forecasting for Cannabis Businesses

All cannabis businesses should have a financial forecast.

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Filed Under: Finance, Operations, Accounting

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

March 26 2020

Economic Update for Cannabis Businesses

Small business owners around the country are in need of help as more and more states ask their citizens to stay at home. Cannabis is no exception.

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Filed Under: News, Taxes, Business, Operations, 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 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

January 29 2020

Best Practices for Cannabis Dispensary Cash Handling

Cash management is important for every small business but can sink a cannabis operator quickly. In an industry where virtually every transaction is handled in cash, strong cash handling policies are critical for survival. 

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Filed Under: Business, Operations, Accounting

December 18 2019

Understanding Cannabis Nursery Businesses

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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