How Cannabis Cultivators Can Use Technology to Scale Operations and Remain Compliant

Starting a business is inherently risky but these are especially acute for cannabis cultivators. Uncertainties surrounding marijuana banking and the patchwork of ever-changing and onerous regulations means many cannabis operations start small with a view to scaling-up as and when conditions allow for it. It’d be a mistake to think scaling-up simply means hiring more […]

Cost Segregation: How Cannabis Businesses Can Benefit from this Tax Savings Strategy

Cost segregation is a well-known strategy for limiting income tax liability but it is one that remains relatively unknown by many marijuana businesses. This is unfortunate as cannabis companies have especially onerous tax obligations compared to businesses in traditional industries, owing to marijuana’s federally illegal status. In this article, we’ll discuss how marijuana companies, and […]

3 Simple Steps You Can Take to Improve Cashflow in Your Cannabis Business

Recent inflationary pressures have put an added strain on marijuana businesses, especially those that have just opened. Many cannabusinesses, especially in states like California, were already finding it hard to balance the books due to onerous tax obligations, compliance requirements, and licensing fees. This hasn’t been helped by IRC Code 280E which prevents marijuana businesses […]

Essential KPIs You Should Use to Track Your Cannabis Business Growth

How do you measure the success of your marijuana business? Aggregate numbers like sales and expenses are, of course, important but they don’t necessarily give a full picture of a company’s performance, and where it’s likely headed. For a more nuanced understanding of a company’s health, analysts make use of key performance indicators (KPIs). By […]

A CPA’s Expert Advice on Building a Solid Foundation for Your New Dispensary

With yet more states opting to legalize recreational cannabis sales this year and the prospect of others joining them through ballot measures at the forthcoming midterm elections, we are going to see a new wave of marijuana dispensaries opening for business. The cannabis industry is undoubtedly lucrative but that in itself is no guarantee of […]