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Cannabis Banking Guide: Choosing the Right Bank for Your Business

Cannabis Banking: An Introduction Even though many states have legalized medical marijuana, the federal classification of cannabis as a class 1 substance remains a big hurdle to overcome. Due to the criminal classification of marijuana on a national level, new cannabis businesses throughout the country are struggling to find access to the banks and financial …

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What Is The SAFE Banking Act?

As discussed in our Cannabis Banking Guide, the criminal classification of marijuana on a national level often prevents cannabis business owners from working with most major financial institutions. Under current law, banks that provide services to cannabis businesses can be subject to criminal prosecution. Even national credit card companies like Mastercard and American Express can …

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Why Cost Accounting is Important in the Cannabis Industry

As the legalization of cannabis trends, more and more entrepreneurs are seeking to enter the industry. While there is ample opportunity for potential business owners, it’s important to keep in mind that the industry is highly regulated and has its own unique set of challenges. It takes extreme diligence to break into the cannabis space …

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How Strategic Partnerships Add Value to Your Cannabis Business

Earning a reputation in the cannabis industry can be difficult when you’re just starting out. So, what do you do if you’re looking for an opportunity to increase your exposure? One way is by establishing strategic partnerships with other cannabis entities to build your presence in the market. Whether your goal is to create a …

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Why Outsourcing Accounting Will Maximize your Dispensary’s Revenue

As an entrepreneur, you know that time is your most valuable commodity. Many business owners make the mistake of wearing too many hats and wasting hours trying to figure it all out by themselves.  Outsourcing your accounting to cannabis industry professionals is one of the best options to solve this problem. With so much competition …

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The Basics of Starting a Cannabis Business: Funding & Financials

Those interested in starting their own cannabis business are likely aware of how difficult the industry can be to navigate. It’s hard to know where you should even start between adhering to strict federal regulations and making sense of the application process. Before jumping in head first, keep reading to learn some basic fundamentals about …

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