Top 3 Challenges for Entrepreneurs When Entering the Cannabis Industry

Although cannabis legalization is spreading across the United States, the industry is still in its infancy. This means that entrepreneurs who are eager to get involved in cannabis may find themselves facing many roadblocks. From regulatory concerns to financing issues, there are a number of potential pitfalls that could trip up your business. This blog …

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What Do Dispensaries Do With All Their Cash?

Many states in the U.S have legalized marijuana for medical and recreational purposes, making it a multibillion-dollar industry. Plant touching operations, like dispensaries, enjoy a steady cash flow under perfectly legal and licensed state laws. However, federal law still categorizes cannabis as a Schedule 1 drug, causing issues regarding banking and customer payment methods. Have …

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Guide: How Do Dispensaries Pay Their Employees?

It’s no secret that the future is bright for the cannabis industry. According to Leafly, the US cannabis industry supports over 320,000 full-time jobs. That’s an impressive number considering the industry is still young by many standards. While this growth is exciting for entrepreneurs, there are still many federal regulations that make it challenging for …

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Cannabis Business Tips: Why You Should Outsource Your Accounting

At Green Space, we know that running a small business is not always easy. Managing your finances as a cannabis company can be much more complicated than the average start-up, with constantly changing state laws and regulations making it difficult for dispensaries and cannabis companies to keep a compliant financial system in place. Rather than …

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Cannabis Capital Raising: Bank Loans & Private Investors

While running a cannabis business can be financially rewarding, it also comes with its own set of unique challenges. In our Cannabis Banking Guide, we touched on the unwillingness of financial institutions to work with state-approved cannabis businesses. Because cannabis is still considered a Schedule 1 substance, one of the biggest hurdles you’ll likely face …

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