How Dispensaries Handle Payroll for 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 Banking Guide: Choosing the Right Bank for Your Cannabis Business

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 services needed to open …

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How is Payroll Different for Cannabis Businesses?​

Cannabis is a multi-million, and in some states billion, dollar industry that will continue to grow as more states move toward legalization. While cannabis is legal for adult use in some states, it’s still federally illegal.  The legal status of cannabis brings about complex challenges for cannabis business owners. Due to certain regulations, many cannabis …

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