Bookkeeper vs. Accountant: What’s the Difference?
In the cannabis sector, the need for flawless record-keeping and accounting combined with permanently evolving regulations means cannabis businesses face a steep challenge in maintaining financial compliance. Relying solely on in-house methods for cannabis bookkeeping and accounting purposes could prove futile, especially given the busy pace of the cannabis space. Thus, the wisest approach to […]
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 […]