Debt Lending: A Cannabis Business Essential
The cannabis industry has been met with challenges in getting capital from traditional banks and other means. With the Schedule 1 rule on cannabis, many businesses seek different alternatives to receive the financing they need. Debt lending allows another way for cannabis companies to finance their company whether they want to expand or start a […]
Cannabis Risk Management Accounting For Dispensaries
As dispensary owners, you have several responsibilities and you occasionally wear different hats in your business. This is hard to juggle, especially if you don’t have many on staff. However, if you’re the owners who have help, then all you need to worry about is getting customers in your door. Whatever your position or length […]
Master Cannabis Cost Accounting For Dispensaries: Key To Profitability
Your costs are part of operating your dispensary. They will always be there, regardless of the stage that your business is under. Knowing how to manage your costs is essential but it’s more than budgeting for your costs and adding them up. You need a process to keep more money in your business and grow […]
Financial Services Offered In The Cannabis Industry
Financial services offered in the cannabis industry can provide cannabis companies security or protection for their money. Many owners practice cash handling practices that can lead to exposure of their business money. If you’re one of these business owners, you know how hard it is to handle your cash and operate in cash-only transactions. Luckily, […]
Managing Cash Flow For Cannabis Businesses: Easy Practices
Managing cash flow is a challenge if you’re trying to maintain it for financial stability. Without a stable cash flow system in place, your business may have more money going out than in. This can lead you to have less money that your business needs to grow and thrive. If you’re having difficulty successfully managing […]
Dispensary Chart Of Accounts: Boost Your Cannabis Business
When operating your dispensary, there are critical processes you need to keep track of to avoid tax compliance fines and maintain business operations. A dispensary chart of accounts is a way you can organize your financial records, keep track, and minimize or avoid the risks of accruing fees. The dispensary chart of accounts allows you […]
