In the News
Enhancing Accounting Services Through Strategic Time-Blocking
As an accounting firm, staying ahead isn’t just about keeping up with the numbers. Instead, by optimizing how we manage our time, we can serve you—our clients—better. So why is an accounting firm talking about time-blocking? It boils down to two main reasons
The Questions Most Cannabis Businesses Don’t Think to Ask During the Licensing Process
Many business owners know me for my work with companies offering professional services. I’m also a cannabis accounting pro and have devoted the last several years to becoming an expert so I can support cannapreneurs as they grow their business.
Because cannabis is still a Schedule I substance, cannabis businesses must operate under strict regulatory oversight and there are unique nuances to operations and accounting. In my work with cannabis businesses around the country (especially in the Northeast), I get lots of great questions that I frequently answer with content.
Entity Tax Reporting —what is the best business model for you?
You’re probably here because tons of people are talking about S-Corps and why it’s a good idea for business owners to move to that tax structure. In truth, they’ve gained traction following the pandemic, especially when everyone was after the PPP loans. However, before you go full-steam ahead on switching to a S-Corp entity, it’s important to understand the implications for your business.
The learning curve of passion-fueled businesses
People who start a business out of passion are often missing key information about running the business, as is the case with a huge number of cannapreneurs. As the number of states legalizing cannabis increases, so does the number of eager business owners who have a big learning curve when it comes to actually running their business.
What is Cash Recycling and Why Do Cannabis Businesses Need It?
Cash recycling is a modern approach to cash management that streamlines the cash handling process. Cash recycling machines not only make cash handling processes much more efficient, but they also add an extra layer of security. Cash recyclers increase security by reducing the amount of superfluous cash on site.
Important Takeaways from 4/20 for Cannabis Businesses
4/20 is, arguably, the biggest holiday in cannabis culture, drawing out everyone from daily smokers and tokers to the most casual of cannabis users.
As a cannabis business owner, you know that it’s not all fun and games, and that it takes work to plan for an event this big. Now that it’s in the rearview mirror, here are some lessons for improving future 4/20 events
So your state is legalizing marijuana...how can you prepare?
HOORAY, your state just announced it’s ready to take the leap and join the growing list of states who have legalized cannabis! Now is the perfect opportunity for someone like yourself, who has toyed with the idea of opening a dispensary, starting a grow operation, or creating cannabis-based products, to make their dream a reality.
Touchless Automation: How Cannabis Operations Are Joining The Latest Tech Wave
Is the cannabis industry growing as fast as technology is advancing? In today’s world, that’s hard to say — but this much is clear — cannabis and tech are joining forces like never before.
How Investing In A Cannabis POS And Inventory Management System Protects Your Business
Have you invested in a cannabis point-of-sale (POS) system yet?
When it comes to security for your cannabis business, it’s not just about protecting your physical product from outsiders. You also need to stop yourself from inadvertently breaking state and federal rules.
Before the cannabis industry started taking off, compliance and quality issues were virtually non-existent. Lab testing wasn’t even required!
Accounting Services You Need As A Cannabis Business Owner
Are you a cannabis business owner who still has a lot of questions, especially pertaining to finances and running your business? Don’t worry — you’re not alone. The cannabis industry is still budding, and you are, too.
Whether you’re already in the game or just starting out, questions are normal and even expected with ongoing changes in the law and a widening societal acceptance of cannabis.
5 Fatal Mistakes You Might Be Making As A Cannabis Business Owner
Is your cannabis business moving towards growth or total failure?
Growth or failure in your new cannabusiness all depends on how you start it, run it, and the attitude with which you do both.
Have you laid the proper groundwork to acquire and keep a license? Do you check the latest cannabis-related news at least monthly, if not weekly?
Bookkeepers, Accountants and Tax Preparers — How Your Financial Team Should Work Together
Are you working towards profit? If so, your business should be a well-oiled machine with automated financial workflows. For that to happen, you need an accountant and a tax preparer who can work together in harmony.
What you don’t want is an accountant VS tax preparer situation which could cost you more in the long run.
The Scientific Art of Cannabis Consulting: Cannabusiness Consulting in 2021
So you’ve finally decided to open your cannabusiness — now what?
The chances that you have someone in your network who has the expertise to guide you through best practices, regulations and operations for your cannabis business are practically zero.
While the cannabis industry is growing rapidly, it’s still fairly new.
Your Guide to an Efficient Cannabis Inventory Management System
Inventory management is a vital part of any cannabis business.
Efficient inventory management systems protect your business from becoming non-compliant, avoid significant fines, and keep money flowing in your business.
What the Pandemic Means for the Future of the Cannabis Industry
Make no bones about it, Covid flipped the world we all knew upside down. Your cannabis business likely saw a huge uptick in demand, which came with a slew of growth-related changes. From new business procedures, protocol, and more, you’re curious what long-lasting repercussions your business will face from the pandemic.