Financial Operations Insights, Guides, and Tools
Biotech Burn Rate and Runway: How to Build a Cash Forecast That Holds Up
We’ve all heard the expression “time is money,” but nowhere is it more meaningful than in biotech. In this industry, cash is the clock. Every dollar spent either moves a project forward or delays progress towards a milestone. Unlike most sectors, biotech startups often operate for years without revenue, underscoring the importance of understanding and managing cash burn and cash runway.
How Indoor Growers Can Set Up Financial Systems that Scale with the Harvest
The cannabis industry is enjoying explosive growth nationwide as most states have now either partly or fully legalized and decriminalized its sale and use. While we still have a ways to go, there’s no question that business is booming.
Tips for Managing Cash Flow and Inventory Across the NY Cannabis Supply Chain
Tight margins, regulatory and compliance mandates, and the rigors of the highly competitive New York cannabis market challenge operators on a daily basis. How you handle inventory across the supply chain can be a mitigating factor, as every decision affects the bottom line.
Longevity Clinic Accounting: What to Track Weekly (Revenue, COGS, Provider Pay, Cash)
Longevity clinics are a unique aspect of healthcare, combining personalized wellness and premium services that don’t resemble your typical medical practice. Most clinics offer a hybrid mix of memberships, a la carte treatments, diagnostics, and performance-enhancing services.
High-Level Guidance: How Cannabis Business Coaching Can Elevate Your Operation and Your Profits
If you are thinking about launching a cannabis business—or looking for ways to improve your current operations—cannabis business coaching can help you in many ways. Coaching delivers niche expertise and insight into what makes a cannabusiness profitable, helping you develop the mindset and best practices you need to succeed.
The Budget Process: A Step-by-Step Guide for Marijuana Businesses
Budgeting is critical to business success – perhaps even more so in the cannabis industry as operators grapple with tight margins, regulation, and stringent taxation. Budgeting enables better decision-making and helps business owners establish and track progress toward financial goals. Suffice it to say that with a firm grip on your budget, you’ll be on the road to financial stability in no time.
Budgeting vs. Forecasting: What is the Difference?
Budgets and forecasts are integral to efficient business financial planning. Each process supports decision-making, helping you plan for the future and align strategy to business goals.
Understanding Debt Financing in the Cannabis Industry: The Ultimate Guide
Cannabis businesses are inordinately challenged to obtain financing. Traditional lenders are unwilling to take the risk, and stigma remains due to federal restrictions in this highly regulated field. That said, some lenders understand the unique dynamics of the industry, opening doors to growth through debt financing and allowing cannabis operators to obtain the capital they need without sacrificing business equity.
How to Raise Capital for Your Cannabusiness
Access to capital is the lifeblood of any cannabis operation. Finding investors is the first step. Accurate financials, a compelling brand story, and concrete plan for the future are just a few of the elements you need to win investors over. We walk through the essential steps and opportunities you need to consider for raising cannabis capital.
High Profits, Low Cash? Welcome to the Cannabis Biz Paradox
Cannabis accounting is complicated! But if you’re perplexed about the lack of cash on hand—despite running a profitable business—it’s a conundrum you need to solve.
Today, we’ll dive into the differences between cash flow and profits, deconstruct the paradox, and provide actionable tips to help you manage both like a pro.
Keep the Green Flowing: Top Cash Flow Tips for Cannabis Businesses
If your cannabis business struggles with cash flow, it’s only a matter of time before it will all catch up to you. But take heart—many cannabis operators are similarly afflicted, so you’re not alone. And let’s face it: running any kind of business is hard. But the cannabis industry is particularly challenging for reasons that are no fault of yours. Regulation, compliance, and 280E taxation are just a few reasons why profits are scarce. Adding to the challenges, competition is fierce, suppliers are scarce, and inflation is affecting every aspect of day-to-day operations.
Surviving the Squeeze: What Oklahoma Dispensaries Can Do About Price Compression
Oklahoma’s cannabis industry is in a crunch. With one of the most open licensing systems in the country, the state saw a flood of dispensaries open in record time. But now, many operators are facing a harsh reality: prices are plummeting, margins are razor-thin, and competition is more intense than ever. Here are five strategies Oklahoma dispensaries can implement today to survive price compression—and even thrive in it.
Understanding Your Cannabis Business Cash Flow
Understanding your cash flow is essential to satisfying financial commitments—and it’s the first thing investors and lenders want to see before getting involved. For these reasons, reviewing your cash flow statements and performing cash flow forecasts regularly is vital. Read our guide to cash flow best practices for cannabis businesses.
Four Cash Flow KPIs Dispensaries Must Track
Cash flow is the lifeblood of dispensaries. Tracking cash flow and cash flow KPIs can help you stay on top of your shop’s performance. Here are the four KPIs every dispensary must track.
7 Innovative Ways to Improve Cannabis Cash Flow
If your cannabis or hemp operation’s cash flow could use a little reinvention we’ve got a few creative tips to help you move it in the right direction.
Seven Strategies to Reduce Cannabis Labor Costs
Unlocking Capital for Hemp CPG Brands: A New Era of Financial Opportunity
A new lender is offering robust working capital loans to hemp CPG brands. Check out the terms and qualifications to see if your hemp brand qualified.