Read Our Blog
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.
The Essentials of Cannabis Inventory Accounting, Procedures, and Controls
Understanding inventory is essential for cannabis operators as it is intrinsically related to regulatory compliance and taxation. The complexities can be monumental as state reporting requirements are stringent and largely dictate how inventory must be reported. Companies can find some relief by capitalizing some assets under 471(c), but this approach can be risky.
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.
Manufacturing KPIs to Track for Financial Success
Efficiency is the bedrock of cannabis manufacturing success. Costs are rising, regulatory frameworks are evolving, and supply chains are becoming more fragmented. Overcoming these challenges requires meticulous planning, tracking, and analysis of key performance indicators (KPIs).
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.
