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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.
Top 5 Financial Mistakes NY Dispensaries Make (and How to Fix Them)
Running a NY dispensary? Don’t let these 5 common financial mistakes kill your profits or trigger an audit. From 280E missteps to messy inventory, we break it all down—and show you how to fix it.
The AP Process: A Step-by-Step Guide to Accounts Payable
Your Accounts Payable process makes all the difference in ensuring your business finances are in order. Staying on top of AP means you’re never behind on bills or payments, helping you build trust with your suppliers and ensuring strong vendor relationships.
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.