Perfecting what you do and how you do it is the key to business survival today. This is especially crucial in an industry hinged upon rapid changes, stigma, and legal restrictions. Today the cannabis manufacturing market is worth a massive $16630 million as demand for the cannabis plant and its products continue to rise.
As a cannabis accountant, I talk with many new cannabis business owners who have worked extremely hard to get their license but then need lots of help with the actual running of their business.
If you’re fielding calls from cannabis business owners, you may have discovered that they have a written business plan but don't always understand how to use it. Other times they're wading around in their finances without understanding how to maximize their profit, pay appropriate taxes, and read what the numbers in their books mean for their overall profitability.
Because so many new cannabis business owners have lots of questions I've pulled together the common ones I hear so you can help prospective clients understand the ways accounting professionals can support their businesses.
The Services Your Cannabis Business Needs
When a cannabis business owner asks you anything related to the services they might need, remind them that they want to keep their money clean and focus on efficient scaling. To do so, they're going to need professional help from:
A consultant, who will fulfill their license requirements and increase their chances of getting approved to open a cannabis store (Read more here).
An attorney, who will assist them with compliance regulations and help in real estate, intellectual property, and trademark matters (Read more here).
A security company to protect their cash and inventory, which they will likely have to keep onsite.
A bookkeeper, accountant, and tax preparer to get insight into the most critical area of their business — the finances. Read more at https://thecannasuite.com/
Are you looking for the best cannabis accounting firm?
Here the Greenbooks offers you the best tax planning strategies, financial plans and other accounting services.
Our experienced team will help you in all financial issues.
Contact us for more information.
There are several marijuana delivery apps that have set a benchmark for the cannabis dealers wherever it is legal.
Working with one of the best cannabis software, we know what most businesses want in their delivery applications.
If you are looking for an app to scale your cannabis delivery system, look for these things.
PCI Complaint Many businesses face PCI compliance issues once they start a delivery app.
An app should be PCI compliant to accept purchases on the go.
It should be customizable as per the requirement.
Cannabis Staffing Group is a cannabis-specific staffing agency committed to connecting top talent to opportunities in the cannabis industry.
