IRS Tax Code Section 280E is one of the biggest challenges for the cannabis industry, causing an increased tax burden for cultivation facilities, medical marijuana manufacturers, dispensaries, and retail stores. Even cannabis-related businesses that do not directly interact with the product are often subject to Section 280E. With so much...

While many states have legalized cannabis for medical and/or recreational use, it’s still considered illegal at the federal level. Due to this, cannabis-related business owners continue to be challenged with operating their businesses. Securing banking relationships to support business practices like payroll and benefits and complying with IRS Tax Code...

Cannabis employers are working more than ever to create a healthy work environment, support a safe and productive workforce, and protect their own business from additional risk. If you’re working with an HR provider, they should be assisting your business with fulfilling the areas above and providing you with COVID-19...

Maintaining compliance is an ongoing challenge for cannabis dispensaries and retail stores as each state has different regulations that frequently change. Fortunately, many mistakes and violations that occur can be avoided if owners and managers work to stay ahead of issues before they become unmanageable and unlawful. Learn the top...

With the current state of cannabis banking, businesses have little to no access to financial services forcing many dispensaries to operate as cash-only, which opens up its own Pandora’s box of problems and risks. A number of lawmakers have proposed a solution to the cannabis banking situation —the Secure and...

Until lawmakers help remove banking restrictions and regulations like the SAFE Act are passed, cannabis businesses will face ongoing banking challenges. But, that’s not stopping the cannabis industry from expanding. Cannabis and cannabis-related businesses continue to find workarounds and alternative options—often settling on running cash-only businesses. Startup cannabis businesses, for...

Cannabis businesses continue to struggle finding the banking and financial support needed to open deposit accounts, secure loans or lines of credit, and manage payroll. Without the proper banking relationships, dispensaries are also unable to accept checks or credit cards for sales transactions. A number of institutions have started working...

The annual return on investment from using a Professional Employer Organization (PEO) = 27.2% (This is based on calculating cost savings for PEO clients in the areas of: HR personnel costs, health benefits, workers’ compensation, unemployment insurance, and other related expenses. – NAPEO Sept 2019) Introduction Ensuring your business thrives in a competitive...