Without a doubt, compliance is one of the top challenges facing the cannabis industry. And laws and regulations affect more than just one area of an operation; they affect employee hiring and termination practices to data security and customer privacy, to product sales and packaging. Not only do cannabis businesses...
The cannabis industry has grown exponentially over the last several years. As more states are legalizing recreational and medical marijuana, more and more grow rooms and dispensaries are popping up around the country. While the industry is certainly growing rapidly, the size of the cannabis businesses, i.e., number of employees,...
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...
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...
It is estimated that by 2025, federal legalization will create $128.8 billion in additional tax revenue and 1.63 million legal cannabis jobs in the U.S. — Cannabis Industry Journal Introduction 2019 was an incredible year for the cannabis industry. There were numerous mergers and acquisitions, multi-state expansions, new state licensing, and a...
On average 22% of new hires leave their job within the first 45 days of employment, which could cost up to 20% of their salary to replace.. - Forbes Introduction High employee turnover continues to be prevalent in the cannabis industry, resulting in businesses constantly strategizing on how to improve retention. While...
Studies show the number of marijuana dispensaries reached nearly 7,500 across the country in 2019, with sales for recreational marijuana alone hitting $7.3 billion. - Kisi Introduction The cannabis industry has grown exponentially over the last several years. As more states are legalizing recreational and medical marijuana, more and more grow rooms...
Headset, an analytics service provider for the cannabis industry, recently released a report titled The Revolving Door Factor: The Impact of Budtender Turnover in the Cannabis Industry, which analyzed cannabis stores through a direct integration to their point-of-sale system for the states of Washington and Colorado. The report looked at...