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...
Although marijuana is legal in specific states, it is still considered illegal under Schedule I of the Federal Controlled Substances Act. Because of this, many cannabis businesses continue to struggle with everyday operations like securing trusted banking relationships and legally paying their staff. Finding a trusted provider is an additional...
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...
With an employee turnover rate of 40 to 60 percent (in the first two months of employment), it’s no surprise that employee retention continues to be a significant challenge in the cannabis industry. While new hiring strategies help attract and find the right talent, there is always a gamble that...
Cannabis business owners and operators face a hiring challenge that is two-fold. First, finding the right employees who are passionate about the industry is an ongoing struggle, and second, the industry continues to be highly regulated in all aspects of owning and operating a cannabis business. Recruiting and hiring comes...
Anyone can write a job description. But, if careful thought and consideration isn’t put into crafting a description, you and your hiring team may find yourselves sifting through applications and resumés of unqualified candidates. Whether filling an existing position or adding a new position, an effective job description that attracts...
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...
The highly regulated cannabis industry is plagued with employee turnover. Employees tend to stay at a company that offers competitive salaries, benefits, training, a healthy corporate culture, and professional development opportunities. Unfortunately, cannabis businesses often struggle with some or all these offerings, resulting in short stints of employment. Cannabis business...
Jim Valenzuela, Phoenix-based executive and former CEO of a national HR solutions provider acquired by Paychex, launches OROleafhr, a full-service provider of legal and HR services to cannabis companies. “The cannabis industry faces unique payroll and HR challenges,” says Mr. Valenzuela, Founder and CEO, OROleafhr. “Our advanced technology, and industry experts...
Cannabis businesses continue to be challenged with employee training. Employees are needed at all times to be productive, and training is often seen as time away from performing a job. Not only that, but there are no universal standards for training employees, so managers are stuck creating their own training...