In the highly regulated cannabis industry, fulfilling human resources activities is often an uphill battle. Not only do the ever changing laws and standards impact an operation’s success, the continued stigma in the industry adds an extra obstacle for cannabis businesses. In order to stay focused on running a business,...

The Marijuana Business Factbook reports that the estimated number of full-time workers in the U.S. marijuana industry was between 175,000 to 215,000 in 2019. The report projects this number will more than double by 2023. As the cannabis industry continues to progress, the demand for hiring employees to ensure operations run...

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...

On December 4, 2019, four federal agencies - in conjunction with the state bank regulators, issued a statement clarifying the legal status of cannabis growth and production under the Bank Secrecy Act (BSA) for banks providing banking services to cannabis-related businesses. The statement emphasizes that banks are no longer required to...

Cannabis companies can’t claim deductions on their year-end tax forms. In 1992, Congress enacted section 280E of the Internal Revenue Code which states that deductions and credits are not allowed for any expenses paid during the tax year for business activities that involve the sale of controlled substances, which includes...

Access to financing, tax codes, and compliance are just a few of the obstacles cannabis businesses are facing in this period of growth in the industry. They also tend to be the top three HR challenges cannabis business face, and they often demand additional resources, attention and education. Banking With cannabis currently...

As of June 25, 2019, thirty-three states and the District of Columbia currently have passed laws broadly legalizing marijuana in some form. Click here for a map which shows current state laws and recently-approved ballot measures legalizing marijuana for medical or recreational purposes. States with limited medical marijuana laws, such as...