The COVID-19 crisis has led to an unprecedented economic shock that has hit the foundation of the American economy the hardest, small businesses. In most states, only “essential businesses” are able to operate at this time leaving others shuttered and without much cash flow. Most people earn a paycheck from small business owners in this … Read more
If you are a cannabis business in the United States, then there is nothing that costs you more than this little rule. More than anything, it distinguishes the bookkeeping of a legal cannabis business from a regular legitimate business. It is what mostly makes it much more expensive to operate a legal cannabis business than … Read more
Long ago, entrepreneurs and would-be-millionaires flocked to California any way they could. They crossed continents, oceans, and jungles to get here in search of easy money. We are, of course, referring to the recently busted ‘Green Rush,’ which existed in a world before COVID-19, where maniacal enthusiasm in the potential of the legal cannabis industry … Read more
The legal cannabis industry is very new and was already in the ‘bear market’ before the coronavirus shut down economic activity across the globe. The shock caused to this industry may be felt even harder than most, mainly since this industry is ineligible primarily to receive the prodigious amounts of federal government aid being doled … Read more
The Coronavirus Pandemic has smashed into the global economy, with a kinetic force that is shaking developed economies to their core. It started in China, a key supply chain hub for much of the legal cannabis industry. The longest bull market in history ended abruptly as justified panic over the economic implications of the 21st … Read more
The year 2020 was already shaping up to be a brutal one for many privately funded cannabis businesses, and the nascent legal cannabis industry in general. The now idyllic promises from the “Green Rush” period seem childish in their naivete. The truth is, very few legitimate cannabis businesses have achieved sustainable profitability. Regulatory and tax … Read more
Every small business owner dreams of getting that one massive order that will put their business on the map, but what happens when the order arrives and you don’t have enough cash to purchase the raw materials to fill it? Small business owners in every industry, including the cannabis industry, face this issue every day. … Read more
Many small business owners sometimes have to work hard to manage cash flow to ensure that operational and maintenance costs are covered, payroll is made each month, and there is plenty of new inventory in stock for customers. Cannabis business owners aren’t unique in facing the challenge of managing their cash flow, but they do … Read more
It’s no secret that all small businesses have to work hard to manage cash flow to make sure that all invoices get paid on time, payroll is made each month, and operational and maintenance costs are covered. While the cash flow challenges are not wholly unique to cannabis business owners, cannabis business owners do face … Read more
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