Cannabis businesses face unique financial challenges due to banking limitations and primarily cash-based operations. Federal regulations prevent many cannabis operators from using traditional banking services, forcing them to conduct transactions mostly in cash. This situation increases the risks of theft, makes accurate tracking difficult, and complicates cash flow forecasting. Effective cash management is crucial for…
DIY accounting has become a popular approach among startups and small businesses aiming to reduce overhead by managing their finances on their own. Handling accounting internally seems like a simple and cost-effective solution that gives business owners complete control over their financial activities. However, this article challenges that assumption by revealing the often-overlooked costs associated…
Child-resistant packaging is a foundational requirement in the cannabis industry, designed to prevent accidental ingestion by children while maintaining adult accessibility. Cannabis brands face stringent regulations mandating secure packaging solutions that protect consumers and comply with legal standards. The regulatory landscape for child-resistant (CR) packaging varies significantly across U.S. states. Each jurisdiction enforces specific rules…
