Financials

The 15th is for Financials

The 15th is for Financials

The cannabis industry is not new. What is new is that cannabis is legal, in some form, in 47 states. The ever changing, highly regulated, complex industry that has emerged with legalization is new. Business is still being conducted in cash and the black market continues to thrive. Otherwise, cannabis businesses are the same as any other organization; hiring employees, purchasing insurance, leasing property and equipment, generating revenue, incurring expenses, paying taxes, etc. Like other businesses, cannabis CEO’s are obligated to be fiscally responsible and to have a thorough understanding of the financial health of their grow/farm/processing facility/dispensary/delivery service.