May 29, 2020
Dispensary Best Practices Checklist for Transitioning Out of COVID-19
As the disruption of COVID-19 begins to enter the reopening phase, dispensaries must be ready to meet existing and new requirements. It’s time to put in place plans for how you will transition out of COVID-19 and propel your organization forward. Here’s a checklist of simple dispensary best practices that should be implemented now for …
May 22, 2020
10 Compliance and Safety Questions Every Cannabis Company Should Ask
Compliance and safety have always been tremendously important for cannabis companies, and the disruption that COVID-19 has brought to the industry has just increased this importance. We have assembled 10 key compliance and safety questions that every cannabis company should be asking themselves. 1. Have I determined which state and local agencies oversee my operations? …
April 24, 2020
FP&A Plays a Critical Role for Cannabis Companies During COVID-19
During the current COVID-19 disruption, cannabis companies are relying heavily on analysis and reports from their financial planning and analysis (FP&A) teams to make crucial business decisions. Some are making decisions on a weekly or even daily basis due to market changes or new legislative measures. Needing to pivot quickly is not uncommon, as the …
Safety and Efficiency: What California Cannabis Dispensaries Need to Focus on During COVID-19
California cannabis dispensaries are in a unique position during the COVID-19 shelter-in-place orders because, in most local jurisdictions, they have been marked as essential businesses and are allowed to operate, albeit with increased local rules and regulations such as social distancing. Businesses often see sharp declines during times of crisis, but there are many that …
April 21, 2020
How Cannabis Investors Can Minimize Their Risk
With the disruption of COVID-19, minimizing risk is more crucial than ever for cannabis investors. They need to look closely at the businesses they invest in to make sure they have a strong operational framework and the right controls and technology in place to adapt quickly to an ever-changing environment. Here’s a quick look at …
April 20, 2020
Ready Your Cannabis Business for COVID-19 and Beyond
The cannabis industry continues to grow despite COVID-19. With that growth comes the pressure to adapt, respond and comply. Learn about the steps your cannabis business can take to ensure it thrives now and is ready for the future. The cannabis industry continues to grow despite COVID-19. With the constant demands on the industry to adapt, respond and comply, it’s important to make sure …
April 1, 2020
COVID-19 and Federal Assistance for the Cannabis and Hemp Industry
These past few weeks have been challenging for all of us, including cannabis and hemp companies, which are no strangers to the ups and downs of market conditions. As COVID-19 has become more widespread, many states have declared these businesses “essential services” and allowed them to operate under some restrictive guidelines, including social distancing and …
August 3, 2019
Come Out of COVID-19 Stronger With Improved Internal Controls for Your Cannabis Business
Blog updated May 21, 2020 Internal controls are processes designed to ensure the reliability of a company’s financial reports, the effectiveness and efficiency of its operations and its compliance with applicable laws and regulations. They are a must for every organization but especially so for cannabis companies, because they are also a benchmark to establish …