Accounting + Finance

For medical cannabis professionals, accounting and finance can be frustratingly complex, with few resources available. Best practices in accounting ensure a viable cannabis company. Discover how leaders in the field are addressing the full spectrum of financial issues, from cash management and point of sale systems, to cryptocurrency and choosing secure business software.


SHS Payroll LLC

The Incalculable Benefits of Outsourcing Cannabis-Related Business Payroll


Licensed Cannabis-Related Businesses (CRBs) in the U.S. face unique challenges due to federal barriers to banking, security concerns, and regulatory complexities. The majority of CRBs operate as cash-only businesses, exposing them to security risks and making compliance with federal regulations challenging due to the absence of a paper trail. Using a professional payroll service aware of the nuances of the cannabis industry is a critical business function, providing several distinct advantages contributing the long-term success of a CRB:

  1. Streamlined Compliance
  2. Expertise in Wage and Hour Laws
  3. Enhanced Security
  4. Cost Efficiency
  5. Focus on Core Operations

Download The Incalculable Benefits of Outsourcing Cannabis-Related Business Payroll

A Business Case for Diversity in Cannabis

According to a Marijuana Business Daily report, retail sales of medical and adult-use cannabis in the US could rise as high as $30 billion...
Joshua Radbod

Cryptocurrency: A Solution for the Cannabis Industry?

Joshua Radbod, a D.C.-based attorney and entrepreneur, is Co-founder/CEO of Avantpay. CannabizMD went to Josh to explore cryptocurrency as the solution for the complex...

Top Tips for Vertically Integrated Cannabis Companies

Are you thinking about jumping into vertical integration as a cannabis business owner? Covering all verticals (cultivation; processing and dispensary) can be very lucrative...

Understanding Cannabis Tax Laws

Federal Tax Law Compliance for Cannabis Businesses: Section 280E In 1961, the United States Supreme Court held that even income generated from illegal activity is...