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.

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SHS Payroll LLC

The Incalculable Benefits of Outsourcing Cannabis-Related Business Payroll

Introduction

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

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