Month: May 2023

Why is Federal Bankruptcy Not Allowed for Cannabis Businesses

The cannabis industry faces unique challenges when it comes to financial management, including the inability to discharge debt through federal bankruptcy due to marijuana’s federal illegality. This issue is a significant concern for cannabis businesses, as it can make it much more challenging to manage debt and financial obligations effectively.…
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The Benefits of Having an Expert Cannabis CFO and Cannabis CPA Firm

Operating a business within the cannabis industry is no easy feat. It requires expertise, experience, and an understanding of the laws and regulations in order to be successful. That’s why having an expert cannabis CFO firm can be so beneficial for cannabis dispensaries, manufacturers, and growers. With fractional part-time services,…
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Mergers and Acquisitions are the New Normal in the Cannabis Industry

The legalized cannabis industry is seeing a new wave of mergers and acquisitions, with companies like MSO’s and publicly traded takeovers from Canada leading the charge. When this happens, you need to have an experienced exit strategist on your side to make sure that your business interests are protected.   …
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How a Financial Plan Can Help Cannabis Businesses Reach Their Goals

A financial plan is a document that outlines an organization’s financial and operational goals. It also defines key performance indicators (KPIs) and assigns responsibility for achieving them. A well-crafted financial plan can help cannabis businesses reach their desired targets. Let’s take a closer look at how this works.    What…
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