QB Power Hour: Niche Nuances - Cannabis and CBD Industry
Recently Michelle Long, CPA, MBA and Daniel DeLong at QB Power Hour invited me for a guest appearance on their live show!We covered niche nuances with a specific focus on the cannabis and CBD industry.
Cultivating Loyalty: Growing Your Cannabis Business Through Customer Retention
Cultivating Loyalty: Growing Your Cannabis Business Through Customer RetentionLet's be real — a thriving cannabis business isn't just about having the highest quality products. It's about the people who keep coming back for more.Loyal customers keep your business afloat and they do more than simply providing steady revenue. When they become superfans, they refer their friends to you. And, cultivating loyalty is not just about feeling or sharing the love. It can grow your profits and put you on the fast track to a flourishing future.You already know that investing time and energy into fostering loyalty is a good idea. So today, we’re sharing actionable tips and strategies to help you do just that.
You Need Accounting Services If You Own A Cannabusiness
Do you operate a cannabusiness but still have questions about how to manage your funds and run your company? You're not the only one! You and the cannabis business are both still in their infancy - you can expect to have lots to learn.
With continual law changes and a growing acceptance of cannabis in society, questions are totally understandable (even anticipated) whether you're an experienced business owner or not.
Founders of passion-driven businesses have a lot to learn!
When ambitious people start a business based on something they care deeply about, they’re often missing critical information about running an effective business—and this is the case for many cannapreneurs. As more more states legalize cannabis, the number of would-be-business owners (with plenty of critical business skills to learn) in the cannabis space will increase, too. As the saying goes, “you don’t know what you don’t know.” That’s why a step-by-step quick-start guide to starting and running your own profitable cannabis business is vital!Ready to dig in?
Cash Recycling: A Must-Have for Cannabusinesses
By now you probably know that cannabis businesses are cash heavy—especially dispensaries. Managing that cash doesn’t have to follow old-world best practices. Instead, there’s a modernized approach to managing your cash that’ll make your cash handling process smoother than silk. Introducing cash recycling! Cash recycling machines make your cash handling processes significantly more efficient and secure by reducing the cash you keep on-site.
How Cannabis Businesses Are Embracing The Latest Tech Revolution With Touchless Automation
Should automation procedures be used by all cannabis businesses? No and yes. The answer is as nuanced as the cannabis market.
While larger firms should automate wherever possible, it may not be an absolute must for small businesses. Long-term quality control benefits of automation for cannabusinesses are greater the earlier they’re put in place.
How to be Ready When Your State Legalizes Marijuana
Light up and celebrate! Picture this: Your state has just declared that it is prepared to take the plunge and legalise marijuana, adding to the growing number of states that have done so. Whether this is your current reality or something you’re hoping is in the near future, it’s time to get ready for legalization. If you have considered launching a grow operation, opening a dispensary, or developing cannabis-based goods, this is the ideal time to take the plunge.
How Cannabusinesses Can Make the Most of 4/20
The biggest cannabis holiday is arguably 4/20, and it attracts everyone from regular users to those who only occasionally partake.
Cannapreneurs already know firsthand that organizing and making the most of such a large (and fun!) event is not a walk in the park. So why not learn from previous years and plan to make the 4/20 events of the future the best yet?
To make planning for 4/20 just a little easier, I’ve gathered a few of the biggest lessons I’ve found for you.