Cannabis manufacturers face unique compliance challenges as the industry continues its evolution. By navigating constantly shifting regulations to a number of regulatory bodies who demand accountability, cannabis operators can easily lose track of new and changing guidelines. With so many agencies concerned with how cannabis manufacturers operate, cannabis is quickly becoming one of the most
If the old ways are now less effective, then what ideas and technologies are replacing them? Industry leading finance teams are using the following three approaches for achieving a timelier, higher quality analysis and reporting paradigm. Let’s explore each of the three new approaches. #1 Close Faster to Enable Real-Time Reporting The faster close has
The medical cannabis industry is in an unprecedented state of growth, so businesses operating in this space need scalable industry solutions that can grow with them as they expand. Medical cannabis operators with industry-specific business management software have the flexibility they need to widen their reach to include new territories and patients while also expanding
With the unprecedented expansion of cannabis in the U.S. creating a number of challenges for new operators in the industry, old-school accounting programs made for bootstrapped startups are no longer suitable for today’s cannabis manufacturer. Regulatory bodies that govern cannabis production and sales are regularly on the lookout for noncompliance while manufacturers and vendors continually
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