Budgeting & Forecasting for Cannabis Businesses

CFO Perspective: Budgeting & Forecasting for Cannabis Businesses   Budgeting & Forecasting for Cannabis Businesses: This webinar was originally hosted by Cannabiz Connection on August 7, 2018.  Learn effective steps for creating, using, and staying on track with financial budgets and forecasts. Great for those planning, starting, or currently operating a medical cannabis business! Check…

Provisioning Center Sales Tax Collection

Provisioning Center Sales Tax Collection – Why & How

Provisioning Center Sales Tax Collection – Why & How   Since January 2018, provisioning centers in Michigan legally operating under the state’s Medical Marihuana Facilities Licensing Act  (MMFLA) Emergency Rules must collect sales tax. The requirement was released in a notice by the MI Department of Treasury.  The notice focuses directly on the Medical Marihuana…

Be Compliant –Message to Unlicensed MMFLA Applicants

Be Compliant –Message to Unlicensed MMFLA Applicants   Today’s Michigan LARA MMFLA Licensing Review Board Meeting had a strong closing message.  Businesses who are in the licensing process need to be compliant in all respects in order to have their license approved.   Michigan’s MMFLA licensing process has seemed to be delayed over the last…

Responding to MMFL Financial Deficiencies

Five Tips for Responding to MMFL Financial Deficiencies Applicants for a Medical Marihuana Facility License (MMFL)  in Michigan will need to overcome several hurdles in the application process.  After submitting and receiving feedback on the application, the last thing an applicant wants to hear is that they have deficiencies or additional information that is being…

Understanding Accounting for Leases

Understanding Accounting for Leases   Accounting for Leases for Business Owners Lease accounting can be tricky.  New accounting standards require a lease to be recognized on the balance sheet as an asset and a liability.  This can can present many challenges for businesses in determining the right steps in accounting for leases.   At face…