Labor Compliance Updates: January 2024
Maine Maine Minimum Wage Increases to $14.15 Effective January 1, 2024, the minimum wage in Maine increases from $13.80 per hour to $14.15 per hour under an annual inflation adjustment…
Navigating Maine’s Retirement Evolution: A Guide for Cannabis-Focused Businesses
In January 2024, Maine is changing the retirement game for businesses with five or more employees that currently don’t offer a retirement plan. Administered by the Maine Retirement Investment Trust…
Tax Planning for Gig Economy Clients
Post-COVID, more people than ever are freelancing, finding remote work, or maybe they started a fashion blog, but no matter what the newest trend is, the gig economy is here…
Not Enough Canna CPAs
On the heels of the AICPA’s 2023 Agriculture and Cannabis conference, little improvement has been made in the cannabis industry in terms of accurate accounting and tax reporting. While the…
The Hidden Downfall of Skipping Yearend Inventory Counts
“I think our inventory is pretty spot on.” These are the famous last words we hear from every client we have ever brought on. It’s understandable as to why. Point…
Your Inventory is Drowning You – How Lack of Inventory Management is Costing You More Than You Think
“It’s the same with almost every client we work with” says Andrew Gervais, CEO of Cultivate Consulting and experienced cannabis inventory consultant. “We ask how their inventory management and counts…
Is Your Business Missing These Common Areas of Non-Compliance?
Human resources is a vital part of your business but one that’s often overlooked. As small businesses grow, we as owners tend to stay too long in the mentality that…
Cannabis and Crypto: A Love Story
As cannabis banking continues to be a struggle more and more owners are turning to creative strategies in order to avoid the proverbial “cash in the mattress” storage method. Physical…
5 Tips to Improve Year End Inventory (And Your Bottomline)
In the world of cannabis, nothing is more important to the success of your business than managing your two most valuable assets; cash and inventory. Inventory management isn’t just an…