Running a dispensary with cash lying around is not a good sign. It is very risky since even one robbery could bring you to a position where you have to shut down the business. We discussed about banks and financial institutions do not feel comfortable opening a bank account of marijuana business. Although, the business between banks and marijuana dispensaries is not prohibited in the federal law, most of the institutes do not want to conduct business with marijuana business unless medicinal marijuana is legalized. It is simple to understand that marijuana business has a lot of problems because of absence of bank accounts and other services, but the safety and proper management of their funds can be ensured in some ways. Dispensary accounting services are an important factor to understand legal requirements and keep your business safe and running.
If you are using any dispensary accounting services, there is a fair chance that you could open a bank account for your business. If there is a problem opening the account, you can learn necessary skills, tips and tricks to ensure survival of your business from the dispensary account service that you have hired. The accountant you have hired can also help you to understand the legal obligations of running a marijuana business. He can also give you information about how and where you can put your cash without getting into any legal trouble.
If you are wondering how to open a medical cannabis business, then take our cannabis business workshop at California college for cannabis, in San Diego, Pasadena and Sacramento; Our attorneys and industry leading network of professionals will be hosting a to go over all aspects of cannabis business licensing, start-up and operation.
At 420 College – it all begins with helping YOU to understand what is proper, lawful and appropriate!
Our hands on medical cannabis business start-up seminars or one-on-one consultations are perfect way to get started!
You get an intense 2 days of advanced information about how to start and operate a medical cannabis business in California. Find out how 420 College 2 DAY seminars can help you in your business, click here.