Managing Cash
Guest: Rick Linsday. The colossal problem of managing a business in a cash-only industry brings unique challenges. Federal prohibition of cannabis prevents businesses from: banking, buying insurance, and offering employee pension plans.. There is some allowance to permit state banking regulation for cannabis businesses, however. The rules are burdensome and strict, therefore, banks grapple with imposing disincentives. The ultimate result – this leaves businesses with cash on-hand; making paying bills and renting difficult. How do does a business manage an all cash existence?
Find more at: https://w420radionetwork.com/s2-e10-managing-cash-electronic-checking-for-cannabis-cbd-for-pets-traveling-with-cannabis/
