In our growing accounting practice, we have clients from California to Maryland covering canna companies from cultivation, manufacturing, distribution, storefront and delivery companies. In many states that have legalized cannabis, either medical or recreational or both, licenses are provided to companies who have the skills, experience and financial resources to have an integrated supply chain by owning nearly all of their supply chain.California and Oklahoma legislation is different. In these two states, licenses were provided to applicants for either cultivation, manufacturing, distribution, storefront or delivery. In some cases, applicants have picked up a number of licenses to be able to control more of their supply chain, but most did not.This decentralized marketplace, at least in these two States, have created thousands of small businesses, some of which are doing very well economically but most are failing. These two states have markets that are flooded with suppliers and while demand is catching up to the supply, it still is far short during some periods of the year.
As many of you know, many cannabis companies do not like to have information about their business exposed. Many are coming from the illegal markets, most are scared about having business information available for taxing authorities, many don’t understand what exposure of information could mean and many are just simply private in nature. In this article, you’ll learn about one of our clients but for client confidentiality reasons, we will only refer to them as Company ABC.
Company ABC is an extremely successful family-owned cannabis delivery companyin the Central Coast of California. They started several years ago and have built up one of the largest fleet of vehicles. The pride themselves in customer service and logistics allowing minimizing the delivery times to their customers from the moment the order has been placed and paid for vs delivery. They are considered a super-star delivery company.
In our growing accounting practice, we have clients from California to Maryland covering canna companies from cultivation, manufacturing, distribution, storefront and delivery companies. In many states that have legalized cannabis, either medical or recreational or both, licenses are provided to companies who have the skills, experience and financial resources to have an integrated supply chain by owning nearly all of their supply chain.California and Oklahoma legislation is different. In these two states, licenses were provided to applicants for either cultivation, manufacturing, distribution, storefront or delivery. In some cases, applicants have picked up a number of licenses to be able to control more of their supply chain, but most did not. This decentralized marketplace, at least in these two States, have created thousands of small businesses, some of which are doing very well economically but most are failing. These two states have markets that are flooded with suppliers and while demand is catching up to the supply, it still is far short during some periods of the year.
As many of you know, many cannabis companies do not like to have information about their business exposed. Many are coming from the illegal markets, most are scared about having business information available for taxing authorities, many don’t understand what exposure of information could mean and many are just simply private in nature. In this article, you’ll learn about one of our clients but for client confidentiality reasons, we will only refer to them as Company ABC.
Company ABC is an extremely successful family-owned cannabis delivery companyin the Central Coast of California. They started several years ago and have built up one of the largest fleet of vehicles. The pride themselves in customer service and logistics allowing minimizing the delivery times to their customers from the moment the order has been placed and paid for vs delivery. They are considered a super-star delivery company.