Payroll
Even something as basic as paying employees can be more difficult for California cannabis companies. Many payroll and HR service providers simply won't work with plant-touching companies and will frequently drop them from service when they become aware of the fact. Even getting a bank account can be a difficult process, leaving some companies to deal entirely in cash. But California law requires that employees receive pay stubs which include 9 specific pieces of information, even when they are paid in cash. This makes paying employees and payroll taxes difficult for many fully-licensed cannabis companies in the state.
Record Keeping
California cannabis companies are required to keep personnel and training records for at least 7 years while regular business only have to keep records for 3-4 years. What complicates matters is that many providers of HR software that make collecting and storing employee records easier, won't work with cannabis companies or don't accommodate for the longer file storage requirements.
LOCAL CANNABIS
BUSINESSES STRUGGLE
WITH HUMAN RESOURCES
The cannabis industry is booming and with it, new job growth. But hiring and managing new employees is more difficult for licensed cannabis companies than regular businesses. Here are the top 5 reasons why cannabis companies struggle.
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