It’s hard to keep track of everything that is necessary to worry about when you open up a cannabis dispensary.
I had plenty of money and a lot of investors when I decided to use some of my music business money to open a cannabis dispensary. Unfortunately, I didn’t really know a lot about how to run the business. I had to get a business manager to talk me through the entire process. There were a lot of things that I didn’t anticipate and money kept going out the door. When it came time to hire a payroll company for the cannabis dispensary, I told that business manager that it was not necessary to have an expensive cannabis dispensary payroll company to pay their employees. I had been paying employees for a long time and I was happy to write checks each and every week. It took about 6 months before I had a whole week of mistakes and that made me realize I had to hire a professional payroll and accounting company to help with the cannabis dispensary. The payroll company handles everything that has to do with the employees and it actually makes my life a lot easier. They deduct for all of the insurances and even send out the necessary tax forms at the beginning of the year. I don’t have to do anything at all except approve the invoice that includes all of the amounts for the check for the employees. I was probably spending about 6 hours a week trying to get the payroll done and now it takes me 6 minutes.