ā¢ A strong finance and accounting team is key for any business to see success, especially in the cannabis industry. Without federal legalization, most banks want nothing to do with cannabis businesses that can't be FDIC insured. This leads many businesses to be cash heavy, which only increases the chance for accounting errors or fraud.Ā Ā One way to ensure your organizations accounting is in check, is to hire the proper people. Owners tend to neglect accounting and finance as an afterthought which can be detrimental Ā to the business. Just because you have QuickBooks does not mean you are a bookkeeper. When you find the right person for your business, make sure to pay them properly. Having up-to-date software is another key for a company to have success when it comes to accounting and finance. Ā Accounting and finance are not to be overlooked. When was the last time you looked at the finances of your company and did you understand what you were looking at? Do you have proper oversight when it comes to accounting? These are the kinds of questions you should be asking yourself. Check out more tips on finance and accounting right here.Ā | 
