Choosing technology partners is one of the most critical business decisions in the Cannabis sector. The wrong solution can derail your compliance, while the right one provides peace of mind and drives profitability. In this post, we explore how Monarch has become a trusted partner for end-to-end cannabis compliance. Built for Cannabis from the
The legal landscape for CBD products in the U.S. is in constant flux, challenging Cannabis businesses to keep pace. Behind the rapid growth sparked by the 2018 Farm Bill, there lies a labyrinth of changing regulations, testing standards, and labeling rules. Furthermore, each state has its own stance on production, sales, and product allowances which
Introduction: Cannabis businesses must meticulously track their activities and inventory to remain compliant and optimize taxes. With frequently changing regulations across different states, keeping accurate records is both critical and challenging. Monarch offers powerful document management capabilities purpose-built for the needs of the cannabis industry. The Compliance Burden of Records Management Meticulous record-keeping is required
For newly legal cannabis companies, tax compliance often feels like wandering through a dense jungle filled with pitfalls. Complex regulations, high tax rates, and the IRS 280E provision result in maze-like accounting needs. Without the right guidance, missteps can lead to major fines, lawsuits, or even the closure of your cannabis business. Fortunately, with the
Imagine this: You've spent the day meticulously tending to your cannabis business, assured in knowing that your customers' transactions are as seamless as possible. But then, everything grinds to a halt. Your debit network shuts down, abruptly disrupting your cash flow and customer service. With this image in mind, let’s delve into the nuances of
There's often confusion when it comes to understanding the nuances of payment processing, especially in the cannabis industry. The intricate blend of federal and state regulations, coupled with technological considerations, can weave a labyrinth that even the most seasoned industry professional finds hard to navigate. A case in point: PIN debit payment systems. On the