Upper-level turnover has catastrophic impacts on a cannabis company’s ability to compete in the industry. Luckily, offering retirement benefits at your cannabis company can prevent management turnover.
As more and more companies in the cannabis industry consider implementing retirement plans they should be aware of a few important deadlines, both in the retirement planning space and with regard to state mandates.
As the cannabis industry continues to expand and grow, it's vital to understand how to properly classify your employees and run your business with reduced risks of lawsuits.
This article is designed to share expert insights on three of the most common questions regarding retirement plans for cannabis companies.
Three of the major issues cannabis organizations currently struggle with include limited access to financial support, high employee turnover, and extensive tax regulation.
Given how few financial institutions are willing to work in the cannabis industry, many cannabis companies are unaware that they can legally offer retirement benefits to their employees.
Employee benefits play a major role in attracting and retaining workers. With the Coronavirus Pandemic leaving millions without jobs, and weed considered essential, cannabis companies needs to consider their benefits packages.
Considering the cannabis industry is growing at a faster pace than most, the pain of hiring is even more acute for cannabis firms.
For the first time, Cannabis companies across the country can add a 401(k) Plan to their employee benefits package thanks to the efforts of a group of financial, legal and retirement industry veterans including Leading Retirement Solutions.