The Profit Insider

Insight to help you make the profitable business decisions

Getting started in the cannabis industry

The cannabis industry is diverse and profound. There are so many options on how you can get involved. Even if you don’t have a green thumb or want to work in a dispensary, you can serve the industry in other ways (ancillary). Over the past few years, ancillary jobs such as accounting, legal...

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​The real reason why entrepreneurs and startups should create business plans

You’ve got that million dollar idea, thought of the company name, designed the logo, are starting your social media campaign, and now realize you need investment. So what’s the logical next step? To create a business plan to get funding. A business plan should not be a means to an end, but a...

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Does your inventory not reconcile? Do you have shrinkage?

Is your inventory not reconciling?Inventory is one of the most valuable assets of any company, and inventory management must be taken seriously. Inventory managements starts with effective business processes around customer invoicing and ordering, vendor and order management, record keeping and...

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Building a Global Cannabis Brand? Here’s One Law You Need to Know

Many US brands are already working in the international cannabis market, through licensing their product/service to other countries. But beyond the glory of carrying an international brand, there are certain risks of taking your cannabis brand global. Barriers to entry are tough in a foreign...

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