Cannabis Cash Dilemmas, Essential Tech Skills for Entrepreneurs, and Choosing Community over Stocks
Making Green With No Place To Store It
Cannabis growing entrepreneurs are projected to earn $5.2B in revenue next year as recreational marijuana use becomes legal. The state of California stands to collect about one billion dollars in accompanying taxes. This all sounds good except because of its ambiguous legal classification, banks risk losing their federal charter forcing marijuana businesses to operate solely on cash.
This creates two issues: (1) financial, owners have to purchase safes, guards, and other security systems and (2) public safety concerns, issues may arise when storing large amounts of cash in known areas. Although with Trump’s desire to loosen the belt on banking regulations, this may indirectly benefit the cannabis industry by making it easier for them to work with banks and credit unions.
Skills Pay The Bills
In most businesses, owners have to juggle multiple roles involving sales, management, marketing, operations, finance, and more. However, in today’s day and age, it is highly advantageous to invest time into learning how to maximize the potential of technology. Here are 5 technical skills that can make a huge difference:
SEO and Internet Marketing – These days rankings are all that matters. Learning how to increase your position on Google and run digital campaigns can mean exponential growth
Excel – An extremely powerful spreadsheet tool, there’s a reason why excel is used by almost all companies large and small
Wordpress – Ideal for building a website or launching a blog, Wordpress gives owners the look and feel of a polished website without the technical know-how
HTML – Of all the coding languages, HTML is one of the simplest yet most effective when talking about possibilities of what owners can do online
QuickBase – Ideal for any business that works with data, QuickBase is a no-code platform that allows businesses to process data or build business apps with ease
Forget Stocks, Sell Coffee
Ajay Brewer, a native of Richmond, Virginia, quit his job as a stockbroker in 2014 and started a coffee shop in 2015. The reason behind the shift? He initially got into accounting to help people but said the idea of living his life to help wealthy people earn even more money was something that wasn’t personally satisfying. Now he spends his days working with and serving friends and guests while promoting growth within the community. Read more about Ajay’s