Improving the Natural Resiliency of Your Cannabis Business: Successfully Manage Cash Flow

Improving the Natural Resiliency of Your Cannabis Business: Successfully Manage Cash Flow

webinar-cannabis-on-demand

In the current business climate, Cannabis companies have a strong, natural advantage over firms in other industries. Across the United States, weed is selling like toilet paper. Most cannabis firms have little or no debt. Many operate exclusively on a cash basis. Consequently, the majority of cannabis businesses are well-positioned to thrive, provided they do one thing – manage cash flow.

Cash flow management is the art of analyzing, negotiating, and balancing payments against receipts. Although it sounds simple, most companies don’t do it very well. According to a study performed by Jessie Hagen of the U.S. Bank, 82% of businesses fail because of poor cash management.

One focus of the Webinar will be on improving the order-to-cash process of receiving and processing customer orders. While no one company can eliminate all the work, partners such as CohnReznick, Jitterbit, and Top Right are here to help prospects better understand how to improve and streamline cash flow management.

Why Attend?

As an attendee of our joint Webinar, you will discover new approaches to managing cash flow. You will be better informed about how to collect receivables and plan payments. You will be better able to enjoy the good times ahead.

Go to the webinar