Many cannabis businesses such as dispensaries, manufacturers, and cultivators tend to have a lot of cash on hand due to a lack of available banking services and solutions. Obviously, safeguarding massive amounts of cash is essential to day-to-day operations, but there are many other reasons why managing cash flow matters greatly. 

With improved cash flow comes greater peace of mind, greater profits, and better forecasting. A strongly safeguarded and managed cash flow shows investors and lenders that a business has specific internal controls in place to minimize the risk of losses due to theft or the misappropriation of funds.

Learning Objectives:

• Define cash flow and why it’s important for success


• Summarize cash, controls, and how to make sure to protect this crucial asset


• Determine how to project cash flow


• Identify tools needed to manage cash flow


• Evaluate ways to improve cash flow