The Future of Cannabis Banking

In this quick TV interview, CEO of Aviva Spectrum, Sonia Luna, offers insights into why cannabis companies have limited access to banking. She discusses how cash transactions affect taxes, cryptocurrency, and the long-term solution to help cannabis companies. Currently, there are only a few providers that have an alternative to banking, such as eXpo founded by Larry Lipman, and Payqwick., founded by Keith Marks, and Ken Berke.

According to FinCen, a government banking watchdog, in its “Marijuana Banking Update” report, during the fourth quarter of 2017, less than 400 banking institutions are actually dealing in the cannabis industry right now of an approximately 12,000 registered banking institutions in the U.S. Sonia Luna, CEO of Aviva Spectrum and leading cannabis advisor shares in this TV interview some solutions such as money orders you can get from the US postal service or accessing private lending vehicles.

If you’re looking for a free cannabis accounting analysis with Sonia Luna, email us today at: Info@avivaspectrum.com

Cannabis Manufacturers - Opportunity Advisors and Cannabis Taxes in 2018

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How Will BlackLine Impact My Staff and Add Value?

BlackLine’s Value Proposition & Impact on my Staff

Have you ever asked “How Long Should my CLOSE Be?”. If you spend more than 5 days closing your books, you really haven't benchmarked yourself against your peers! The article posted by expert CFO, Doug Ryan, shares reasons why the financial close should be ONLY 5 DAYS!

Ask yourself, “Why do accountants repeat the same manual accounting close process?”

Today, we have smarter ERP systems to fast track certain transactions and integrate our various business processes like sales, warehouse management, and others. But when you look at the financial close process, it still continues to be a heavy-weight with long hours each period with numerous Excel driven checklists, worksheets of reconciliations, and hours spent on matching the obvious. Of course those last minute adjustments need to be updated into the already completed and closed out reconciliations. All of this is fueled by lots and lots of coffee!!

What if the close process is automated, your work is streamlined across the month or quarter instead of sharp peaks at period ends? What if the bulk of your accounts are auto reconciled with a click!? And who wouldn’t love to have the obvious be matched automatically so you have more time for those key strategic tasks, analytics, cross trainings, and move up the career ladder.

What about your Audit Committee members- how much comfort will they have on the effective risk assessment making its way to your accounts and reconciliations?

OK, moving beyond just account close, there has been a magnifying glass on the accounting treatments and review processes- let’s not forget the SOX Auditors. What if there was a system-driven grassroot level sub-certification on each key reconciliation and task completion? Wouldn’t your C-Suite love to have detailed and documented bases to put those 302, 906 and 404 certifications!

We here at Aviva Spectrum have put together a very short video to quickly introduce you to what a BlackLine environment means to your staff and its value proposition. Have a look at this brief 10 min video here.

Cannabis Cultivators - New Growth Opportunities and Cannabis Taxes in 2018

Are you a cannabis cultivator looking to increase your profits? Meet Aviva Spectrum, the opportunity advisors! This quick video will explain how Aviva Spectrum can help you. ..