Marijuana manufacturing facilities are expected to grow over 23% in the next three years. Along with this come a number of cannabis business opportunities and challenges. ..
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..
BlackLine’s Value Proposition & Impact on my Staff
Have you ever
Ask yourself, “Why do accountants repeat the same manual accounting close process?”
Today, we have smarter ERP systems to
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
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
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...
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. ..