Cannabis Financials: Forecasting & Budgeting in the Cannabis Industry

Cannabis Financials: Forecasting & Budgeting in the Cannabis Industry

When you have a solid financial forecast and budget for your cannabis business, then you actually know what you’re striving for and what you can expect by the end of your fiscal year.

With a proper forecast, you can benchmark your performance, manage your cash flow and cash on hand, and prepare for large swings in cannabis industry dynamics ahead of time.

In this video, we are going to walk you through:
+ What is Budgeting?
+ What is Forecasting?
+ 8 Factors that can impact your forecasting including seasonality, tourism, weather, day of the week, natural disasters, marketing plans, changes in cannabis taxes and industry growth rate.
+ 4 ways you can improve your financial forecasting

If you need help with cannabis financials or cannabis business costs & budget, then please reach out to our cannabis CPAs at https://greengrowthcpas.com/get-started/ or call 800-674-9050.