The cannabis industry is doing well, and hopefully so is your business. It might be growing and improving, but along with that comes additional operational requirements. It can be challenging to keep up with everything necessary to maintain operations in-house. Fortunately, you don’t have to. Here are five things your cannabis company should outsource to save time, money, and hassle.
Equipment Manufacturing
Cannabis growers and manufacturers rely on industrial-grade equipment to grow, transport, process, test, and store products. However, it’s highly impractical to make this equipment in-house. Equipment manufacturing demands precision, industry-grade materials, and adherence to industry standards. Outsourcing to companies that specialize in cannabis-specific equipment ensures your tools and devices meet regulations, perform well, and arrive on time. Plus, contract manufacturing can reduce your costs by removing the need to buy manufacturing equipment for your facilities. Professional manufacturers also offer warranties and maintenance services, saving you from unplanned downtime and repair costs.
Cannabis Testing
Testing is one area where accuracy is nonnegotiable. Consumers and regulators demand products with consistent potency and safety. Outsourcing your cannabis testing to accredited labs not only ensures compliance but also delivers reliable results you can trust. Third-party labs are experts in identifying contaminants, verifying cannabinoid profiles, and providing reports that meet state requirements. Outsourcing cannabis testing keeps your operations running smoothly without the overhead of running an in-house lab.
Accounting
Business accounting is inherently complicated, and dealing with controlled substances makes it even harder (for instance, the unfortunate Section 280E). Incorrectly handling your finances could land you in hot water with the IRS or hurt your profitability. Instead of navigating these murky waters on your own, hire specialized cannabis accountants. These pros know how to keep your books clean, reduce tax liabilities, and prepare for audits, freeing you to focus on growing your business rather than crunching numbers.
Compliance Services
The cannabis industry is one of the most heavily regulated, and rules change frequently. Falling out of compliance can mean stiff penalties or even losing your license. By outsourcing compliance services, you’ll have a team of experts monitoring regulatory updates, managing filings, and keeping your operations safe. These specialists will make sure you’re always a step ahead, and their expertise can save you from costly errors.
Human Resources
Managing a team is tough. Recruiting, payroll, and employee relations take a lot of time and expertise, especially with changing labor laws. Outsourcing HR allows you to focus on leading your team while professionals handle the nitty-gritty. HR firms can streamline hiring, ensure payroll accuracy, and keep you compliant with labor regulations, creating a better workplace for your staff.
By delegating these five areas—equipment manufacturing, cannabis testing, accounting, compliance services, and HR—you free up time, reduce stress, and gain access to specialized expertise. These are some of the most important things your cannabis company should outsource to keep your operations running smoothly and your business on the path to success.
