Cannabis Companies Can Use This Clever Tactic to Boost Their Bottom Line

Ms Mary Staffing

CannaInsider interviewed Stephen Sullivan of Ms. Mary Staffing in Denver, discussing how using a professional employer organization (PEO) can benefit cannabis companies. Outsourcing your employees to a third-party that can accept cash can allow the employees to be paid with checks and to receive normal benefits often not available to cannabis industry personnel.  Also, cannabis companies can avoid a 10% penalty for paying the IRS employment taxes in cash by having the PEO pay the tax. Sullivan covers several other potential benefits as well.

Key Takeaways:
0:57 – What is Ms. Mary Staffing
1:42 – Stephen talks about the cash issues dispensaries face
2:39 – Stephen explains how a Professional Employer Organization helps employers
4:51 – Stephen talks about the staffing aspect of Ms. Mary Staffing
5:28 – Why do people leave the cannabis industry
6:55 – Stephen talks about intermediate and executive positions
7:29 – What can dispensaries do better from an employer perspective
9:15 – How can someone make the transition into the cannabis industry
11:11 – Contact details for Ms. Mary Staffing

Read the transcript or listen to “Handling Cash and Outsourcing Cannabis Employees”:

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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