Encouraging cannabis industry growth is a challenge for legislators and lawmakers. For consumers, the demand is there (and so is the supply). For entrepreneurs, start-up capital and high operating costs are the main barriers. Though profits, potential growth, and novel health solutions seem to keep individuals entering the legal cannabis industry, so too does the need for accounting, payroll, and individualized administrative services.
Enter Labor Resource Management.
About Labor Resource Management
Labor Resource Management is a suite of administrative, payroll, human resources, among other services, available to the cannabis industry. Operating out of California, Labor Resource Management is fully capable of ensuring cannabis-related companies are provided with and can easily adhere to tax, payroll, and compliance policies and regulation as defined by the California Bureau of Cannabis Control (CBCC).
The CBCC regulates the licensing and oversight of the medical and recreational cannabis industries in California.
The position state-based cannabis businesses find themselves, operating under the higher law of the federal government, can create immense complexities. During the beginning, maintenance, and growth of cannabis-based companies, Labor Resource Management helps to ensure full state AND federal compliance with U.S. tax law (IRS Section 280e).
At Labor Resource Management, top priorities include finding and implementing solutions capable of reducing the overhead cost of the business. Accomplished through a refined list of services and precise approach, each offer delights businesses and consumers in one fell swoop.
Populus California has been operating with thousands of marijuana producers and dispensaries for years, yet the addition of recreational marijuana in 2016 to California state law tilted lawmakers toward streamlining both medical and recreational marijuana licensing. In 2018, dispensaries, growers, and product companies are having to keep with compliance.
Turns out, a task as complex as regulatory and payroll navigation can be overwhelming for many.
Services Offered by Labor Resource Management
Numerous business solutions offered by Labor Resource Management are helpful, and some are unabashed lifesavers.
"Payroll can be challenging when you have employees, independent contractors, and union employees."
Labor Resource Management is headquartered at 2328 Fourth Street Santa Rosa, CA 95404; 408-775-5249. By a quick call or visit, you can receive individualized solutions for all owners and employees in your business. Labor Resource Management has developed a comprehensive services network, each one compliant with California marijuana laws.
Services Include:
- Compliance & Confidentiality Contracts for Employees and Contractors
- Garnishments & Deductions
- Business Liability & Workers Compensation
- W2 & 1099 Issuance for Employees & Contractors
- Human Resource Support Services
- Payroll, Welfare, & Union Dues Reporting
- Tax Payment Processing, both Quarterly and Annually
- End-of-year Financial Disclosures & Processing for Employees, Owners, and Investors, Among Others
- Custom Reporting & Spreadsheets for Internal User
- Procurement and Distribution of Labor & OSHA-compliant Safety Posters
Labor Resource Management is OSHA Safety Certified, providing a top-line business solution with genuine understanding, optimizing your human resource and payroll benefits in a productive and cost-reducing way.