How to Choose a Payroll Provider for Your Marijuana Business

Making sure your business thrives in the dynamic cannabis industry and ensuring compliance with regulations can leave you little time for payroll processing. Yet, payroll is a crucial part of succeeding in the competitive industry, which is why many companies choose to hire an experienced payroll provider. 

Maintaining effective payroll practices is a must for cannabis businesses, and providers of integrated payroll services can help you do just that. 

But how do you make an informed decision when choosing a payroll company? Read on to find out how to make sure your payroll provider is the right fit. 

What should I look for in a payroll provider?

The first step in choosing a payroll provider is to understand the specific needs of your business. Identifying these can narrow your search and speed up the process. For instance, your business may struggle most with the onboarding process or you might have been penalized for failing to comply with regulations. Identify the key HR and payroll issues your company is facing and begin your search based on that. 

In general, a good payroll provider for a cannabis business should provide: 

• Proof of previous work in the cannabis industry 
• An integrated payroll processing suite 
• Expert employee recruitment and retaining techniques 
• Optimization of the onboarding process and training plans 
• Comprehensive employee benefits packages 
• Help overcoming administrative hurdles and completing paperwork 
• Assistance with ensuring compliance 
• Options for connecting your business with the necessary banking solutions 

What questions should I ask a new payroll provider?

A reliable payroll provider can bring a myriad of benefits to your cannabis business. However, in order to make the most out of their services, you’ll need to do proper research before choosing a company to work with. Here are some questions to ask your payroll provider: 

1. What is your experience working with cannabis-businesses? 

The company you hire should have experience with human resources and payroll, but also in dealing with the specific challenges of the cannabis industry. Make sure they understand the hurdles your business is likely to face and ask them how they plan to combat them. Additionally, you should check the company’s history and reputation, as well as their accreditations and licenses. 

2. What payroll and HR services do you offer? 

Based on prior evaluations of your business’s needs, you should know what you want to get from your payroll provider. For instance, you may be looking for a cutting edge payroll software solution that helps you optimize employee tracking. Or you might want to optimize the onboarding process. Make sure to discuss your wants and needs with potential providers and see if they’re a match. 

3. How will you help me overcome industry-specific challenges? 

The cannabis industry is extremely highly regulated. This means that your company may be at risk of compliance failure every single day. With the right HR and payroll provider at your service, you’ll be able to mitigate these risks and keep track of regulation changes. To raise your chances of ensuring compliance with each step, make sure you ask your potential provider about their experience with cannabis compliance. 

Stand out in the cannabis industry with our payroll solutions 

Are you a cannabis business owner looking for a reliable, experienced, and committed provider of payroll services? Your search is over. Green Leaf Business Solutions brings you all you need to succeed in the growing cannabis industry, offering integrated payroll and HR solutions, compliance assistance, and state-of-the-art technology. On top of that, we are also known for great customer service and our dedication to keeping in touch with the ever-changing nature of the industry. Contact us now.