Source: Benzinga
When cannabis companies received a letter from payroll provider Paychex saying the company was no longer offering its services starting in May, they panicked.
“That puts a lot of clients in the cannabis space at risk because, in the announcement, Paychex said they could no longer process payroll or taxes for those clients as of May 1st,” Scott Kenyon, CEO, and executive chairman at Wurk, the industry’s first all-in-one workforce management solution, told Benzinga exclusively.
Kenyon explained that the tight timeline gives clients little time to transition to a new provider, a process that could take up to 12 weeks.
Wurk was quick to react.
In response, the company sought to create a solution for all clients in the industry who may be affected by this issue.
“That is a very tight timeline. These clients started to panic, and that’s how we jumped into this and tried to put together a solution for every client in the industry,” Kenyon continued.