We see it every year – mainstream payroll providers promise to support new and growing cannabis businesses and then drop them out of nowhere with very little warning or time to find a new provider. We hope this doesn’t happen to you, but dozens of our clients have rushed into a partnership with one of these providers (ADP, Paychex, BambooHR, etc.) and been blindsided months later. We’ve supported many clients through their sudden need to implement Wurk’s cannabis-specific platform in a very short amount of time.
While we hope you choose Wurk from the beginning, if you’ve been with a mainstream provider, we encourage you to read the checklist we’ve provided for when your provider drops your cannabis business.
YOUR STEP-BY-STEP ‘TRANSITION’ GUIDE:
1. Identify Cannabis-Specific Payroll Providers
The average cannabis company will be dropped more than twice in their lifespan by mainstream payroll providers like ADP, Paychex, BambooHR and others. Make sure you choose a cannabis-specific payroll provider that understands all human capital management needs unique to cannabis. Wurk was designed and built to offer you the all-in-one HCM solution for cannabis.
2. Gather Your Key Company Documents
+ All EIN (tax ID) information (many cannabis companies will have multiple EINs).
+ All required business licenses (may vary by state). View our payroll tax resources page for information regarding your state’s licensing requirements.
+ All required cannabis-specific licenses (in addition to standard business licenses).
+ A void check from each bank account.
3. Organize Your Employee Data
In order to ensure a swift implementation with your next payroll provider, and ensure compliance, it’s important to have all your employee data organized in one place. As this process can take time, Wurk provides a free template during implementation for you to easily organize everything.
4. Ask The Right Questions of Your Potential Payroll Partner
+ Do your banking partners fully support cannabis?
+ How long have you been supporting the cannabis industry?
+ Who are your top cannabis clients and how long have they been with you?
+ Do you support single sign-on across multiple EINs/locations?
+ How do you ensure compliance for your cannabis clients?