Cannabis & Marijuana-Related Businesses HCM
Our experience and service model allow us to architect a better solution for companies who want the best HCM support for their most important resource – its employees. And this expertise extends to Cannabis and Marijuana-Related Businesses (MRBs). You will be aligned with a dedicated Client Success Specialist that will implement and service your entire product set with Clarity HCM. This model allows them to become an expert in your business; a true partner not another help desk.
New opportunities in the cannabis, hemp and medicinal marijuana farming and distribution industry yield new challenges for business’ payroll processing, workforce management and human resources. Clarity HCM delivers excellent services and consulting advice to businesses who need a company that has performed the research and continues to stay up to date as this industry experiences ongoing changes.
Payroll and employee benefit considerations for MRBs include:
Compliance with local, state and federal laws: Cannabis laws and regulations vary from one jurisdiction to another – we understand the specific regulations related to payroll and employment in the cannabis industry in your location.
Proper classification of employees: As with any business, properly classifying employees is important for compliance with labor laws.
Lack of access to more powerful HR tools: Many National Payroll companies refuse to work with the Cannabis industry. This has limited the technology available to MRBs. That ends today! With Clarity HCM, you will have the most robust product set that includes tools to Attract, Onboard, Retain, and Develop your most valuable asset – Your people.
Banking challenges: We understand proper cash handling laws and compliance with banking regulations. We can advise on alternative payment methods to support payroll processing while ensuring compliance with wage payment laws.
Benefits and 401k: One of the best ways to attract and retain top talent is to offer a robust benefits package. Clarity HCM can help you design your benefits packages, administer them, and keep you in compliance. We offer fully integrated benefits, workers compensation, and 401k plans.
Tracking time and attendance: Strong time and attendance systems to ensure compliance with labor laws and to facilitate accurate payroll calculations.
Security and confidentiality: Implement strict security measures to protect employee payroll data, ensuring compliance with privacy regulations and industry-specific requirements.
Ongoing Industry Changes: The cannabis industry is evolving rapidly, with new laws and regulations being implemented frequently. We stay updated on any changes that may impact payroll processing and compliance and adjust your procedures accordingly.