I have a controller interview tomorrow within the cannabis industry. Does anyone have any recommendations on questions to ask?

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Posting as :
works at
You are currently posting as works at

I’m outside of the industry, but a few things that I’m naive about might give you some ideas:

How is inventory accounted for and how are different classes of assets differentiated?

Is revenue entirely retail sales or are there wholesale streams as well?

What systems are you currently using and are there inherent limitations that you’ve encountered thus far?

What has been the most challenging or subjective activity to account for so far?

Assuming US: what sort of contingencies for cash held but not in bank have you recorded? Is insurance coverage ample?

Who are the primary stakeholders in the business and what do the company’s future capital and liquidity sources look like?

What about competitors and how this company plays in the market?

Some of these can probably be answered if they’re public but hopefully one of these gets your noodle going.

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Thanks!

Hey hey hey, smoke weed everyday

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Specifically within the hydroponics side of the business.

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If they use channels instead of water bays, you can ask what sort of technology infrastructure they have and if they’re likely to upgrade soon. I’m thinking for the computers and monitoring software that is in charge of water and chemical distribution.

See how many times you can work the word ‘meow’ into your responses.

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Have you traveled to mainland China or italy in the past 14 days?

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They have not; nor have I. That was a question in the pre interview.

I feel it didn’t go well. Which probably means I’ll have a job offer soon. 🤷🏻‍♂️

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I didn’t get that job. I got a different job.

Cash is a problem in the industry and they can’t use fdic insured banks, because it is federally still illegal. They have large vaults in Colorado. Ask if that impacts their processes, a s if any other federal laws create unique issues.

👍🏻

^ Yes, this. Must use cash. I’d definitely ask something about this.

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