Education

Understanding your med spa profit margin: A tool to strengthen your business - Download our Morem Waller Medspa profit margin calculator

Understanding Your MedSpa Profit Margins: A Tool to Strengthen Your Business

At Morem & Waller CPAs, we’ve spent years helping businesses in highly regulated industries take control of their financial future. As our firm evolves, so has our focus. While we remain deeply committed to the cannabis industry, we’ve expanded our understanding and services into the broader wellness space. That includes medspas, salons, gyms, and wellness […]

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5 Key Performance Indicators Medical Spa Owners Should Track Weekly

To keep your medical spa growing and thriving, tracking the right metrics is essential. Weekly KPI reviews help you stay proactive, drive accountability, and fine-tune your strategy. Here are five core KPIs every med spa owner should monitor: 1. Pre-Book %This tracks the percentage of clients who book their next appointment before leaving. A strong […]

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Optimizing Compensation in the MedSpa Industry: The 20% Rule

Compensation is one of the largest expenses for medspa owners, and if not managed properly, it can significantly impact profitability. A best practice in the industry is to keep total compensation at or below 20% of revenue to ensure financial health and sustainable growth. Why the 20% Compensation Rule Matters When compensation costs exceed 20% […]

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What is a fractional cfo, and why Cannabis, spa and wellness businesses in Minnesota need one.

What is a Fractional CFO? Why Cannabis, Spa, and Wellness Businesses in Minnesota Need One

In the evolving worlds of cannabis, spa, and wellness businesses, financial challenges come in many forms. These include navigating strict compliance regulations, managing seasonal revenue fluctuations, scaling operations, and preparing for long-term growth. Making informed financial decisions is not just about staying afloat; it is about building a thriving, sustainable future. That is where a […]

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Webinar Recap: Year-End Accounting Prep for Cannabis & Wellness Businesses

As year-end approaches, it’s crucial for cannabis or wellness businesses to get their financials in order. In this webinar, Morem & Waller CPAs guides you through the essential year-end accounting tasks that cannabis operators must prioritize. From inventory counts to planning for tax season, we’ll cover the checklists and important dates that will keep your […]

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Retail Cannabis Consulting Webinar Recap with the Gas Station Dispensary Retail Consulting Group and Morem & Waller, CPAs

Retail Cannabis Consulting – Grow Your Revenue

Are you looking to streamline your cannabis retail operations and drive revenue growth? Watch a recap of our webinar featuring the expert team from Gas Station Dispensary Cannabis Retail Consulting, including CEO Dove Sharp, COO JD Sharp, and CFO Tucker Sharp. This dynamic team brings hands-on experience from the cannabis industry to help you implement […]

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Why Choose a CPA Firm vs Non-CPA Accountants for Your Business?

CPA Firm vs Non-CPA Accountants: Why This Matters

Have you ever wondered whether you should choose a CPA firm vs non-CPA accountants for your financial needs? Or have you ever used the term “accountant”, “bookkeeper”, and “CPA” interchangeably? Did you know that all three terms mean very different things? When it comes to managing your finances, whether it’s for personal or business purposes, […]

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Minnesota Cannabis Social Equity Applicants - SOP for GAAP and Tax Compliance

Essential Minnesota Social Equity Applicant SOP Checklist

Are you a social equity applicant seeking a cannabis license in Minnesota? We understand the unique challenges you face and are here to support you every step of the way. Morem & Waller CPAs is excited to offer a comprehensive checklist designed specifically for you! Our free checklist is more than just a guide; it’s […]

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Webinar with Cory Lake Insurance, protecting your cannabis business in minnesota

Webinar Recap: Protecting Your Cannabis Business – Insurance Must-Knows for Minnesota Entrepreneurs

Join Morem & Waller CPAs and special guest Cory Lake of Lake Insurance for this webinar recording designed to educate cannabis businesses in Minnesota on critical insurance requirements and strategies. Learn about the necessary insurance policies for those applying for or currently holding a cannabis license, and understand how to safeguard your business from unique […]

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Webinar Recap - Join Gwen Dougherty of Florea Procurement explain how to simplify the procurement process for the Cannabis Industry

Webinar Recap: Simplifying Procurement

Simplifying Procurement: Save money while getting the best products for your business Do you wish there was a way to save money on your everyday business purchases? Watch this video from Florea Procurement and Morem & Waller CPAs for a straightforward procurement overview that will help you understand how smart purchasing can save you money […]

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Morem & Waller at Lucky Leaf Minnesota

Lucky Leaf Minneapolis – Recap

We’ll have team members at two booths during Lucky Leaf. Find our wilderness booth at #619 and we’ll be supporting the Minnesota Women’s Cannabis Collective (MNWCC) Booth (#305). Minnesota Women’s Cannabis Collective (MNWCC) serves as a platform for female entrepreneurs in the cannabis industry, connecting women together and offering them access to event opportunities that […]

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420 Unity Day of Action - Cannabis Reform Webinar

Webinar Recap: Be Part of the Change – How to Influence Cannabis Reform and Why it Matters

The majority of Americans now live in a state that has legalized cannabis, and whispers of rescheduling at the federal level have been swirling. But what does this mean for the cannabis community and how can you drive the narrative? Join us for this timely webinar in the lead up to the Last Prisoner Project’s […]

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Webinar Recap - Mastering Michigan's cannabis violation process with Mark Waller of Morem & Waller CPAs and Aly Piscatelli or Budding Operations

Mastering Michigan’s Violation Process: A Guide to Avoiding Top Offenses

Did you know the Michigan Cannabis Regulatory Agency (CRA) issued a staggering 289 violations to license holders in 2023 alone? With an average of 24 violations per month, it’s crucial to equip yourself with the right tools to navigate this regulatory minefield. Join us as we dissect Michigan’s cannabis compliance landscape in our exclusive webinar, “Mastering Michigan’s Violation […]

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Balancing the Books: Compliance in the Cannabis Industry

Balancing the Books: Compliance in the Cannabis Industry

Betsy Morem and Mark Waller joined our colleague Tony Pavlakis of TSRGrow on their podcast for the first episode of Grow Sessions, Season 4. In an episode titled “Balancing the Books: Compliance in the Cannabis Industry,” they shared their expert insights on the crucial role of accounting practices in the rapidly evolving cannabis sector. The […]

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Cannabis Business C Corp Election

One thing we get many questions about from our cannabis clients is: what is the best way for me to save money on my cannabis business taxes? Following up on our Navigating Minnesota’s Cannabis Industry webinar we did with our wonderful friends from Blunt Strategies, Point Seven Group, Budding Operations, and Happy Gnome HR, I’ve […]

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Creative Capital Raising in the Minnesota Cannabis Industry with Mark Waller of Morem & Waller CPAs and Jen Reise of North Star Law Group

Creative Capital-Raising in the Cannabis Industry

Morem & Waller, CPAs joined Jen Reise from North Star Law to discuss the ins and outs of creative capital-raising strategies within the burgeoning cannabis industry. With legalization spreading rapidly across various regions, opportunities for growth are abundant, but navigating the complex landscape of financing can be challenging.  In this webinar, Jen Reise shares her […]

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Watch the recording from our recent webinar on navigating minnesota's cannabis industry with Morem and Waller CPAs

Navigating Minnesota’s Cannabis Industry

Navigating Minnesota’s Cannabis Industry – Regulations, Application Process, and Operational Considerations Join Morem & Waller, CPAs and four other industry leaders in this exclusive webinar that provided a comprehensive guide on stepping into Minnesota’s nascent cannabis market. Collaborating with Blunt Strategies, Point 7, Budding Operations, and Happy Gnome HR, this session promises invaluable expertise and […]

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Mark Waller, CPA Betsy Morem, CPA

Webinar: Charting a Course to Financial Excellence

During this insightful presentation on establishing and managing a successful cannabis business, the leaders of Morem & Waller will help you navigate the green maze by exploring the key areas of audits, valuations, banking challenges, and the impact of 280(e). Attendees will leave equipped with essential knowledge and practical strategies for success in the cannabis […]

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Cannabis Accounting Operational Checklist - Free download

Why an Accounting Operational Checklist is a Must for New Cannabis Businesses

As a new cannabis business, you face unique challenges and opportunities. At Morem and Waller CPAs, we understand these challenges, and we have the solution for you: an accounting operational checklist. This tool can help you in three key ways: Start your journey to become and remain compliant with ease using our new Operational Checklist. […]

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