Blunt Business

401(k) Solutions for the Cannabis Industry with Tyler Priest from Greenleaf Business Solutions

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Synopsis

Tyler Priest, the Chief Revenue Officer at Greenleaf Business Solutions, delves into the complexities of managing HR and payroll within the cannabis industry's complex regulatory landscape.Tyler Priest emphasizes the ongoing conflict between state and federal cannabis laws, particularly concerning 401(k) plans for cannabis companies. He highlights the need for comprehensive HR and payroll solutions tailored to the unique challenges of this industry, including payroll processing, HR consulting, benefits administration, and compliant 401(k) options.The conversation explores the difficulties in establishing traditional retirement savings plans for cannabis employees due to the conflict between IRS tax codes and cannabis industry regulations. Tyler Priest discusses Greenleaf's efforts to develop a compliant 401(k) solution that can be offered by various payroll providers, emphasizing their commitment to creating a secure and reliable retirement savings vehicle for cannabis industry workers.Tyler Priest al