At the forefront of this transformation, we stand as unwavering pioneers, dedicated to shattering stereotypes and fostering trust within the cannabis industry. You no longer have to settle for inferior technology and can now support your team with a better employee experience.
In 2023, a national company withdrew its support, and Paragon swiftly stepped in to help numerous clients smoothly transition within a short timeframe. This ensured that their employees encountered no disruptions in service and maintained a seamless experience.
Our commitment to compliance means your payroll experience is marked by inclusion and understanding, regardless of your association with the cannabis sector. Size is no obstacle; we cater to both small and large enterprises, creating bespoke solutions that honor your uniqueness.
With a steadfast legacy that spans over a decade and a profound dedication to serving the cannabis industry since 2016, Paragon exemplifies leadership and loyalty in crafting extraordinary financial solutions.
Reach out to us at 866-444-4615 to explore the limitless possibilities for your cannabis business. Together, we redefine the narrative and set new standards of excellence.
FAQs
I want to offer my employees benefits but I’m having a hard time finding a provider as a cannabis operator.
We can take care of that for you! We’ve been serving the cannabis industry since 2016 so we have a large network of partners that offer cannabis-friendly employee benefits and qualified retirement plans.
Why won’t some banks offer services to my cannabis company?
Not all banks are set up to help cannabis businesses like yours. From taxes to common expenses they just don’t have the experts on staff with knowledge of the industry. When you become a Paragon partner we work with banks nationwide, on your behalf, to provide you payroll services that are best-of-the-best.
Help! My payroll provider cancelled my service simply because I own a cannabis company.
We’re sorry that happened to you. It’s all too common and we’re here to change that. With Paragon you have access to a trustworthy team that walks alongside you to offer open and transparent cannabis payroll and HCM solutions.
My payroll company can’t keep up with my growing business.
As a national payroll and HR provider, Paragon understands the complexities of multi-state operators (MSO) and the challenges of managing multiple EIN and state compliance challenges. Give us a call and one of our knowledgeable staff members will be ready to help.
What’s all the hubbub on 280E?
Section 280E of the Internal Revenue Code limits businesses from deducting typical business expenses from gross income associated with the “trafficking” of Schedule I or II substances, as defined by the Controlled Substances Act. The IRS has subsequently applied Section 280E to state-legal cannabis businesses, since cannabis is still a Schedule I substance. Our workforce management solutions at Paragon help you capture every dollar spent on cost of goods sold (COGS) and our team guides you through the tax process so that your company can continue to grow.
Why is payroll so expensive for a cannabis company?
Since the cannabis industry is still fairly new, with uncharted territory, many companies charge more to handle payroll. At Paragon we partner with cannabis companies all over the country and our service fees are in line with each industry we serve.