Don’t wait to make the payroll switch

Whether you’re unhappy with your current payroll technology, worried they may drop your cannabis business or you’re ready to upgrade your process, we encourage you to begin the transition to Wurk now to avoid the end-of-year, last minute anxieties.

Automate the most complicated and risk-prone processes associated with recruiting, scheduling, and paying employees in the cannabis industry with Wurk’s all-in-one platform. Create repeatable onboarding processes, easy benefits administration, and accurate employee records with the confidence of knowing that state and federal compliance requirements have been fulfilled, such as ACA, FLSA, and FMLA. Streamline payroll management, direct deposits, reporting and tax filing to maximize 280E deductions.

“This solution provides a guaranteed audit trail which is crucial for a cannabis startup. Wurk is great at responding and evolving to the needs of the industry by bringing best practices in compliance risk management.” – Will Vial, Dir of Business Analytics at Solstice

Transitioning your payroll to Wurk is easy with the support of our knowledgeable team. We’re currently scheduling implementation sessions for August and September. Give us a call today to book with our team.

CONTACT WURK

Payroll processing for the modern cannabis business

Manage complex payroll, timekeeping and HR processes in one platform created specifically for marijuana companies.

It’s no secret that the marijuana industry carries high demands for your entire team, especially your payroll and HR professionals. From complying with cannabis enforcement, local, state and federal agencies to managing a growing workforce, it’s easy to understand that you might be feeling overwhelmed and overworked.

Beyond the intricacies of running a cannabis operation, your lack of time, money, resources and/or technology make addressing your business goals a challenge. It’s possible that by choosing the right payroll technology, created specifically for the marijuana market, some of those barriers can be removed.

Automate a complex process

We know you have to hustle and sometimes cut corners to run your business, which may mean processing payroll with outdated, manual processes. Or you might outsource the job to your cannabis accountant, which not only costs money, but restricts your control and insights.

Nearly 30% of companies are using payroll processing systems that are 10 years old or older. Outdated systems require customization and expensive maintenance to stay current with labor laws and regulations.

A modern Human Capital Management (HCM) platform can not only automate the payroll process, reducing errors and easing your administrative burden, it can also help you control labor costs and improve employee productivity. A cannabis payroll system allows you to run reports – payroll, register, labor distribution, general ledger, and more – before finalizing and submitting payroll to help ensure accurate results. Plus, reflect your unique business requirements and workflows by defining all steps in the payroll process.

Ease compliance concerns

When asked which regulations concern payroll professionals the the most*, respondents named their top five as:

  • FLSA overtime regulations (64%)
  • Constantly evolving tax regulations and rates (62%)
  • Paid sick leave (43%)
  • ACA (42%)
  • FMLA (39%)

Further, 54% of those surveyed said they are concerned about managing multiple state and local regulations. With the constant increase in new laws, not to mention the plethora of other cannabis-specific regulations, you can’t spend valuable time configuring systems to ensure your protection. Modern payroll and HCM software allows you to handle the changes with assurance that rules will be updated and calculations accurate without the need for manual processes.

Access a single source of truth

Time and time again, clients come to us frustrated with the amount of software systems they are piecing together to manage payroll, timekeeping, and human resources. This causes an unnecessary burden for the whole team as well as inconsistencies in data. With one platform, you’re able to access all employee data, manage documentation in one-place, and implement standardized HR processes, significantly reducing workload for your management.

In subscribing to a cloud-based payroll processing software as opposed to patching together a framework of systems or relying on a PEO service, you have total access to robust data management giving you fast metrics so you can focus on growing your business and saving money.

Wurk’s payroll, timekeeping and HR system is specifically for the cannabis industry. Reach out to our team for a demo today.

*The 2017 APA Trendline Survey

Recruiter: Workforce Management Solutions

WurkRecruiter logo Founder & CEO recently wrote about software solutions that are designed to automate key tasks like payroll, scheduling, and employee onboarding for the cannabis industry. A good workforce management solution can make running a business in the cannabis industry much less complicated. Read the entire post.

Direct Cannabis Network: Let’s Get to Wurk!

Direct Cannabis Network wrote an article about who Wurk is and why you need Wurk.

 

Who is Wurk?

 

Wurk’s platform offers its’ software as a service to help cannabis businesses do everything from background checks of new hires, to managing employees’ schedules, benefits and training, as well as making sure their employees get paid on time. Wurk provides tools to ensure compliance on both a state and federal level for companies looking to structure themselves for the future.

 

Why is Wurk needed?

 

Cannabis is still deemed a Schedule I controlled substance at the federal level, so large banks aren’t permitted to finance (most) cannabis companies. Another reason Wurk is needed for the cannabis industry, is for the fact most cannabis businesses have operated in what many in the community term a “gray area” or “black area” of the industry in which regulations and compliances are loosely followed. Wurk’s platform saves businesses the hassle of organizing themselves internally, by assisting businesses in figuring out internal processes that best fit the company’s structure.

 

Read the entire post.

FinSMEs: Wurk Secures $1M

FinsmesFinSMEs covered Wurk’s seed round news, as shown below. FinSMEs.com provides information on venture capital/private equity and debt financing deals taking place daily across the planet.

Wurk Secures $1M in Seed Funding

 

Wurk, a Denver, Co.-based payroll and HR platform for the legal cannabis sector, secured $1m in seed funding.

 

Backers included CanopyBoulder, Poseidon Asset Management, Intuitive Private Equity and Richard Kimball, who are Arcview Investor Network members.

 

The company intends to use the funds to grow the team and accelerate customer acquisition with product-oriented market.

 

Led by Keegan Peterson, Founder & CEO, Wurk provides a payroll and HR platform designed for the regulated cannabis industry to automate the processes associated with hiring, managing and paying employees.

 

The platform includes tools to manage compliance with industry-specific regulations like Federal income tax code section 280E and state-specific requirements for employee registration and badging. It also provides an ecosystem of industry experts specializing in 280E tax law, accounting, human resources, cannabis corporate law, and banking.

 

The company went through CanopyBoulder’s Accelerator Program in Q1 of 2016.

 

The original post can be found here.

Press Release: Wurk Closes $1M Seed Round

Cannabis Start-Up Wurk Closes $1 Million Seed Round

 

Workforce Management Technology Helps Highly Regulated Cannabis Industry Reduce HR Administrative Costs While Minimizing Compliance Risks

Denver, Colorado— Nov. 9, 2016—Wurk—a payroll and HR platform designed for the highly regulated cannabis industry—has raised $1 million in seed funding. This funding will be used to grow the team and accelerate customer acquisition with our product-oriented market. The round included CanopyBoulder, Poseidon Asset Management, Intuitive Private Equity and Richard (Rick) Kimball, who are Arcview Investor Network members.

 

The company went through CanopyBoulder’s Accelerator Program in Q1 of 2016. Wurk was then selected to be a featured presenter at ArcView Oakland Investor Forum by ArcView’s Investor Group Network. This led to a successful seed round with investors.

 

“We’ve experienced significant and sustained growth since we originally launched in August 2015,” said Keegan Peterson, Wurk Founder & CEO. ”Cannabis businesses are severely underserved by traditional payroll and HR firms. Because cannabis companies have to deal with so many unique regulatory issues, Wurk addresses several huge pain points.”

 

From day one, Wurk’s technology platform has been helping customers to tie together HR Management processes that include 280E reporting and audit trails, state-specific employee onboarding, industry-specific screening and payroll management. Backed by a unique ecosystem of experts and partners that specialize in 280E tax law, accounting, human resources, cannabis corporate law, and banking, Wurk’s Platform is reducing administrative costs and workload.

 

Arcview Market Research shows that the cannabis industry is the fastest growing industry in America. The U.S. market for legal cannabis is currently $7 billion. ArcView projects it will triple to $20 billion for medical and adult-use cannabis sales by 2020.

“The investors we have on board and the amount we’ve raised is a true testament that we’re working on something unique,” said Keegan. “The confidence we’ve received from the investor community enables us to get our product to market quicker as we continue to execute our business model.”

 

About Wurk

Wurk is a Payroll and HR platform specifically designed for the highly regulated cannabis industry. Our platform automates the processes associated with hiring, managing and paying employees, greatly reducing costs for employers, and making administrative tasks easier, less error-prone and quicker for employees. The Wurk platform includes tools to manage compliance with industry-specific regulations like Federal income tax code section 280E and state-specific requirements for employee registration and badging.  Wurk provides an ecosystem of industry experts specializing in 280E tax law, accounting, human resources, cannabis corporate law, and banking. Learn more www.enjoywurk.com

 

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Media Contact:

North 6th Agency

Robert Vanisko

wurk@n6a.com

212.334.9753

 

 

TechCrunch: Wurk raises $1M to help cannabis companies manage their people

TechCrunch Emerging Technologies Editor Lora Kolodny wrote about Wurk’s Seed Round closure:

 

A “pottech” company called Wurk has raised $1 million in seed funding to help cannabis businesses such as dispensaries or growers to comply with all the different regulations coming into play around the burgeoning, legal cannabis industry.

 

The seed deal closed before various ballots are voted on today in the U.S., that could make the sale and use of marijuana legal for adults in a broad number of new markets.

 

Wurk CEO Keegan Peterson said his company’s software-as-a-service helps cannabis businesses do everything from background checks of potential new hires, to managing employees’ schedules, benefits, training, and making sure they get paid on time. Read the entire post.

WP Soar: How to Turn Employees into Assets

Recently Soar Above Success Podcast Interviewer Yury spent time interviewing Keegan Peterson. During their conversation they discussed Human Resources and how Wurk makes it easy for employers to execute and ensure compliance. This podcast is packed full of useful information you’ll want to hear. Listen to the podcast.

Mindful Embraces Wurk’s Payroll and Human Resource Technology Platform

Sophisticated HR and Payroll Tools Streamline Compliance Processes for Cannabis Industry Leader

 

Denver, Colorado—Tuesday, June 28, 2016—Wurk—the only complete payroll and HR platform serving the cannabis industry, and Mindful—the industry leader for hand-crafted recreational and medicinal cannabis, today announced their partnership to provide Wurk’s entire platform to Mindful’s entire team. Wurk extends Mindful’s brand promise of ‘doing well by doing good’ through to their HR processes and employees.

 

“By streamlining our time clocks and payroll, Wurk has offered immediate efficiencies to our employee management teams, which has a combined 50 years experience,” said Mindful CEO Meg Sanders. “Multi-user access for administrators has also been a huge help. Through Wurk, we are able to offer our team members desktop and mobile access to their time clock, pay statements and W-2’s.”

 

Over the last couple of years, Mindful tried several different payroll and HR solutions. Due to the lack of functionality and features, those solutions left much to be desired. With expansion into multiple states scalability became a priority to meet their rapid growth.

 

Wurk provides Mindful the full suite of payroll and HR solutions designed specifically for the special compliance needs of today’s cannabis business owner. Wurk’s technology platform succinctly and easily ties together HR Management processes including:

  • Streamlined recruitment and hiring
  • Automated onboarding and ACA compliance
  • Enabled labor costing (280e management)
  • Scheduling and tracking employee time
  • Error-proof payroll and taxes
  • National scalability

 

“We are thrilled to work with a business solutions company that understands our need for bandwidth and efficiencies,” shared Sanders.  “They are setting a high standard for the Cannabis industry.”

 

“Mindful is an industry leader with deep human resources experience,” said Wurk Founder & CEO Keegan Peterson. “We are humbled to be part of Mindful’s market expansion efforts and support the amazing brand they have built for the cannabis industry. Working with them is a testament to the power of our HR technology platform.”

 

About Wurk

Wurk– the only complete payroll and HR platform serving the cannabis industry—provides an entire human resource system integrated into one platform. With mobile self-service tools that ensure compliance, employers are empowered to provide efficient communications to all their employees. Experience the power of Wurk today! Visit us at www.enjoywurk.com.

 

About Mindful

Mindful–the industry leader for hand-crafted recreational and medicinal cannabis—ethically serves the global community. Our vision is to improve the quality of our human experience. We do well by doing good. With core values of integrity, accountability, respect and innovation—Mindful encourages everyone to BeMindful.Today.

 

Download the PDF of the Press Release.

Wurk Featured in Civilized

Civilized Associate Editor Julia Wright recently interviewed Keegan Peterson, Wurk’s Founder and CEO for a feature story about the company. During the interview, Peterson states that “cannabis companies need to meet the standards of the 21st century workplace.”

 

Wright goes on to write: “While technology like this exists in almost every other industry, the banking hurdles that still exist for the cannabis industry have prevented many companies from finding fully integrated solutions to their HR woes.

“The companies that sell this tech are backed by national banks that won’t allow them to sell to this industry,” said Peterson. “A lot of major payroll companies shut down marijuana accounts, and tell them they can’t use their payroll systems.”

 

Würk has worked around these strictures by creating partnerships with banks that are open to the industry.

 

The bottom line, he says, is that legal cannabis represents a massive opportunity in a era of chronic, high unemployment – and a higher standard of organization is what will allow the industry to flourish.”

 

Read the entire article.