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Paypro Launches Payroll, Workforce Management Service for Cannabis Companies

That includes direct deposit, pay cards and federal and state tax compliance.

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Paypro Workforce Management, a provider of HR solutions, is stepping up to support the underserved cannabis industry with comprehensive payroll and workforce management solutions. This service comes at a time when traditional providers have retreated from the industry, leaving many cannabis businesses and their employees struggling with outdated pay practices like cash payments or paper checks.

Paypro is offering payroll and HR solutions specifically designed for the needs of the cannabis industry. Their suite includes:

  • Direct deposit and pay cards: Ensure employees receive their pay quickly, securely, and reliably.
  • Federal and state tax compliance: Expert guidance and automated tax calculations navigate the complexities of cannabis regulations.
  • Detailed reporting and analytics: Gain valuable insights into workforce data for informed decision-making and compliance oversight.

To further strengthen its compliance capabilities, Paypro has partnered with StandardC, a provider of banking & financial services compliance, to use the Unified Customer Management (UCM) software. StandardC's platform integrates with Paypro's systems, providing:

  • Real-time cannabis risk management: Continuously evaluates cannabis business license status, business registration, and AI-powered KYC screening of cannabis business entities and their beneficial owners.
  • Proactive alerts and mitigation: Provides immediate notification of potential risks and guidance on corrective actions, minimizing business exposure.
  • Streamlined audit preparation: Simplifies compliance documentation and audit preparation, saving businesses time and resources.
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