What we do

We specialize in accounting, tax and advisory services for cannabis entrepreneurs. Our accounting processes have you covered from seed to sale to legally maximize tax savings, provide audit protection, licensing compliance and financial transparency. Regardless of where you are in your journey from startup to multi-vertical organization, correct cannabis accounting will give you the foundation you need to achieve your goals. We will help you minimize risk, manage cash flow and make sure you have all the tools you need to focus on executing your business strategies.

Cannabis is an ever-evolving landscape with many specific challenges, regulations, seed to sale tracking, various sales and income taxes, the possibility of descheduling and what that will mean to you. Solid financials that you can trust are going to be essential to efficiently manage your business, plan for the future and to run all aspects of operations including cultivation, manufacturing, distribution, and retail.

How we do this

  • Reduce tax and remain 280E compliant with cannabis cost accounting by utilizing various internal revenue codes and treasury regulations substantiated by case law.

  • Standard Operating Procedures to streamline accounting functions, manage cash flow and minimize inefficiencies.

  • GAAP accounting for the ultimate in financial reporting, so you and your investors can rest easy.

  • Perpetual Data Room so you have real time access to monthly financials, cash flow reports, key performance indicators, articles of incorporation and other mission critical documentation.

  • CFO services, tax compliance, tax planning, payroll and advisory.

  • Audit, exit and investor ready financials.

  • Licensing compliance including inventory management and seed-to-sale reconciliations.

IRC 280E

Internal Revenue Code 280E states that no tax deduction or credit shall be allowed for any trade or business engaged in the activities or trafficking of a controlled substance as defined by schedule I and schedule II of the controlled substances act. This creates a harsh tax climate for cannabis entrepreneurs. Descheduling will be a game changer and you’re going to need to be able to assess your situation and make quick decisions as the earth moves beneath your feet. Solid financials and strategy sessions will illuminate your path as you blaze a trail forward or make an exit.