5.0
Frequesntly Asked Questions
Answers to common cannabis accounting questions to guide your business with clarity & strategy.
Cannabis businesses face strict regulatory and tax requirements—most notably IRC §280E, which disallows standard business deductions. Our cannabis-specific accounting ensures your business stays compliant, audit-ready, and financially optimized.
Our CFO advisory service provides strategic financial leadership—cash flow forecasting, financial modeling, performance analysis, and investment planning—so you can make data-driven decisions and scale with confidence.
IRC §280E prohibits cannabis businesses from deducting ordinary business expenses because cannabis is federally classified as a Schedule I substance. This can drastically increase your tax liability. Our tax planning strategies help minimize this impact legally.
Yes, we guide new cannabis businesses through proper entity structure selection, license applications, financial projections, and building compliant accounting systems from day one.
Absolutely. We specialize in audit readiness. Our team will ensure your books, reporting, and tax filings align with both federal and state requirements to withstand audits confidently.
Yes. We provide full-service cannabis bookkeeping, including chart of accounts setup, inventory tracking, cost accounting (COGS), and reconciliation—built specifically for dispensaries, cultivators, and manufacturers.
We serve cannabis clients nationwide. Whether you're in a mature market like California or a newly legalized state, we understand the state-specific regulations and can help you stay compliant.
Through meticulous cost segregation, COGS optimization, and proactive tax planning, we help you legally reduce your taxable income while remaining compliant with §280E and state tax codes.
Yes, we work with leading cannabis POS and seed-to-sale platforms, including METRC. We ensure your accounting system integrates properly and tracks financial data accurately from cultivation to sale.
Getting started is easy. Book a free consultation through our website. We’ll assess your needs, explain our process, and create a tailored proposal based on your business stage and goals.
Our firm offers flexible and transparent pricing structures tailored to meet diverse financial needs. We provide hourly consulting fees for clients seeking short-term advice or specific financial guidance.