From Seed to Sale, We’ve Got the Numbers 

We provide the financial leadership that’s usually reserved for larger companies, at a fraction of the cost.

Our services include:

• Cash flow management

• Financial reporting and oversight

• Informed decisions driving growth and profitability

• Planning and analysis

• Forecasting and budgeting

• Our team of experts, specializing in cannabis accounting and tax compliance, supports clients across the cannabis industry, including growers, cultivators, dispensaries, extractors, processors, and manufacturers.
   

• We have a deep understanding of the complexities of tax laws and work closely with our clients to ensure full compliance with regulations, including IRC 280E and IRC 471. Additionally, we assist with state sales and excise tax reporting, providing comprehensive solutions to meet all compliance requirements.
   

• Staying tax compliant is essential for sustained success and growth in the cannabis industry, and we help relieve the stress of navigating these challenges, allowing our clients to focus on building their businesses.

We provide GAAP compliant accounting and bookkeeping services. Our services include:

• Financial statement preparation

• Monthly cost accounting

• Data entry of revenue and expenses

• Month-end close process and general ledger reconciliations

• Cash/bank/credit card reconciliations

• Chart of accounts tailored to the cannabis industry

• Monthly bookkeeping and transactional recordkeeping

• We are also flexible in tailoring to your specific business accounting needs

• Cannabis is classified as a Schedule 1 narcotic under the Controlled Substances Act (CSA), making its production and sale illegal under U.S. federal law. Even with that many states have legalized cannabis for medicinal and, in some cases, recreational use.

• Under IRC 280E, businesses involved in the production and sale of Schedule 1 narcotics are prohibited from deducting or claiming tax credits for expenses incurred during normal business operations. Our team of cannabis accounting experts understands the complexities of IRC 280E and provides tailored strategies to navigate its intricacies, helping to minimize its tax impact and alleviate compliance stress.

• IRC 471 offers guidance on properly reporting inventory costs, a critical aspect of cannabis accounting. With its numerous sections and subsections, IRC 471 can be particularly confusing for cannabis business owners and accounting professionals unfamiliar with the industry. Our experts specialize in applying this regulation to cannabis operations, ensuring your accounting and reporting systems align with federal tax law requirements.