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WHAT WE DO
FOR CANNABIS ENTITIES LOOKING TO GET TO THEIR DREAM FUTURE STATE
There are 30,000+ legally licensed cannabis businesses in operation today throughout the United States. Cannabis is the largest and fastest growing industry in the world. Many businesses need accounting professionals who specialize in this under-served area. This is because proper accounting for a cannabis business is unlike accounting for any other industry, due to its complex compliance issues, banking laws, tax limitations and reporting requirements. As such, very few accounting professionals are qualified to take on this type of work.
WE PROVIDE COMPREHENSIVE ACCOUNTING AND TAX SOLUTIONS FOR THE CANNABIS INDUSTRY.
- ROCK SOLID, WORLD CLASS ACCOUNTING: Can better manage your company, can survive any state or federal audit, easier to secure and maintain lending, adds huge value at any exit or M&A.
- IMPROVED CASH FLOW: More money to take home, Easier to manage and grow the business, Insures long term stability and sustainability.
- WORLD CLASS REPORTING: Better able to run and grow the business, Better able to identify, manage, and mitigate risks, Better able to plan for the long term, Better able to pivot when challenges arise, Better communications with Management Team, Board, Investors, and Lenders.+
- LOWER TAXES: Consistent with marijuana’s classification as a Schedule I controlled substance, Section 280E disallows taxpayers from taking tax deductions and claiming tax credits attributable to marijuana businesses. Section 280E does not prevent marijuana businesses from reducing their gross receipts by the cost of goods sold (COGS) when calculating their federal income tax liability. We are experts in 280e and can help you with your cost accounting to achieve the legally lowest possible tax liability.
