Blog Archives - Page 12 of 13 - Cannabis CPA, CFO, Bookkeeping & Accounting Firm

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21 Feb 23

What Do Cannabis Businesses Need to Understand About Exit Strategies?

As cannabis businesses grow and change, having an exit strategy is essential for success and continued growth. Exit strategies are often used to maximize the value of a business when it is time to sell or transition ownership. While no two cannabis businesses are alike, there are some key factors…

07 Feb 23

The Canna CPAs receive the highest accolades as the top-notch marijuana and cannabis accounting firm.

We are thrilled to announce that BestMarijuanaGuide.com, a comprehensive directory for cannabis products and suppliers, has recognized our firm as the top Marijuana & Cannabis Accounting Firm. This accolade is a testament to our team’s hard work and dedication, and we are incredibly proud to be recognized in this way.…

31 Jan 23

What is the “Lord” Case and What Was Its Impact in the Cannabis Industry?

Lord v Commissioner, March 4, 2022, is a landmark tax court case whose ruling in the cannabis industry has been consistently upheld in similar cases and has had major implications for taxes for many years. The case involved a taxpayer, Richard Lord, an S-Corporation shareholder in a Colorado grow, who…

11 Jan 23

What Are the Benefits of Having a CFO for My Cannabis Business?

If you own or operate a cannabis business, having an experienced Chief Financial Officer (CFO) on board can provide numerous benefits. A CFO is responsible for financial planning, budgeting, reporting, and analysis of your business’s financial performance. By understanding the complex regulatory landscape surrounding the cannabis industry, they are able…

13 Dec 22

Maryland Becomes 20th State to Legalize Adult-Use Cannabis.

Cannabis had come up a long way since the 1960s and 1970s when it was thought to be a dangerous drug and was illegal in most states. Today, cannabis is legal for both medical and recreational use in more than half the states. The most recent state to legalize recreational…

15 Nov 22

CPA Trendlines Full Article

She cites the usual complicators: 280E, the dearth of banking services By CPA Trendlines Research Sandy Suchoff’s initial interest in cannabis came when a family member had an immune deficiency condition. The treatments seemed almost as hazardous as the disease itself. Medications came with lists of serious side effects and…

21 Nov 18

Cannabis Bookkeeping & Accounting Strategies

With cannabis legalization spreading like wildfire throughout the country, the marijuana industry is fast on its way to prosperity. The cannabis business landscape is becoming increasingly competitive and cannabis firms that do not adapt their financial strategies accordingly find themselves facing complex financial troubles. Not staying up-to-date with federal regulations…

15 Nov 18

Why Cannabis Business Needs Public Accountants?

Wanna know why cannabis business needs public accountants? SandySandy Suchoff, CPA is the Founder and principal of Lefstein-Suchoff, CPA & Associates, LLC D/B/A The Canna CPAs. Suchoff has been featured and interviewed on MSNBC, FOX News, and Tune In Business Talk Radio as a tax advisor, as well as ONR…

13 Nov 18

What to Look for When Choosing Your Cannabis Accountant

With an average of $10 billion made in 2018 and an expected increase to $20 billion in the next coming years, the cannabis business is thriving and prospering. The market for cannabis is growing rapidly and more and more avenues are opening up to streamline its supply. With so much money…

28 Sep 18

2 Important Things to Keep In Mind Before You Start Your Own Weed Business

Recreational marijuana has been legalized in nine states and D.C, resulting in new marijuana businesses sprouting each year. Before you start your own weed business, here is what you should know: Entry & Operation Is Expensive Every upcoming entrepreneur has to face the reality of the startup cost. For those looking…

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What Do Cannabis Businesses Need to Understand About Exit Strategies?

The Canna CPAs receive the highest accolades as the top-notch marijuana and cannabis accounting firm.

What is the “Lord” Case and What Was Its Impact in the Cannabis Industry?

What Are the Benefits of Having a CFO for My Cannabis Business?

Maryland Becomes 20th State to Legalize Adult-Use Cannabis.

CPA Trendlines Full Article

Cannabis Bookkeeping & Accounting Strategies

Why Cannabis Business Needs Public Accountants?

What to Look for When Choosing Your Cannabis Accountant

2 Important Things to Keep In Mind Before You Start Your Own Weed Business

Do Cannabis Delivery companies need a 280e accounting firm?

Do hemp beverage companies need a Cannabis CFO?

280-E Accounting for Minnesota Cannabis Companies

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