cannabis CFO Archives - Page 2 of 3 - Cannabis CPA, CFO, Bookkeeping & Accounting Firm

02 Oct 23

De-scheduling Cannabis: A Glimpse into the Future

What you Should Know about the Possibility of Cannabis being Rescheduled By Sandy Suchoff, Founder and Principal at The Canna CPAs The winds of change are blowing through the cannabis industry, and the prospect of de-scheduling cannabis from Schedule 1 of the Controlled Substances Act has captured the attention of…

25 Sep 23

Evaluating Investment Opportunities in the Cannabis Industry

What to Look for When Considering Investment Opportunities in the Cannabis Industry The cannabis industry’s rapid growth has sparked significant interest from investors seeking lucrative opportunities. However, investing in this dynamic sector requires a comprehensive understanding of the unique considerations that come with it. In this blog, we delve into…

18 Sep 23

Cash Management Solutions for Cannabis Businesses

Navigating Cannabis Banking Challenges In the dynamic landscape of the cannabis industry, effective cash management is not just an operational necessity—it’s a strategic imperative. This blog delves into the unique banking challenges that cannabis businesses face and offers practical cash management solutions to ensure smooth financial operations and sustained growth.…

14 Aug 23

Understanding Cost Accounting for Cannabis Cultivators, Processors, and Dispensaries

What is Cost Accounting? Cost accounting plays a crucial role in the cannabis industry, where cultivators, processors, and dispensaries face unique challenges due to strict regulations and rapidly evolving market dynamics. Accurate cost accounting provides valuable insights into the profitability of various operations within the supply chain. In this blog,…

31 Jul 23

Exit Planning for Cannabis Businesses: Securing Your Future Success

For cannabis entrepreneurs seeking to exit their businesses, strategic planning is essential to ensure a smooth transition and maximize value. At The Canna CPAs, we are certified exit strategists specializing in the cannabis industry, and we can help guide you through the process with a comprehensive approach. Our seven-step exit…

24 Jul 23

Underscoring Proper Record Keeping for Cannabis Businesses

Cannabis businesses are subject to unique legal and regulatory requirements, and proper recordkeeping and accounting are essential for success in this industry. In this blog, we will explore the importance of proper recordkeeping and accounting for cannabis businesses. Compliance with Regulations Cannabis businesses are subject to a range of state…

17 Jul 23

Management Companies for Cannabis Businesses and Alternative Health Care v. Commissioner

As the cannabis industry continues to grow and evolve, businesses are faced with unique legal and regulatory challenges. One area that has gained attention is the use of management companies to provide services to cannabis businesses. While the use of management companies may seem like a viable option, there are…

29 Jun 23

The Marijuana Industry’s Growth Demands Better 280E Tax Compliance and Guidance

Marijuana, classified as a Schedule I controlled substance under the Controlled Substances Act, faces unique challenges in the business world. One major hurdle is the limited banking access for marijuana businesses. Moreover, these businesses are subject to a specific tax provision, Internal Revenue Code (I.R.C.) Section (§) 280E, which prevents…

19 Jun 23

Why Cannabis CEOs Should Only Work With A Top-Notch Cannabis CPA Firm

Why should you hire a Cannabis CPA? As the cannabis industry continues to grow, so does the need for specialized financial services. One crucial aspect of this is working with a cannabis-focused CPA firm. While any CPA firm can technically work with a cannabis business, there are several reasons why…

08 Jun 23

The Challenges of Accounting for Cannabis Dispensaries

Accounting for Cannabis Dispensaries Cannabis businesses are becoming increasingly popular across the United States as more and more states legalize its use for medical and recreational purposes. However, with the growth of the industry comes unique challenges for accounting professionals, particularly for those working with cannabis dispensaries. From cash control…

cannabis CFO

De-scheduling Cannabis: A Glimpse into the Future

Evaluating Investment Opportunities in the Cannabis Industry

Cash Management Solutions for Cannabis Businesses

Understanding Cost Accounting for Cannabis Cultivators, Processors, and Dispensaries

Exit Planning for Cannabis Businesses: Securing Your Future Success

Underscoring Proper Record Keeping for Cannabis Businesses

Management Companies for Cannabis Businesses and Alternative Health Care v. Commissioner

The Marijuana Industry’s Growth Demands Better 280E Tax Compliance and Guidance

Why Cannabis CEOs Should Only Work With A Top-Notch Cannabis CPA Firm

The Challenges of Accounting for Cannabis Dispensaries

Building a Scalable Accounting System for Cannabis Operations

How CFOs Can Improve Cannabis Business Profit Margins

Creating a Scalable Financial Strategy for Cannabis Entrepreneurs

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