leveling the playing field for cannabis businesses

portrait of brian whalen
whalen

green bean cfo tackles the common problem of irs form 8300.

by liz gold
cannabizcpa.pro

“a savvy ceo owner knows that a world-class cannabis finance and accounting team is a necessity and a competitive advantage,” writes brian whalen, cpa in the opening to his book, “cannabis entrepreneurs’ guide to accounting, taxation & financial compliance.”

more on cannabiz: strimo: new tech for managing cannabis business performance | cohnreznick goes national on cannabis | minorities, women & cannabis | cpa takes his cannabis practice on the road | leveraging r&d credits and depreciation for cannabis clients
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“there is only one right way to do cannabis accounting,” he writes. “doing accrual/cost accounting in accordance with generally accepted accounting principles (gaap) ensures that you pay as little tax as possible, are always state compliant and irs audit-ready, and have financial statements ready for securing investors and lenders. in addition, performance metrics can be harnessed from your financials and used to set goals for operations and management.”
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strimo: new tech for managing cannabis business performance

portrait of jacques santucci
santucci

could this be the new standard?

by liz gold
cannabizcpa.pro

if you’re in the cannabis industry and you’re working with cannabis clients, you’ve likely had your fair share of experiences with point-of-sales systems. like all technology, some platforms work better than others and the key is to find the right system for your company’s particular needs. often it’s a compromise or giving up a function for a feature that is more important.

more on cannabiz: cohnreznick goes national on cannabis | cannabis: embracing risk as a market advantage | john pellitteri takes grassi full steam into the cannabis industry | moving beyond 280e: dean guske on the cannabusiness
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enter strimo.
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cohnreznick goes national on cannabis

portrait of michael harlow
harlow

tax maven michael harlow leverages firm’s real-estate prowess to build a new national niche.

by liz gold
cannabizcpa.pro

as the tax lead for cohnreznick’s cannabis practice, michael harlow, says the biggest barrier to entry for cannabis businesses on the east coast is finding the right real estate for their endeavor.

more on cannabiz: cannabis: embracing risk as a market advantage | cristina garza: keeping cannabiz clients in compliance | cannabis: top trends to watch in 2019 | cannabis cpa carves out investment research niche | ‘genius accountant’ helps cannabiz clients manage effectively | bruce jolliff: jumping into cannabis head first | mark guiley oversees new cannabis niche | jessica velazquez on cannabis accounting and activism | podcast: jim marty and cory parnell go national | 5 biggest mistakes cannabis ceos make
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“the biggest barrier to entry for east coast cannabis businesses is finding the appropriate real estate for their endeavor,” says harlow, cpa and national tax leader for cohnreznick’s cannabis practice. read more →