Missing cash. Unaccounted expenses. Vanishing inventory. In the Cannabis industry, these aren't just minor bookkeeping errors – they're ticking time bombs that can obliterate your business's compliance, credibility, and bottom line.

Ignoring or glossing over these issues isn't an option. Cannabis companies operate under intense scrutiny, and the consequences of mishandling discrepancies can be severe. But how do you address these problems compliantly without derailing your operations?

Join us for this critical podcast: "Navigating Accounting Discrepancies in Cannabis: Compliance, Prevention, and Resolution" with Andrew Hunzicker, CPA and Cannabis accounting expert.

In this no-holds-barred session, we dive into:

• The real risks of unresolved accounting discrepancies in the Cannabis industry

• Step-by-step protocols for addressing missing cash, unaccounted expenses, and inventory gaps

• Proactive strategies to prevent discrepancies before they occur

• How to maintain ironclad documentation that satisfies even the strictest regulators

• Building a culture of accuracy and accountability in your Cannabis operation

Don't let accounting discrepancies threaten your Cannabis business's future. Arm yourself with the knowledge and strategies to tackle these issues head-on and keep your operation running smoothly and compliantly.

Tune in and transform your approach to Cannabis accounting accuracy.

Cannabis companies need capital to grow. As their trusted advisor, are you prepared to help them get it?

Many accountants struggle to structure, price, and sell capital raising services to Cannabis clients because they've...

• Never done it.

• Don't know how to do it.

• Aren't aware of the crucial role that they play in helping companies proactively stay capitalized enough to fund future endeavors and whether the turbulent storms of the industry.

But with the right approach, you can become an indispensable partner in your clients' growth journey.

In this episode, you'll learn:

• How to package and price capital raising services for Cannabis clients

• Effective strategies to pitch these services and demonstrate their value

• Key considerations for Cannabis fundraising that set you apart from generalist accountants

• Techniques to guide clients through the due diligence process investors demand

• The importance of maintaining connections with investors and potential providers for your clients.

Don't let uncertainty hold you back from offering this vital service. Expand your expertise, grow your practice, and become the go-to CFO for ambitious Cannabis companies.

With the Cannabis industry constantly changing, staying on top of the latest compliant inventory practices can feel untenable. Unfortunately, failing to remain compliant can lead to disastrous financial and legal repercussions for your client, your business, and your reputation.

If you are struggling to navigate inventory compliance, you are not going to want to miss our latest podcast “Compliant Rock Solid Live Inventory Counts." Led by DOPE CFO Founder, Andrew Hunzicker, CPA, learn directly from Andrew as he shares his expert insights and strategies on maintaining accurate inventory compliance.

During this podcast, you will learn:

• Internal Revenue Code 471 and how to stay compliant

• Best practices, tools, and workpapers for successful inventory accounting

• Compliant inventory count practices and procedures

• RC 471-2 Lower of Cost or Market considerations along with tools and processes for cost accounting

• Legal and financial liabilities for mismanaged inventory

• And so much more…

Whether you are looking for help understanding inventory compliance or searching for tools to effectively better manage inventory, this podcast will guide you through the intricacies of inventory compliance accounting.

Don’t let poor inventory accounting practices jeopardize your business!

Tune in and equip yourself with compliant best practices to drive your business’ growth in the Cannabis industry.

Vertically integrated Cannabis companies have complex accounting needs that span multiple entities and require a team of specialists to ensure compliance and optimal financial performance. Trying to handle it all alone can lead to burnout, missed opportunities, and costly mistakes. 😰

But building an accounting team that can effectively serve these clients feels like a daunting task, especially for solo firms or small practices. How do you know which roles to hire for? What's the right balance between in-house and outsourced talent? 🤔

Get answers to these critical questions and more in our latest podcast. In this practical, hands-on episode, Andrew Hunzicker, CPA and Cannabis accounting expert, lays out a proven blueprint for assembling a lean, efficient team that can handle the complex needs of vertically integrated clients.

You'll walk away with:

• Clarity on the essential roles you need to cover, from day-to-day accounting to CFO-level strategy

• A practical framework for deciding when to hire vs. outsource key functions

• Proven strategies for managing cash flow, profitability, and compliance across multiple entities

Don't let the fear of building a team hold you back from pursuing large, lucrative clients in the Cannabis space. Listen in to gain the confidence and practical guidance you need to assemble a powerhouse accounting team that can handle even the most complex vertically integrated businesses.

Navigating real estate decisions for your Cannabis business is a complex process with no one-size-fits-all solution. Whether you're setting up a cultivation facility, manufacturing plant, or dispensary, understanding the pros and cons of leasing vs. owning and the tax implications of each is crucial to making informed decisions that align with your unique goals and circumstances. 🌿💡

Leasing may offer more flexibility and lower upfront costs, but it also means you're at the mercy of a landlord and may face unexpected rent hikes or even eviction. Owning your property provides long-term stability and control, but it also requires significant capital investment and ties up your cash flow. 💸

The stakes are high, and with so many factors to consider, it's easy to feel overwhelmed. But by arming yourself with the right knowledge and strategies, you can confidently navigate the Cannabis real estate landscape and make choices that set your business up for success. 💪

Listen in to this informative podcast, "Real Estate Strategies for Cannabis Businesses: Navigating Leases, Ownership, and Taxes," as Andrew Hunzicker, CPA and Cannabis accounting expert, breaks down the key considerations for Cannabis real estate and provide actionable insights to help you make decisions that fit your unique needs.

You'll learn:

• The advantages and disadvantages of leasing vs. owning Cannabis real estate

• Factors to consider when choosing a location and property type for your operation

• Tax planning strategies and potential pitfalls associated with Cannabis real estate

Whether you're a cultivator, manufacturer, or retailer, this session will provide you with the tools and knowledge you need to develop a real estate strategy that supports your business goals and minimizes risk.

Don't let uncertainty around real estate hold you back. Tune in and gain the clarity and confidence you need to make informed decisions for your Cannabis venture.

There are two reasons why cultivators need proper financial modeling:

• For licensing. Most states require some form of a plan that illustrates that you understand what your operating costs will be and that you have enough capital to fully fund operations.

• For investors and operators alike, modeling is incredibly important to ensure that there is a plan for a successful outlook for the business based on actual information and experience vs guessing.

But creating a comprehensive financial model for a Cannabis business is no easy task. From understanding the true costs of cultivation to navigating complex regulations and market fluctuations, there are countless factors to consider. Overlooking key details or making overly optimistic assumptions can lead to missed targets, cash flow problems, and disappointed investors.

In this episode, Andrew shares the essential considerations and tools needed for creating robust, realistic financial models that can help you navigate the unique challenges of the Cannabis industry.

During this podcast, you'll learn:

• The critical importance of understanding best-case, worst-case, and realistic scenarios in your financial projections

• Key factors to consider when modeling the true costs of Cannabis cultivation, processing, and distribution

• How to account for often-overlooked expenses and potential roadblocks to profitability

• Strategies for building flexibility into your financial model to adapt to changing market conditions and regulations

• The vital role of understanding Cannabis grow cycles and industry-specific metrics for accounting professionals

... and more!

Whether you're a Cannabis entrepreneur looking to create a solid financial foundation, an investor aiming to make informed decisions, or an accounting professional seeking to better serve your Cannabis clients, this podcast is packed with valuable insights you won't want to miss.

In order to do proper inventory and cost accounting, accountants must have the proper processes and systems in place to meet compliance rules.

Since Cannabis is considered a Schedule I substance, under 280E companies that sell or “traffic” the plant are not able to take deductions like typical businesses can. However, the DEA is on the verge of rescheduling the drug to Schedule III which eases the tax burden of 280E, and can create more complexities for Cannabis companies and the accountants that serve them.

In our latest episode, we discuss the ins and outs of cost accounting and compliance for the current landscape of the Cannabis industry, and what’s to expect when the plant inevitably gets rescheduled by the DEA.

We cover concepts that include:

• Inventory accounting best practices, tools, workpapers, and procedures

• IRC 471-2 Lower of Cost or Market considerations

• Compliant inventory count procedures

• Cultivation and manufacturing cost accounting considerations (how to find the cost to grow a pound of weed or gram of oil)

• Dispensaries and IRC 471-3

…and more!

Our guest on today's episode of the DOPE CFO Podcast is Alyssa J. Dillon. Alyssa is a former CFO that managed the accounting for non-profits.

After quitting her job in 2018 with $1000 to her name, and after having two children in one year, she had to figure out what to do, and working for someone else wasn't the answer. Within a few short months, Alyssa was bringing in clients and making over $25k/month and hasn't stopped. Fast forward to today, she's helping (non-cannabis) accountants quickly build thriving firms using the systems and practices that she's employed that have helped her become successful.