#cannabis cfo

[berleycpallc]

Berley CPA, LLC

Welcome to my420cpa.com – Your Premier Destination for Expert Cannabis Financial Services.

Are you navigating the complex financial landscape of the cannabis industry? Look no further. At my420cpa.com, we specialize in providing top-tier financial solutions tailored specifically for the cannabis sector. Explore our range of services to discover how our seasoned professionals can elevate your cannabis business.

Cannabis CFO Services: Our team of experienced cannabis CFOs at my420cpa.com is here to guide you from financial planning to budgeting; our CFO services are designed to optimize your business operations and drive sustainable growth. Trust us to be your partner in steering your cannabis enterprise towards financial success.

Cannabis Accountant Expertise: Precise and meticulous accounting is crucial in the cannabis industry. Our dedicated team of cannabis accountants at my420cpa.com is well-versed in the intricacies of cannabis bookkeeping. We offer comprehensive accounting services to ensure accuracy, compliance, and financial transparency. Let us handle your financial records so you can focus on what matters most – growing your cannabis business.

Trusted Cannabis CPA Services: As a leading Cannabis CPA firm based in California, my420cpa.com is your trusted partner in navigating the ever-changing regulatory landscape. Our team of certified public accountants specializes in providing tailored solutions for the unique challenges faced by cannabis businesses. From compliance issues to financial reporting, our cannabis CPAs have the expertise to keep your business on track.

Cannabis Tax Expertise: Taxation in the cannabis industry is intricate and requires specialized knowledge. At my420cpa.com, our cannabis tax experts are well-versed in the tax nuances specific to the cannabis sector. We provide strategic tax planning and compliance services, ensuring that your business remains in full accordance with tax regulations. Trust us to be your dedicated cannabis tax experts, guiding you through the complexities of tax management.

Explore the tailored financial solutions offered at my420cpa.com and discover the difference that expert cannabis CFOs, accountants, CPAs, and tax professionals can make for your business. We pride ourselves on being your trusted financial partner, dedicated to supporting the growth and success of your cannabis enterprise.

Visit my420cpa.com today and embark on a journey to financial excellence in the cannabis industry. Your success is our priority.

Website:

[stevenberley]

My420cpa Cannabis CPAs aim to support your company's goals while maintaining confidentiality to build an effective working relationship. We have business expertise beyond the accounts books; we fully understand your best interests and are linked with your goals and objectives to offer services fulfilling your requirements.

We specialize in providing professional financial services to businesses operating in the cannabis industry. We aim to assist cannabis entrepreneurs and operators in conducting the complex economic and regulatory landscape unique to the cannabis industry. 

My420cpa offers a wide range of services, including tax preparation, financial planning, bookkeeping, audit and assurance, compliance consulting, and business advisory service. The company assists clients in keeping them aware of the most recent laws and regulations and recognizes the value of compliance with local, state, and federal standards.

We have a team of experienced and knowledgeable professionals who are well-informed about the intricacies of the cannabis industry. They provide customized solutions tailored to meet the unique needs of each client. My420cpa is committed to providing accurate and reliable financial information to help clients make well-versed decisions and achieve their business goals. With the rapid growth in the industry, the demand for specialized financial services has increased. Our team of cannabis accountants is well-literate for providing the expertise and guidance required for succeeding in this dynamic and exciting industry.

[the-canna-cpa]

Profitability Enhancement https://thecannacpas.com/

Call Us! (833) 272-2262

[my420cpaus]

CFO For Cannabis

Our primary mission is to deliver professional care and support to facilitate the achievement of your business objectives. We are committed to nurturing trusting relationships with our clients, deeply understanding and aligning with their goals. Rest assured, your well-being and success are our top priorities. We aim to provide the freedom and assistance necessary for you to excel. How can we further assist you on your journey to success? Your goals are our guiding star, and we're here to help you reach them with unwavering dedication and expertise.

CFO For Cannabis

[cannabisbusinessexecutive]

Building a Sustainable Cannabis Dispensary: Practices That Lower Your Carbon Footprint & Drive Customer Loyalty

By Brendan McKee, Co-Founder, CFO & COO, Silver Therapeutics A recent PwC survey found that 46% of consumers are buying more sustainable products to reduce their carbon footprint. In fact, consumers are actually willing to pay nearly 10% more (9.7%) above average price for sustainable products. What does this tell us? Today’s consumers are becoming more aware of how their consumption habits…

[impact-newswire]

Cresco Labs Announces Dennis Olis to Retire as Chief Financial Officer

Taps BJs Wholesale Club Executive Sharon Schuler for Planned Transition Financial executive Sharon Schuler joins Cresco Labs and will succeed retiring CFO Dennis Olis (Photo: Business Wire) CHICAGO – Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the…

[berleycpawa]

Welcome to BerleyCPA.com – Your Premier Partner in Cannabis Financial Excellence Embark on a journey towards financial excellence in the cannabis industry with BerleyCPA. As industry leaders, we specialize in providing unparalleled financial services tailored specifically for the unique needs of cannabis businesses. Explore our comprehensive range of services to discover how our team of experts can elevate your cannabis enterprise.

Cannabis CFO Services: At BerleyCPA, we understand the strategic importance of financial leadership in the cannabis sector. Our team of seasoned cannabis CFOs is dedicated to providing expert guidance for your business. From financial planning to budget optimization, our CFO services are designed to maximize your operational efficiency and foster sustainable growth. Trust us to be your partner in navigating the financial complexities of the cannabis industry.

Cannabis Accountant Expertise: Accurate and meticulous accounting is fundamental in the cannabis business. BerleyCPA boasts a team of dedicated cannabis accountants with extensive experience in cannabis bookkeeping. Our comprehensive accounting services ensure accuracy, compliance, and transparency in financial reporting. Let us handle your financial records, allowing you to focus on cultivating success in the cannabis industry.

Trusted Cannabis CPA Services: As a reputable CPA firm, BerleyCPA.com is your trusted ally in the cannabis industry's ever-evolving regulatory landscape. Our certified public accountants specialize in providing tailored solutions for cannabis businesses. From compliance issues to intricate financial reporting, our cannabis CPAs possess the expertise to keep your business in compliance and financial stability.

Cannabis Tax Expertise: Navigating tax complexities in the cannabis industry demands specialized knowledge. BerleyCPA.com's cannabis tax experts are well-versed in the nuances of cannabis taxation. Our strategic tax planning and compliance services ensure that your business remains fully aligned with tax regulations. Partner with us for dedicated cannabis tax expertise, guiding you through the intricate world of tax management.

Explore the tailored financial solutions offered at BerleyCPA and experience the impact of expert cannabis CFOs, accountants, CPAs, and tax professionals on your business. We pride ourselves on being your trusted financial partner, committed to supporting the growth and success of your cannabis enterprise.

Visit BerleyCPA.com today and unlock the full potential of your cannabis business with our unparalleled financial expertise. Your success is our priority.

Contact us

Berley CPA Mountlake Terrace - Redstone Corporate Center 6100 219th Street S.W., Suite 480, Mountlake Terrace, WA 98043

(425) 623-2144

Website: https://berleycpa.com/

[rwnavisca]

Executive Search For Cannabis Business

R.W. Navis recruit the best employees for cannabis companies as they have for decades now. They find candidates who are gainfully employed and doing well but have an interest in what cannabis companies have to offer.

[vapehk1]

Ispire Technology Inc. cooperates with cannabis brand Cookies

Ispire Technology Inc. (“Ispire” or “the Company”) (NASDAQ: ISPR), a leader in vapor technology, providing high-quality, innovative products with first-class performance, today announced a strategic partnership with Cookies, an international cannabis lifestyle brand. Under the terms of the supply agreement, Cookies will work with Ispire in good faith to help facilitate the purchase of an aggregate 15 million units of mutually agreed Ispire products by Cookies’ third-party retail and wholesale partners. Ispire will also provide a dedicated product team to support Cookies’ product needs. “We are pleased to be partnering with Cookies, the globally renowned cannabis company, to supply their customers with our CBD vaping products at competitive prices,” said Michael Wang, CFO of Ispire. “We strongly believe that Ispire offers the very best products in the large and rapidly growing marketplace for CBD and cannabis vaping and look forward to embarking on this mutually-beneficial relationship.” “It has been a pleasure working with the Ispire team over the last year developing a line of truly innovative and unique hardware for our CBD and wellness lines. We are excited for the nationwide launch of these products over the coming months,” said Parker Berling, President of Cookies. About Ispire Technology Inc. Ispire is engaged in the R&D, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company has or licenses from a related party more than 200 invention/design patents received or filed globally. Ispire’s tobacco products are marketed under the Aspire brand name and are sold worldwide (except in the PRC and Russia) primarily through our distribution network. Ispire’s cannabis products are marketed under the Ispire brand name primarily on an original design manufacturer (ODM) basis to other cannabis vapor companies. Ispire currently sells its cannabis vaping hardware only in the United States, and it recently commenced marketing activities in Canada and Europe, primarily in the European Union. Please visit www.ispiretechnology.com and follow us on Facebook, Twitter, Instagram, Linkedin, Pinterest, and YouTube. About Cookies Cookies, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai, is the most globally recognized cannabis company in the world. Cookies values the power of the plant and focuses on creating game-changing genetics. The company offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products. Cookies also actively works to enrich communities disproportionately impacted by the War on Drugs through advocacy and social equity initiatives. Headquartered in San Francisco, the company opened its first retail store in 2018 in Los Angeles, and has since expanded to 58 retail locations in 18 markets across 6 countries. Cookies was named one of America’s Hottest Brands of 2021 by AdAge; the first cannabis brand to ever receive this accolade. To learn more about Cookies, visit cookies.co, and to learn more about Cookies CBD, visit shop.cookies.co Read the full article

[whfarms]

Careers in the Cannabis Industry

The Cannabis education industry has been rapidly growing and there are a variety of career options available.

Here are some potential career paths:

Cultivation: Cannabis education online involves growing cannabis plants and ensuring their health and quality. Jobs in cultivation range from entry-level positions such as trimmers and harvesters to more skilled roles such as master growers and horticulturists.

Retail: Retail positions in CBD certification course online involve selling cannabis products to customers. These positions include budtenders, store managers, and sales associates.

Extraction: Extraction in CBD courses online involves extracting the active compounds from the cannabis plant. This is a highly technical field that requires specialized knowledge and skills which we provide in CBD certification course online. Jobs in extraction include extraction technicians, laboratory directors, and quality assurance personnel.

Edibles and Infused Products: Online Cannabis Courses involves creating cannabis-infused products such as edibles, tinctures, and topical.

Careers in the cannabis industry: Jobs in this field include chefs, food scientists, and product development specialists.

Marketing and Communications: Cannabis Courses Online involves promoting cannabis products and brands through advertising, public relations, and other marketing channels. Jobs in this field include marketing managers, graphic designers, and social media specialists.

Compliance and Legal: Cannabis courses involve ensuring that cannabis businesses comply with the complex regulations and laws governing the industry. Jobs in this field include compliance officers, regulatory affairs specialists, and attorneys.

Finance and Accounting: CBD Classes involves managing the finances of cannabis businesses, including budgeting, forecasting, and tax planning. Jobs in this field include accountants, financial analysts, and CFOs.

It's worth noting that the cannabis industry is heavily regulated and requires a high level of compliance with local and federal laws. Additionally, some positions may require specialized training or certification via Cannabis Training Online.

[stevenberley]

Cannabis Tax Expert

As cannabis tax experts, we stay up-to-date on the latest tax laws and regulations. We can ensure that your business complies and takes advantage of any available tax benefits. My420CPA offers a range of tax services, including tax planning, preparation, and representation before the IRS and other tax authorities.

[the-canna-cpa]

Hemp Industry Advisor https://thecannacpas.com/

Call Us! (833) 272-2262

[my420cpaus]

CPA Tax Consultant

420 Dimes presents an invaluable finance manual tailored to Cannabis CEOs. Certified Public Accountants (CPAs), Enrolled Agents (EAs), and bookkeepers can also gain valuable insights from the advanced section within the latter half of the book. Authored by The Apothecary CFO, a Colorado-native CPA now residing in Oregon, this comprehensive guide serves as both a fundamental and advanced resource for accounting and taxation, specifically designed for CEOs operating in the cannabis industry.

CPA Tax Consultant

[expertcannabiscfo]

Importance of Cash Flow Management in a Cannabis Dispensary

Congratulations, you’ve finally been approved and received your license to open your cannabis dispensary. Your doors are open and sales are beyond your expectations. Your income and expense projections you prepared indicate the first few years of your dispensary will be, at best, a break even proposition. The cash generated from your dispensary covers the day to day operating expenses, leaving little, if any, to build a reserve. BAM, then income tax time gives you an unpleasant surprise. Due to the restrictions of Internal Revenue Code (IRC) Section 280e many of your expenditures are not allowed as a deduction from income for tax purposes. The result is a rather large income tax liability that must be paid! Unfortunately, you have few funds or no funds available to pay the tax. NOW WHAT? Your options are limited due to the lack of traditional bank financing, as you know banks do not lend to cannabis dispensaries. If you own the real estate for the dispensary, your bank may allow you to borrow against the real estate. You could borrow funds from a non-traditional lender, with high interest rates, onerous payment schedules, or restrictions on uses of future funds generated from sales, generally not a viable alternative. You could try to eliminate unnecessary expenditures but that generally is not feasible as you are already operating on bare minimums. You may wish to start a growing operation to better utilize the benefits of IRC Section 471-11. If you are not already, you may wish to change your business strategy to building your brand and entertain offers to sell the dispensary. Lastly, you may be faced with discontinuing the dispensary operation, if additional capital is not available. If your current accounting team and CFO are not preparing a rolling cash forecast based on IRC Section 280e you are setting yourself up for failure. If your accounting team does not have a complete understanding of the nuances of IRC Sections 280e and 471, you are not using the tax code to your fullest advantage. In summary, your dispensary must be properly capitalized at the start of operations or have access to additional capital to continue to fund your dispensary, mostly due to IRC Section 280e. Opening and operating your dispensary is not a get rich quick proposition, it is a capital intensive business, plan for it accordingly. Unfortunately, many startups will not have sufficient capital to fund continued cash flows issues and will be forced to close their doors. Jeffrey F Reinert calvinpete.com A Dope CFO VIP Pro member

[jackieasparks]

Some Interesting Facts on Cannabis Cultivation Tax in California

According to state laws, it’s legal for adults over 21 years of age to grow, process, sell, or consume recreational marijuana in 11 states and a total of 33 states and the District of Columbia allow medical marijuana sales and consumption.

What is the current state of Cannabis tax in California?

In addition to the sales and use tax, California cannabis businesses pay two unique taxes: The cannabis excise tax, and the cannabis cultivation tax.

Below are some interesting facts on Cannabis cultivation tax in California:

- California is the world’s largest market for recreational marijuana with legal sales totalling approximately $3.1 billion in 2019. 

- The cultivation tax is imposed on “all harvested cannabis that enters the commercial market” at the rate of

Effective January 1, 2020, $9.65 per dry-weight ounce of cannabis flowers (formerly, $9.25);

Effective January 1, 2020, $2.87 per dry-weight ounce of cannabis leaves (formerly, $2.75); and

Effective January 1, 2020, $1.35 per ounce of fresh cannabis plant (formerly, $1.29)

However, these rates are subject to change and must be researched often.

- “enters the commercial market” means, once the product passes through the quality assurance and review testing as required in the Medicinal and Adult-Use Cannabis Regulation and Safety Act, it is considered to enter the commercial market.

- A “manufacturer” holds a Type 6 or 7 license. 18 CCR 3700(a)(8). The term refers to a licensee that conducts the production, preparation, propagation, or compounding of cannabis or that packages or labels the product.

- Cultivators are required to pay the tax to either the distributor or a manufacturer. 

- You can avoid paying the tax if you donate medicinal cannabis designated for donation. RTC 34012(i). Make sure to report it correctly in the METRC track and trace system so you won’t have mismatches in your audits.

- California Governor Gavin Newsom (D) has supported simplifying marijuana tax administration by collecting retail tax at the retail level and cannabis cultivation tax in California from the first distributor but has postponed the process to 2021 due to the coronavirus outbreak. (we will keep you updated)

- California allocates some revenue to regulatory costs and research. After that is funded, additional revenue, approximately $200 million, goes to youth anti-drug programs (60%), environmental programs (20%), and public safety grants (20%).

Interested in knowing more about the cannabis cultivation tax in California? Your Hemp CFO is at your service. Simply contact us to fix an appointment!