The cannabis industry is one of the most dynamic and exciting industries in the United States today. As more states legalize cannabis, a vast new market is ripe for the taking. That is, when it is done correctly. The cannabis industry operates in a unique cultural, political, and legal environment.

A successful cannabis business must achieve proficiency not only in its cultivation, manufacturing, and distribution, but also in its back-office capacities. No business can be successful without a strong back office.

The legal and taxation environment is particularly important. The myriad of laws governing the industry dramatically affect your cost and tax liability, and ultimately your profitability and cash flow. The implications of doing it wrong are catastrophic. The scrutiny that cannabis firms face won’t get any easier. In fact, the Internal Revenue Service plans to audit all firms operating in the cannabis space. Given the taxation environment for cannabis firms, non-compliance is catastrophic.

What can we do for you? We can ensure that you are compliant with local, state, and federal requirements.  We can enhance profitability and cash flow by 5% to 25% or more.  We can give you long-term focus and the tools to enable a successful exit for you and your business.

Our mission is simple: do it once, do it right the first time. We are a network of cannabis trained specialists. We can bring together all the resources needed for you to be successful – team, capital, compliance, and brand.

Our cannabis practice area includes:

We can help set up your back office to ensure that your accounting records and processes follow federal, state, and local laws. A sound accounting system will minimize your tax liability, maximize profitability and cash flow. We can set up your system to gather and accurately classify your direct and indirect costs

The unique legal environment with which the industry operates creates challenges for cannabis firms to borrow money and even bank. Our team of experts can help you develop a financing package for presentation to lenders/investors and can help you locate suitable banks.

Extraordinary firms don’t just make money, they create long-term value. Value is created for your shareholders when your profitability exceeds your cost of capital and industry profitability measures. Value creation requires dedication, analysis, brand identity, and sound processes. Yet, it is easily attainable by every firm, including yours.

Every business enterprise is a risky endeavor. Perhaps, none offers the risk characteristics of cannabis firms. Our job is to ensure that you are doing everything right, thus mitigating your risk. No business is risk free. However, we can greatly reduce your risk and offer you peace of mind.