Cannabis Accounting Firms
For anyone operating in the cannabis industry, having qualified accounting and bookkeeping providers is an absolute must. Due to the federally conflicted nature of state-legal cannabis, operators are significantly more likely to face scrutiny from the IRS. Stay compliant and be prepared for an audit by working with an accounting firm, outsourced CFO, or bookkeeping service who specializes in serving cannabis industry clients.
More InformationFeatured Listings:
Summit Virtual CFO by Anders
Summit Virtual CFO by Anders is a virtual CFO services provider with a non-traditional approach to accounting. We have an amazing team of accounting professionals who provide Virtual CFO Services for companies all over the United States. We fully understand the accounting, bookkeeping, cash flow management, and business tax nuances that come with being distributed, and we love helping our clients overcome these challenges through our own experience and expertise.
Tree Star Business Solutions
TreeStar Solutions is a leading accounting firm specializing in providing comprehensive financial services to all types of businesses, including cannabis dispensaries, growers, manufacturers, producers, transportation services, and more. Our tailored approach incorporates a robust 4-part system, offering expert guidance, cutting-edge tools, efficient work papers, streamlined processes, and top-notch accounting and tax solutions. With a track record of supporting over 800+ professionals, we empower businesses to rapidly establish world-class accounting practices and accelerate their growth within a short timeframe.
BGM
BGM is one of the first accounting and advisory firms in the world to focus solely on the cannabis industry. Since 2009, our practice has expanded to over 600 cannabis and hemp clients nationwide. BGM works with all types of organizations that provide legal recreational cannabis, medical marijuana, low-THC and high-CBD products, hemp farming, and ancillary services. Our applications services group provides strategic direction to help with the entire cannabis license application process.
Rehmann
Rehmann is a professional advisory firm that provides accounting and assurance, business solutions and outsourcing, specialized consulting, and wealth management services. For over 80 years, Rehmann has provided forward-thinking solutions to our clients nationwide. With over 1,000 associates in Michigan, Ohio, and Florida, we are the momentum behind what’s possible. We focus on the business of business – allowing companies and individuals to focus on what makes them extraordinary.
P.S. Business Services Inc.
Personal. Trusted. Timeless. With this core foundation, PS provides hands-on customized bookkeeping services to businesses across America. Following GAAP guidelines allows us to learn your business, accurately code transactions, and ensure the timely delivery of trusted financials. Not only is it PS's entire mission to treat your business as our own, but we also foster each partnership with the humble understanding there is no PS without you. This allows you to confidently manage your business, year after year.
GreenGrowth CPAs
Zelen Accounting
Empire Tax and Accounting
Johnson Advisors
MGO CPA
The Green Leaf CPA
Alpha Omega Accounting, LLC
Abraham Finberg, CPA
California Cannabis CPA
Cannabis Tax and Accounting Services
Jessica Coblentz-Biehle, CPA / Coblentz-Biehle & Cramer, Certified Public Accountants
Green Bean CFO
Vertices
Tinkler Professional Accounting Services, LLC
NOW CFO
Luis V Plascencia
Green Valley Tax Services Inc
Janover LLC
R Sessions Professional Group LLC
Sax LLP
420 CPA
Kim Walker, Inc.
CannaBooks, LLC
Account Ways
Henry Levy Group
The Canna Accountants & Tax Professionals, LLC
Hay & Associates, An Accountancy Corporation
Blooming Solutions
Skyline Bookkeeping, LLC
Sage Intacct
Arkley Accounting Group
THCFO Accounting
Cherry Bekaert
The NestEggg Group, Inc.
William Leonard, CPA
Lavelle & Associates
Indiva Advisors LLP
Accountabis Advisors
Jankovic LLC
CohnReznick LLP
Bloom Financial Group
Bruno CPA & Associates
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How to Hire an Accountant for Your Cannabis Business
Maintaining proper accounting records is arguably the most important part of operating a cannabis business in the United States.
Why is accounting important for cannabis businesses?
When it comes to cannabis, maintaining proper accounting records isn’t just a nice-to-have: it’s crucial.
Tax Code 280E is a federal tax code currently preventing state-legal cannabis businesses from deducting most business expenses from their taxes, aside from the Cost of Goods Sold (COGS), since cannabis is classified as a controlled substance.
Determining the COGS can be tricky, there’s a lot of gray area. That’s why your accountant should fully understand the cannabis industry.
What to look for in a cannabis accountant:
The best accountants for your business have a proven, verifiable track record in the cannabis industry. If they don’t, they answer to someone who does.
Here are some questions to ask:
- How long have you been serving cannabis clients?
- How do you help your clients navigate 280E?
- Do you have experience serving clients like me (startups, vertically-integrated operations, multi-state operators, dispensaries, etc.)?
- Do you have any client testimonials I can see?
- Can you tell me what accounting services you do and don’t perform for a cannabis business like mine?
To begin reaching out to awesome accountants in cannabis, see Ganjapreneur’s verified list of accountants and bookkeepers above! The list was assembled to narrow down your search for the perfect cannabis-friendly accountant.
Ganjapreneur hasn’t worked with each service provider directly, but all of these businesses are active, cannabis-friendly providers in the industry. We encourage you to connect with multiple different accountants on this list in order to determine the best one for you.
Are you a CPA who works in the industry, or do you represent a cannabis accounting firm? Create a profile here to get discovered by new clients! A profile in the Ganjapreneur Business Index also comes with additional features and marketing tools.