Daniel Sabet
Cannabis CFO Practice Lead and Audit and Assurance Practice Lead at GreenGrowth CPAs. Daniel advises licensed cannabis operators on IRC 280E tax strategy, multi-state tax compliance, and the financial side of growth, from single-license dispensaries to public companies.
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About Daniel
Daniel Sabet is a Cannabis CFO and Financial Advisor at GreenGrowth CPAs, based in California. He leads two practices at the firm: the cannabis CFO practice and the audit and assurance practice.
His client work covers single-license operators, vertically integrated multi-state operators (MSOs), and cannabis companies listed on U.S. exchanges. He focuses on the issues that decide whether a cannabis business keeps its cash: IRC 280E, cost of goods sold under Section 471, multi-state tax compliance, MSO financial reporting, and PCAOB audit engagements.
Since state-licensed medical marijuana moved to Schedule III on April 28, 2026, much of Daniel's work has shifted to dual-license operators. These operators now need to split costs between medical sales, which are outside 280E, and adult-use sales, which are still Schedule I.
Daniel also speaks to operators and investors directly. He was a panelist at GreenGrowth's Illinois Cannabis Roundtable alongside attorneys from Amundsen Davis, covering industry structure, social equity capital, corporate structure, and financial projections.
Areas of Expertise
IRC 280E Tax Strategy
Maximizing cost of goods sold under Section 471, documenting inventory costs, and defending positions in an IRS exam. See the IRC 280E guide.
Medical vs Adult-Use Allocation
Splitting costs for dual-license operators after the April 2026 Schedule III order, so medical activity gets full deductions and adult-use stays defensible.
Outsourced Cannabis CFO
Monthly close, cash forecasting, lender and investor reporting, and board-ready numbers. See outsourced CFO services.
Multi-State Tax Compliance
State cannabis excise, sales, and gross receipts taxes, plus state 280E decoupling. See the cannabis tax rates by state.
MSO Structure and Reporting
Central management entities, intercompany charges, consolidation, and reporting for operators in several states. See MSO central entity structure.
Audit and Assurance
Financial statement audits, including PCAOB engagements for cannabis companies listed on U.S. exchanges. See audit and assurance services.
Articles by Daniel Sabet
- IRC 280E Explained: The 2026 Cannabis Tax GuideCOGS, Section 471, and what Schedule III changed
- How Much Does It Cost to Open a Dispensary?Startup budgets, licensing, build-out, and working capital
- Cannabis Tax Rates by StateExcise, sales, and wholesale taxes in each market
- 280E Expense Allocation: Medical vs Adult-UseHow dual-license operators split costs
- Cannabis COGS Tracking and AllocationBuilding inventory costs that hold up under 280E
- Cannabis MSO Central Entity StructureHow multi-state operators organize management companies
- Cannabis Mergers and Acquisitions in 2026Deal structure, diligence, and tax exposure
- How to Choose a Cannabis CPA Firm12 questions to ask before you hire
More of Daniel's work is in the cannabis accounting practice, including the cultivator accounting guide.
Want Daniel to look at your 280E position?
Book a short call. Bring last year's return and your current cost of goods sold method.
About Daniel Sabet: FAQs
Who is Daniel Sabet?
Daniel Sabet is a Cannabis CFO and Financial Advisor at GreenGrowth CPAs, a PCAOB-registered accounting firm headquartered in Irvine, California. He leads the firm's cannabis CFO practice and its audit and assurance practice.
What does Daniel Sabet specialize in?
IRC 280E tax strategy, cost of goods sold under Section 471, cost allocation between medical and adult-use sales, multi-state cannabis tax compliance, MSO financial reporting, PCAOB audit engagements, and outsourced CFO services for licensed cannabis operators.
Which cannabis businesses does Daniel work with?
Single-license dispensaries and cultivators, vertically integrated multi-state operators, and cannabis companies listed on U.S. exchanges. GreenGrowth serves cannabis clients across 15 state markets.
How do I book a meeting with Daniel Sabet?
Use the booking link on this page to pick a time. You can also call GreenGrowth CPAs at 800-674-9050 or use the get started form.
