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Cannabis Business Operations

Our premier CPA firm provides expertise in a wide range of areas within the cannabis industry. We can help you make sure your cannabis business is operating to it’s fullest potential. 

Financials

Reporting requirements

Cannabis distributors, retailers, and delivery services – at the very least – are required to file income, sales, and payroll tax returns.

All retail sales of medical cannabis products and accessories are subject to sales tax. If your dispensary has employees, you will also be required to report wages and pay Income tax, Social security and Medicare taxes to the Employment Development Department (EDD) However, each state has slightly varied tax percentages and laws.

In addition, each state has varied laws on how long records must be kept. These records often, but are not limited to, sales and purchase records, bank statements, resale certificates, shipping documents, and tax returns.

CFO Outsourcing

For cannabis entrepreneurs looking to run a lean operation, GreenGrowth CPAs is here to help. Outsource your CFO function to our experts. Rely on our industry knowledge and deep financial expertise to help your business grow, stress-free. We can also take care of filing quarterly cannabis tax returns and making sure you stay compliance with local cannabis laws and tax requirements.

Additional Services

  • Financial Modeling
  • Accounts Payable & Accounts Receivable
  • Payroll Support
  • Bookkeeping
  • Tax & Audit Support

We can help with dynamic tax laws

We continuously monitor the changing tax laws in order to provide up-to-date information to our clients. At GreenGrowth CPAs, we have been able to assist our clients in navigating all of the potential tax concerns specific to their circumstances. We’re confident we can do the same for your business!
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Administration

Annual Audit and Assurance Services

An audit is an opportunity to assess the quality and reliability of the information you use to make important decisions. We provide valuable insight to help your cannabis business grow:

  • Audits, reviews and compilations of financial statements
  • Preparation of financial statements
  • Forecast-projections
  • Contract or regulation compliance
  • Internal/operational audits
  • Forensic accounting
  • Transaction assistance

Additional Services

We can also help with optimize other administration areas:

  • Running more efficiently
  • Key Performance Indicators (KPI’s)

States We Serve

Arizona
California
Colorado
Illinois
Massachusetts
Michigan

Montana
New York
Oklahoma
Oregon
Pennsylvania
Washington

Offices

Downtown Los Angeles
2408 S. Broadway
Los Angeles, CA 90007

Oklahoma City
1120 Northwest 51st Street
Oklahoma City, OK 73118

Get in Touch Today

800-674-9050

or

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The information contained in this website is meant only for guidance purposes and not as professional legal or tax advice. Further, it does not give personalized legal, tax, investment or any business advice in general. For professional consultation, please sign-up for our services. GreenGrowth CPAs disclaims any and all liability and responsibility for any and all errors or omissions for the content contained on this site. Please review our privacy policy here.