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!

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
  • Public company audits and quarterly reviews
  • 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)

Administration