Accounting for dispensaries is unique for a number of reasons. If done incorrectly, cannabis CEOs and investors may be putting themselves in a situation where they can be fined, or even lose their licensing.
Some of the key issues we will discuss:
- How to do proper GAAP/Cost Absorption accounting specifically for dispensaries
- 280E and 471, and what this means for dispensaries
- How to legally maximize deductions for dispensary owners
- Do’s and Don’ts of using non-canna divisions for tax purposes
- Annual, monthly, weekly, and daily procedures for dispensary accounting
- Internal controls to prevent theft and fraud
- Optimal accounting team structure for dispensaries
- Chart of accounts breakdown for dispensaries
- ...and more!
