The Cannabis Accounting Podcast

By DOPE CFO

Business

What's The Cannabis Accounting Podcast about?

The Cannabis Accounting Podcast discusses the ins and outs of cannabis/cbd/hemp accounting. Topics include 280E, chart of accounts, starting & growing your own firm, overcoming software challenges, and more! Looking to get into cannabis accounting? To learn more visit dopecfo.com.

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Ep. 132: The Ins & Outs of ...

11.21.2023

Are you navigating the complexities of Cannabis inventory accounting? Properly handling your clients' inventory is critical in this rapidly growing industry — one error can mean the difference between adding value or harming a business’ bottom line. Tune into our ...

The Cannabis Accounting Podcast episodes:

11.21.2023 Ep. 132: The Ins & Outs of Categorizing Inventory for Cannabis Companies Are you navigating the complexities of Cannabis inventory accounting? Properly handling your clients' inventory is critical in this rapidly growing industry — one error can mean the difference between adding value or harming a business’ bottom line. Tune into our ...
11.06.2023 Ep. 131: Valuation of Cannabis Companies - An Accounting Perspective Got questions on valuation in the Cannabis industry? Get answers in our latest podcast! We cover everything from explaining what valuation is to delving into different valuation methods and the factors that affect valuation. We even discuss how to ask ...
10.23.2023 Ep. 130: 3 Myths Cannabis Business Owners Believe About Accounting The Cannabis industry is ablaze with myths that could leave business owners burned, especially when it comes to the tricky world of accounting and bookkeeping. As an accounting pro, are you ready to fan the flames of truth and help ...
10.09.2023 Ep. 129: Cannabis CEO’s Guide To Cash and Cash Flow Forecasting Until the SAFE Banking Act passes, the number of banks across the country that will service the Cannabis industry remains desperately low. Cannabis is currently classified as a Schedule 1 drug, and most banks won’t do business with Cannabis companies ...
09.25.2023 Ep. 128: How to Properly Adhere to 280E to Reduce Tax Liability for Cannabis Companies Cannabis businesses who try to get creative to circumvent 280E often find themselves in precarious positions with the IRS. Since companies in the Cannabis industry are not able to legally take tax deductions due to its classification as a Schedule ...
09.11.2023 Ep. 127: How to Get the Most Out of Attending Cannabis Events w/ George Jage Participating in the Cannabis industry by going to conferences and expos is a great way to meet the people who make the businesses in this space tick, as well as get information on where the industry might be headed in ...
08.28.2023 Ep. 126: How to Build a Successful Cannabis/CBD Accounting, Tax, and CFO Firm If you are frustrated in your current career position, are sick of working long hours for little pay, or have been considering launching your own remote accounting firm and are wondering what niche to serve, now is the time to ...
08.14.2023 Ep. 125: How to Get Tax Reductions Right When Most Cannabis Businesses Get Them Wrong Want legal and compliant tax reductions? Listen to podcast episode 124 as the nation’s leader in Cannabis accounting, Andrew Hunzicker, CPA, founder of DOPE CFO, explains exactly what must be in place to properly reduce tax liability. Takeaways from landmark ...
07.31.2023 Ep. 124: Reforming Cannabis Policy Statewide & Nationwide with NCIA—Why Accountants Must Be Part of the Change w/ Aaron Smith of NCIA If you’re done with jumping through seemingly endless regulatory hoops and compliance standards and want policies that make sense for Cannabis businesses, participating in groups that shape policy is how you become part of the solution. Be part of the ...
07.31.2023 Ep. 124: How to Get Tax Reductions Right When Most Cannabis Businesses Get Them Wrong Want legal and compliant tax reductions? Listen to podcast episode 124 as the nation’s leader in Cannabis accounting, Andrew Hunzicker, CPA, founder of DOPE CFO, explains exactly what must be in place to properly reduce tax liability. Takeaways from landmark ...
07.17.2023 Ep. 123: Life Grows Green Founder Chad Price on CBD Wellness, eCommerce, Building & Scaling, & more! We’re talking with veteran founder/entrepreneur Chad Price of Life Grows Green on transforming the negative stigmas associated with Cannabis and serving the wellness space, what the licensed Cannabis industry can learn from the sports industry, how accountants can better serve ...
07.03.2023 Ep. 122: The Quick Guide to Cannabis Bookkeeping Ever hear the saying, “You don’t know what you don’t know”? When performing bookkeeping for Cannabis clients, what you don’t know can have dire consequences. Even performing seemingly mundane tasks the same way you would for non-Cannabis clients can be ...
06.19.2023 Ep. 121: How Utah’s Licensee-First Policies Are Creating a More Viable Medical Cannabis Industry In this episode of The Cannabis Accounting Podcast we’re talking with Alyssa Smailes, Executive Director of The Utah Cannabis Association. We’ll discuss how UCA is building consensus with medical practitioners and serving as the voice of the Utah Cannabis industry, ...
06.05.2023 Ep. 120: Cannabis Dispensary Accounting & Tax Accountants who are in over their heads when it comes to Cannabis dispensary accounting can cost the business dearly simply because they don’t know how to do the work properly. Dispensary CEOs and operators who rely on inexperienced accountants or ...
05.22.2023 Ep. 119: Being a Legacy Grower, Vertical Integration, & Craft Cannabis with Lindsey Renner Lindsey Renner, owner of Native Humboldt Farms, is the first enrolled tribal member to gain licensure in California in 2018. In this podcast episode we discuss Lindsey’s journey into Cannabis (including the devastating loss that preempted changes in the direction ...
05.08.2023 Ep. 118: Entity Structure for Cannabis Companies Cannabis investors, CEOs, CFOs, accounting professionals, and entrepreneurs need to understand their options when it comes to choosing their entity structure, and yes—certain key concerns are unique to the niche. In this 24 minute podcast episode, DOPE CFO founder, Andrew ...
04.24.2023 Ep. 117: Banking in the Cannabis Industry Banking in the Cannabis industry is a biggie! We get into it with banking expert and DOPE CFO Certified Advisor—Cassidy McFarland, CPA. From his take on the recent bank collapses to risk mitigation, dealing with audits, and what most bankers ...
04.10.2023 Ep. 116: Tips for Pricing Your Cannabis Accounting Services Top-tier Cannabis accountants want to provide their clients with maximum value and get paid fairly for the hard work and expertise they provide. In this 10-minute podcast episode, DOPE CFO founder, Andrew Hunzicker, CPA, goes over key considerations you need ...
03.27.2023 Ep. 115: The Grower’s Guide To Cannabis Cultivation Accounting & Tax Despite the fact that state-mandated seed-to-sale tracking software is notoriously buggy and local rules and regulations add an enormous amount of complexity to licensed Cannabis cultivation farms and grow rooms, cultivators are still required to follow the rules, accurately report ...
03.13.2023 Ep. 114: Let’s Talk About Depreciation in the Cannabis Industry Take the time, spend the energy to learn things well and your clients will appreciate the expertise you provide. Depreciation in Cannabis? Few accountants in the Cannabis niche know how to utilize it correctly. 280E says it’s illegal to take ...
02.27.2023 Ep. 113: 5 Questions Accountants Should Ask Cannabis Business Owners Never position yourself as a yes person or bean counter, but as a potential partner in the success of the Cannabis businesses you work with. Asking the right questions is one easy and effective way to demonstrate your knowledge of ...
02.13.2023 Ep. 112: Cannabis Delivery Services & 280E If your client or company delivers products to and from farms, dispensaries, and/or end users, you need to listen to this episode. Anyone touching or taking possession of the plant is likely subject to 280E… but there are complexities. Learn ...
01.30.2023 Ep. 111: Managing Anxiety in Cannabis Accounting Did you know anxiety is actually really common in the accounting industry? Forget the shame and forget just powering through it. Learning how to manage it is key for landing potential clients as well as improving your quality of life, ...
01.16.2023 Ep. 110: Cannabis Valuation 101 We’ve got specialized, “hard-to-come-by” information in today’s show. Cannabis business founders, CPAs, and accountants be prepared to take notes as industry expert Ron Seigneur, CPA ABV ASA CVA, founder of Seigneur Gustafson and inductee to The AICPA Business Valuation Hall ...
01.02.2023 Ep. 109: Real Estate in the Cannabis Industry: What Accountants Need to Know Real Estate in the Cannabis Industry: What Accountants Need to Know Whether clients are starting an indoor farm, outdoor farm, dispensary, or processing facility, real estate is a very real concern for Cannabis businesses. We’ll go over what you need ...
12.19.2022 Ep. 108: Cannabis Licensure & Social Equity in New York Do you have questions on how Cannabis licensure and social equity are being handled in New York? Tune in! DOPE CFO VIP member, Allison Kirchhofer, CPA, MBA, gives the lowdown on what’s going on in the massive Empire State that’s ...
12.05.2022 Ep. 107: GAAP Accounting & How it Applies to Cannabis Accounting Cannabis Businesses & Cannabis Accountants—Knowing & Doing GAAP Accounting properly is how you show your value! It’s a shame so few of today’s CPAs and accountants know how GAAP applies to Cannabis accounting. Get the lowdown on what 471-11 really ...
11.21.2022 Ep. 106: Betsy Morem & Mark Waller Share Their Tips on Bookkeeping (Right) for the Cannabis Industry Betsy Morem & Mark Waller of Morem & Waller CPAs, PLLC. have advice on bookkeeping for today’s Cannabis businesses and staying sane in the process! Learn how to fix (and prevent) those common bookkeeping blunders, remain 280E compliant month after ...
11.07.2022 Ep. 105: Surviving an IRS Audit in the Cannabis Industry In just 15 minutes, DOPE CFO founder, Andrew Hunzicker CPA, makes quick work of showing how most do Cannabis business accounting 100% wrong, and explains the approach to getting Cannabis businesses set up correctly and making them audit-ready month after ...
10.24.2022 Ep. 104: Cannabis Accountants & Businesses—Want Depreciation? Here’s What You Need to Do! Has depreciation for Cannabis businesses got you confused? Whether you’re an accountant or CPA serving Cannabis clients, or the CEO/founder of a legal Cannabis company, we've got straightforward information on depreciation and 280E and 471-11. Get informed about the applicable ...
10.11.2022 Ep. 103: Fraud Examiner David Lewis Talks Internal Controls and Corporate Governance for Cannabis Businesses Cannabis Businesses & Cannabis Accountants— Knowing corporate governance, having internal controls & accounting policies is SUPER important for all companies, but especially Cannabis companies, so tune in to learn how to reduce the possibility of fraud! --- Send in a ...
09.26.2022 Ep. 102: Expert Advice on Cannabis Licensing from Bridge City Collective Co-Founder David Alport Bridge City’s David Alport talks Cannabis licensing (transportation, cultivation, retail), licensing in various states, where things are headed (interstate, rollups), shares Cannabis startup marketing advice, and more. Unique info you need on your radar is here, so tune in! --- ...
09.13.2022 Ep. 101: How to Grow Your Practice in New & Emerging Legal Cannabis States w/ Rick LaNeve Just last year, CPA Rick LaNeve quickly went from zero Legal Cannabis clients to more than ten! Now, the founder of Accounting Buds and Chairman of the New York State CPA Society Cannabis Committee shares his tried-and-true advice on landing ...
08.29.2022 Ep. 100: Looking into the Future of Cannabis Accounting and DOPE CFO With even the most anti-Cannabis states coming around to legalization, the industry's future is bright -and profitable. The Cannabis space has changed dramatically since the first states voted for legalization back in 2012. In the 100th episode, DOPE CFO founder ...
08.15.2022 Ep. 99: Cashless ATMs & Other Illegal Merchant Services in the Cannabis Industry Cashless ATMs and Credit Card payment tricks by Cannabis businesses are considered fraudulent. Cannabis is a Schedule I substance, so any attempts to get creative with payment options will still be classified as money laundering by the Feds. In this ...
08.01.2022 Ep. 98: Behind the Scenes: AICPA & CIMA Cannabis Industry Conference 2022 Can you believe how far the Cannabis industry has come? Last year the AICPA (American Institute of Certified Public Accountants) recognized the industry with a few sessions at one of its conferences. This year the AICPA and CIMA have dedicated ...
07.18.2022 Ep. 97: How Investors Can Avoid Personal Tax Doom There’s risk and then there’s calculated risk. The calculated risk we were referring to on this episode of the Cannabis Accounting Podcast is the investments that require deep research into the past, present, and future of a company before deciding ...
07.04.2022 Ep. 96: Your First Year As A Cannabis Accountant Making the decision to become specialized as a Cannabis accountant may be the easiest decision you’ll ever make, and the most fruitful. The industry is booming, and it’s nowhere close to finishing its climb. Investing in learning NOW means you’ll ...
06.20.2022 Ep. 95: Get More Exposure For Your Firm As A Conference Speaker What if you could take your business further using what you ALREADY know about accounting? One of the best ways to keep your business growing is to share your knowledge by speaking at conferences and events. Events are prime locations ...
06.06.2022 Ep. 94: Harborside Case Review: Why Multiple Entities Won't Circumvent 280E Setting up multiple corporate entities for the sole purpose of getting around 280E will lead to a ton of trouble with the IRS. Just ask the folks over at Harborside. The (still) ongoing Harborside case has taught us how the ...
05.23.2022 Ep. 93: How can licensed Cannabis businesses prevent raids over unpaid taxes? Two licensed dispensaries were raided last month by the California Highway Patrol, with the California Department of Tax and Fee Administration on standby, to collect overdue state tax payments. The officers walked out with a couple of six-inch-high stacks of ...
05.09.2022 Ep. 92: 4 Myths CEOs Believe About Cannabis Accounting Understanding the myths that business owners believe about Cannabis accounting can give you a leg up on understanding their perspective and may better form how you pitch your value to them when you do reach out. For every myth they ...
04.25.2022 Ep. 91: Tips for Pricing Your Cannabis Accounting Services As accountants and bookkeepers enter the Cannabis industry, many find themselves unsure of how to quote their fees correctly. Many businesses need a thorough cleanup, monthly reporting systems set up, and constant compliance monitoring, but how can you possibly come ...
04.11.2022 Ep. 90: Entity Structure Considerations for Cannabis Investors and Owners As Cannabis business owners and investors grow their companies and expand their operations, some will inevitably be blindsided by personal tax liabilities that aren’t protected by their entity structure. The corporate entity’s structure determines the tax implications for owners, investors, ...
03.28.2022 Ep. 89: 5 Keys to Building a Successful Cannabis Firm After having helped several of our DOPE CFO members build 6-figure accounting firms over the last few years, we know what works. In this episode, Andrew Hunzicker, CPA shares what works for our members, and the 5 Keys to Building ...
03.14.2022 Ep. 88: A Closer Look at Tax Code 471 and the Challenges with Cannabis Inventories Legally reducing tax liabilities for Cannabis companies hinges upon compliance with one vastly misunderstood tax code: IRC 471. Cannabis companies are not allowed any deductions or credits, and courts penalize them for messy records. According to 280E, any business associated ...
02.28.2022 Ep. 87: What Are Cannabis Entrepreneurs Really Looking For In An Accountant? Let’s face it; Cannabis business owners are incredibly busy keeping up with updates within the industry, making it almost impossible for them to keep up with their finances. This is what makes Cannabis accounting essential to keep their business successful. ...
02.14.2022 Ep. 86: Best Practices for Networking at Cannabis Conferences It’s no secret that accounting professionals are intimidated by the Cannabis industry. Between finding information about the niche and landing clients, many shy away from the industry which leaves CEOs in need of experienced professionals. Of course, accounting fundamentals are ...
01.31.2022 Ep. 85: The Ultimate Guide to Cannabis/CBD Accounting, Bookkeeping, & Tax Experienced bookkeepers and accountants are essential in keeping cannabis companies penalty-free. The IRS and state tax agencies are ramping up their audits on Cannabis companies this year, and the industry needs trained bookkeepers and accountants more than ever to accurately ...
01.17.2022 Ep 84: How to Correctly Price Your Accounting Services from the Start Accounting professionals… it’s time for you to charge what you're worth! There are a million reasons why accounting professionals aren’t charging enough for their services. One of the most daunting questions that accounting professionals have when they first start their ...

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