Cannabis businesses can't simply walk into any bank and open an account. Most financial institutions are still too nervous about the federal implications, leaving operators stuck with high-fee relationships or worse - operating entirely in cash.

When cannabis businesses do find banks willing to work with them, the fees can be outrageous and services limited. Without proper banking, you're paying premium costs for basic services while handling cash risks that threaten your business.

Listen in to learn what makes a good cannabis bank and how to find one.

Andrew Hunzicker, CPA will cover:

• Key banking requirements cannabis businesses absolutely need

  
  

• Red flags that signal overpriced or unstable banking relationships

  
  

• How to negotiate reasonable fees and terms with cannabis-friendly banks

  
  

• Differences between credit unions, community banks, and national institutions

  
  

• Essential questions to ask before signing a banking agreement

  
  

• Practical tips for maintaining strong banking relationships long-term

  
  

Don't settle for cash-only operations or exploitative banking terms. Learn how to find and secure the banking relationship your business deserves.

Your Cannabis clients are facing unexpected cost increases they didn't budget for. Chinese tariffs are driving up prices for equipment, packaging, and hardware - hitting an industry already struggling with thin margins.

With competition keeping retail prices in check, many businesses can't pass these costs to consumers. The result? Shrinking profits and tough decisions about where to cut corners.

Listen in to learn how these tariffs are affecting Cannabis businesses and what you can do about it.

Andrew Hunzicker, CPA will break down:

• How tariffs are affecting different parts of the Cannabis supply chain

  
  

• Ways to help clients track and manage these rising expenses

  
  

• Practical financial strategies to offset tariff-related costs

  
  

• Potential opportunities in domestic sourcing

  
  

• How to factor these changes into your clients' financial planning

  
  

Don't let your clients get caught off guard by these changing costs. Get practical advice for helping them protect their profits in today's market.

Landing high-value Cannabis clients is just the beginning. Your onboarding process sets the tone for the entire relationship and demonstrates your expertise from day one.

Join Andrew Hunzicker, CPA, for this insightful episode as we reveal:

• How to structure the discovery process to uncover critical issues

• Setting clear expectations and boundaries from the start

• Essential documents and systems to request immediately

• Quick wins that demonstrate value in the first 30 days

• Building a permanent audit trail from the beginning

• Ways to prevent scope creep while maintaining high service levels
  

Whether you're working with farms, manufacturers, or dispensaries, this episode provides a proven framework for successfully onboarding Cannabis accounting clients. Stop wondering if you're missing something crucial—learn how to protect both you and your clients while setting the foundation for a successful long-term relationship.

Listen here 👉https://creators.spotify.com/pod/profile/dopecfo/

Inheriting a Cannabis cultivation client with messy books is like being handed a puzzle with missing pieces. No cost accounting, misallocated expenses, and inventory tracking disconnected from financial systems - these challenges can make even experienced accountants question where to start.

When growers focus solely on their plants and neglect proper accounting, the resulting financial chaos not only creates tax compliance risks but prevents them from understanding their true costs and profitability.

Join us as Andrew Hunzicker, CPA shares practical solutions for tackling Cannabis cultivation cleanup projects.

You'll learn:

• Where to start when facing cultivation books in disarray

• How to reconstruct cost accounting when it wasn't properly tracked

• Strategies for reconciling seed-to-sale data with financial systems

• Methods for establishing accurate WIP and finished goods inventory valuations

• Documentation practices that protect both you and your client

• Implementation of systems that prevent future accounting problems

Whether you're currently struggling with a cultivation cleanup or preparing to take on Cannabis clients, this episode will equip you with the roadmap and confidence to transform messy books into reliable financial information.

The Cannabis industry's allure of high returns often masks the substantial personal risks investors and executives face. While early Cannabis companies like MedMen and Tilray attracted significant investment with trendy branding, their stories serve as cautionary tales of what happens when fundamental accounting, tax compliance, and entity structuring are overlooked. Today's Cannabis investors need to be armed with knowledge that goes far beyond product expertise.

Join Andrew Hunzicker, CPA for this critical episode as we reveal:

• Critical lessons from the downfall of early Cannabis giants and how to avoid their costly mistakes

• How IRC 280E, 471, and other tax codes uniquely impact Cannabis business profitability

• The hidden liabilities of different entity structures and why choosing the wrong one could expose your personal assets

• Essential strategies for maximizing legal tax deductions despite stringent restrictions

• Multi-entity approaches that provide enhanced asset protection and investment appeal

• Why standard accounting systems and general practitioners often fail Cannabis businesses

  
  

Whether you're considering investing in the Cannabis industry, currently serving as a company executive, or advising clients in this sector, this episode provides vital insights for protecting assets and ensuring compliance. 

Learn how proper structuring, accounting, and tax strategies can mean the difference between success and financial disaster in this highly regulated industry.

The Cannabis industry's allure of high returns often masks the substantial personal risks investors and executives face. While early Cannabis companies like MedMen and Tilray attracted significant investment with trendy branding, their stories serve as cautionary tales of what happens when fundamental accounting, tax compliance, and entity structuring are overlooked.

Today's Cannabis investors need to be armed with knowledge that goes far beyond product expertise.

 Listen in as we reveal:

✅ Critical lessons from the downfall of early Cannabis giants and how to avoid their costly mistakes

✅ How IRC 280E, 471, and other tax codes uniquely impactCannabis business profitability

✅ The hidden liabilities of different entity structures and why choosing the wrong one could expose your personal assets

✅ Essential strategies for maximizing legal tax deductions despite stringent restrictions

✅ Multi-entity approaches that provide enhanced asset protection and investment appeal

✅ Why standard accounting systems and general practitioners often fail Cannabis businesses

Whether you're considering investing in the Cannabis industry, currently serving as a company executive, or advising clients in this sector, this session provides vital insights for protecting assets and ensuring compliance. 

Learn how proper structuring, accounting, and tax strategies can mean the difference between success and financial disaster in this highly regulated industry.

#DOPECFO #CannabisAccounting #CannabisPolicy

The Cannabis industry faces a pivotal moment as the Trump administration takes control of critical policy decisions. In this essential episode, DOPE CFO Founder, Andrew Hunzicker, CPA, analyzes how campaign promises might translate to administrative action and what it means for Cannabis businesses nationwide.

Learn crucial insights about:

• Trump's Cannabis policy positions
• Potential impact of key agency appointments
• Strategic approaches during policy transitions
• Implications of the paused rescheduling process
• Risk assessment strategies for Cannabis operations
• Compliance considerations under changing regulations

Position your Cannabis business to navigate policy shifts successfully regardless of the new administration's direction.

Follow The Cannabis Accounting Podcast for expert guidance on Cannabis industry compliance and strategy.

#DOPECFO #CannabisAccounting #CannabisPolicy

The Cannabis industry stands at a pivotal moment as multiple reform paths converge. From state-level progress to federal rescheduling efforts, understanding the complex landscape is crucial for industry professionals. Recent developments in the DEA rescheduling hearings have created both uncertainty and opportunity, making it essential to stay informed and engaged.

Join DOPE CFO's Andrew Hunzicker and NCIA CEO Aaron Smith as they break down:

• Latest updates on the DEA rescheduling hearing cancellation and its implications

• How recent administrative changes could impact Cannabis reform efforts

• Multiple pathways to federal reform and their current status

• Strategic opportunities for industry engagement in reform efforts

• Role of industry professionals in advancing positive change

• Critical insights into state-level developments and federal policy interactions

Whether you're a Cannabis accountant, operator, or industry advisor, this episode provides essential context for understanding current reform efforts and opportunities for engagement. Learn how recent developments affect your business and how to participate in shaping the industry's future.

The IRS has just issued a critical warning about Cannabis companies attempting to circumvent 280E through Form 8275 disclosures using a variety of rationales that do not constitute a reasonable basis. This development might require immediate attention from Cannabis operators and their accountants.

Join DOPE CFO Founder & CEO Andrew Hunzicker, CPA for this podcast to understand:

As the IRS ramps up enforcement, it's crucial to understand the proper application of tax regulations. Learn how to protect your Cannabis clients while maintaining strict compliance with 280E requirements.

Whether you're currently serving Cannabis clients or planning to enter the industry, this episode will provide critical insights on navigating the latest IRS guidance.

The Cannabis industry stands at a historic crossroads with potential 280E tax relief on the horizon. In this essential episode, DOPE CFO Founder, Andrew Hunzicker, CPA, reveals why most Cannabis businesses aren't prepared for this massive opportunity and what they must do now to get ready.

Learn step-by-step guidance for:

- Building proper financial infrastructure

- Implementing documentation systems

- Managing audit risks

- Preparing for refund opportunities

- Understanding timing considerations

- Protecting against common pitfalls

Position yourself as a trusted advisor in the Cannabis industry by mastering these critical preparation strategies.

Follow The Cannabis Accounting Podcast for expert guidance on Cannabis industry compliance and strategy.

#DOPECFO #CannabisAccounting #280E