Every month DOPE CFO founder Andrew Hunzicker, CPA covers the latest news and current events in Cannabis and CBD/hemp to help you stay in the know. Let’s see what happened in June!!

If you’ve been wondering what’s going on in the world of Cannabis legislation and business but haven’t had time to catch up on all the happenings, we’ve got you covered!

Tune in to our latest episode: “What’s Smoking in Cannabis and CBD News: June 2025 Monthly Recap.”

Social equity programs in Cannabis come with complex financial requirements that go far beyond standard business accounting. Many businesses participating in these programs struggle to meet ongoing compliance obligations, risking their licenses and partnerships.

From detailed revenue sharing agreements to specific reporting requirements, social equity compliance involves financial tracking that most accountants aren't familiar with. Mistakes in documentation or reporting can jeopardize both the equity partnership and regulatory standing.

Join us for an informative podcast as Andrew Hunzicker, CPA breaks down the financial compliance requirements for Cannabis social equity programs.

You'll learn:

- State-specific social equity financial requirements and their implications

- Proper documentation and accounting for equity partnerships and revenue sharing

- Ongoing reporting obligations that businesses must maintain

- How to structure partnerships to meet both business and compliance goals

- Common financial compliance mistakes in social equity programs

- Best practices for maintaining accurate records that satisfy regulators

Whether you're participating in a social equity program or advising clients who are, this session will help you navigate the complex financial landscape of Cannabis social equity compliance.

The financial systems that work for a single dispensary or grow will break down completely as you add locations, expand to new states, or scale your production. What was once manageable with basic bookkeeping becomes a compliance nightmare as your business grows.

Most Cannabis companies realize they need more sophisticated financial operations only after they've already outgrown their systems - leading to costly mistakes, reporting delays, and lost opportunities during critical growth phases.

Listen in as Andrew Hunzicker, CPA shares essential strategies for scaling Cannabis financial operations successfully.

You'll learn:

✅ The warning signs that your financial systems won't support your growth plans

✅ Key milestones that trigger the need for financial operations upgrades

✅ Essential systems and tools for multi-state Cannabis operations

✅ Strategies for maintaining compliance while managing rapid expansion

✅ Common financial scaling mistakes and how to avoid them

Whether you're a Cannabis business leader planning for growth or an accountant serving expanding Cannabis clients, this episode provides practical guidance for navigating the complex journey from startup to sophisticated enterprise.

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