The Cannabis Accounting Podcast

By DOPE CFO

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... more

· Business

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FAQs about The Cannabis Accounting Podcast:

How many episodes does The Cannabis Accounting Podcast have?

The podcast currently has 174 episodes available.

The Cannabis Accounting Podcast episodes:

January 04, 2022 Ep. 83: How Cannabis Transformed My Practice--with Chip Schweiger, CPA, CGMA
It’s a new year and the perfect time to finally take that leap into the exciting world of Cannabis.

Getting into a new industry is scary and you might not know where to start or what to expect. Some of you might have just stumbled on this podcast and the title piqued your curiosity, some of you have been listening along and are figuring out if this is the niche you want to be in, and others are just looking to hear a new perspective. Referred to by some as the “Wild Wild West," the rampant growth and expansion of the Cannabis industry have made it an exciting place to operate.

In today’s episode, the Cowboy Accountant himself, Chip Schweiger, CPA, CGMA from The Green Leaf CPA talks with DOPE CFO Founder, Andrew Hunzicker, CPA about the transition to starting his own Cannabis accounting firm and learning to function in this relatively new (state-legal) industry.

They discuss:
🍃 What makes the Cannabis industry unique
🍃 The growing opportunity Cannabis accountants and bookkeepers have as state legalization continues to sweep the country
🍃 Tools you can utilize when starting your own Cannabis accounting firm

Grab your FREE guide to “Accountant's Guide to Managing Your Client's Cannabis Accounting Needs.” Visit: https://bit.ly/3pOebLO

🌿Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo

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🌿 Find Chip Schweiger, CPA, CGMA
Website: https://thegreenleafcpa.com/
LinkedIn: https://www.linkedin.com/in/chipschweiger/
Instagram (Chip): https://www.instagram.com/chipschweiger/
Instagram (The Green Leaf CPA): https://www.instagram.com/thegreenleafcpa/
Twitter: https://twitter.com/ChipSchweiger
...more
35min
December 21, 2021 Ep. 82: A Deep Dive Into the Challenges of Working in Cannabis in Arizona -- with Samuel Richard
It’s tough starting a business in an industry with so much red tape and unclear guidelines. For Cannabis business owners, there are numerous restrictions and they might start feeling hopeless and lonely. Groups like the Arizona Dispensaries Association (ADA) are a community of leaders providing information, guidance and are the legislative and regulatory voice for Arizona’s Canna-prenuer. They strive to recruit and retain responsible industry members who believe in protecting patients and providing high-quality cannabis in Arizona.

As a Cannabis accountant and bookkeeper, you can network with advocacy groups by demonstrating your expertise. One idea is leading an informative seminar on 280E!

Andrew discusses the following with Samuel Richard, a member of the Arizona Dispensary Association (ADA) on this episode of our podcast:

🌿 What advocacy for Cannabis companies looks like and how to get involved
🌿 The Arizona Cannabis market, and how the Arizona Dispensary Association is helping businesses navigate tough rules and regulations through their work
🌿 IRS audits and the need for accountants in the Cannabis industry

Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo

Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo

Say HEY On Social:
LinkedIn: https://www.linkedin.com/company/dopecfo
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Instagram: https://www.instagram.com/dopecfo
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Arizona Dispensary Association Social:
https://azdispensaries.org/
https://www.facebook.com/AZDispensariesAssociation/
https://twitter.com/ada_arizona
https://www.instagram.com/arizona.dispensaries/
...more
29min
December 06, 2021 Ep. 81: Why Social Equity Matters in the Cannabis Industry with Nina Parks (Gift of Doja) and Shaleen Title
Social Equity. What does it mean in the Cannabis Industry?

Andrew sits down with Shaleen Title (Cannabis Attorney and Speaker) and Nina Parks (Cannabis Activist) to talk about what social equity truly means in the Cannabis industry.

It’s not new knowledge that the war on drugs, especially marijuana, has greatly impacted Black, Latinx, Native American, and other minority communities. What cannabis social equity can do is to ensure that these communities get the resources they need to thrive in the budding industry that once persecuted them.

Some topics Shaleen, Nina, and Andrew cover:

🌱 Why social equity in Cannabis is important
🌱 How social equity in the Cannabis industry can help marginalized communities
🌱 How to be an ally and an accomplice
🌱 How Cannabis accountants can partner with new business owners, especially social equity applicants

For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr

Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo

Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo

Say HEY On Social:
LinkedIn: https://www.linkedin.com/company/dopecfo
Facebook: https://www.facebook.com/dopecfo
Instagram: https://www.instagram.com/dopecfo
Twitter: https://twitter.com/dopecfo
...more
59min
November 22, 2021Ep. 80: An Outlook on IRS Audits and Tax for the Cannabis Industry in 2021/2022
As more states legalize Cannabis, the IRS is cracking down on tax audits. Recently, the IRS has announced they are specifically focusing on S-Corp and running a fine-toothed comb through CEOs’ books. Cannabis companies are a bigger target now than ever.

The only way to make sure your clients are prepared for audits during tax season is by understanding the ins and outs of updated Cannabis tax laws. Join us for this podcast as Andrew Hunzicker, CPA covers in-depth details on what the IRS is looking for and how to set your clients up for success.

Andrew discusses:
Ways to avoid getting your clients flagged for an audit

Accounting operations efficiencies to make audits a breeze (having the right tools and processes in place for WHEN an audit happens)

Internal audit processes that add a ton of value to your clients and that can keep you out of trouble with the IRS (cash controls, governance, etc)

And more!

For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr

Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo

Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo

Say HEY On Social:
LinkedIn: https://www.linkedin.com/company/dopecfo
Facebook: https://www.facebook.com/dopecfo
Instagram: https://www.instagram.com/dopecfo
Twitter: https://twitter.com/dopecfo
...more
15min
November 08, 2021Ep. 79: Surviving an Audit from a Cannabis Owner’s Perspective -- with Tony Frischknecht
Audits. That’s a word that makes most Cannabis accountants and their clients shake in their shoes. But the audit process doesn’t have to be so anxiety-producing. You just have to know what to expect.
Our recent podcast features Tony Frischknecht, a Cannabis company owner and investor of more than 17 years. Tony got his start in Colorado, the first state to legalize Cannabis. Tune in as he sits down with DOPE CFO founder Andrew Hunzicker, CPA to discuss what experiencing an audit is like from the perspective of a Cannabis CEO and what you can do to up your accounting game to help your clients pass with flying colors.
Key points Tony and Andrew discuss include:
Why city and state audits are implemented: audits are necessary -- they aren’t just delivered as punishment for Cannabis companies that regulatory bodies suspect are conducting business illegally (discover the real reason why audits are not only necessary but inevitable)

How Cannabis accountants can help prepare their clients for audits: rock-solid accounting and an impeccable understanding of compliance are key to helping your clients survive audits (we’ll discuss which components need to be in place, as well as common errors to avoid)

The one factor that will set you apart in a client’s eyes: providing cost accounting and inventory accounting, strategic advisory, and tax burden guidance is all essential but building a relationship with a client will make the biggest difference (and greatly improve your chances of attracting higher-paying clients)
Tony is available at tonyfrischknecht.com if you want to connect about audits or Cannabis investing or to listen to his podcast, Plant Problems.
For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr
Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo
Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo
Say HEY On Social:
LinkedIn: https://www.linkedin.com/company/dopecfo
Facebook: https://www.facebook.com/dopecfo
Instagram: https://www.instagram.com/dopecfo
Twitter: https://twitter.com/dopecfo
...more
34min
October 25, 2021Ep. 78: IRS Audits, 280E, and Tax Laws: Legal Insights from a Cannabis Lawyer -- with Rachel K. Gillette
In the Cannabis industry, it’s not a matter of if a Cannabis company will undergo an audit but when. As an accountant, it’s your job to understand the fundamentals of accounting and tax laws and regulations to help your clients have the best possible chance to survive the critical eye of the IRS.
Fortunately, the more you know and the better you can provide world-class, niche-specific accounting to these Cannabis CEOs, the better you can help them safeguard against legal consequences.
For this podcast, we’ve gone straight to the source to offer you support in strengthening your understanding of Cannabis tax laws. Rachel K. Gillette, Cannabis attorney and partner at the Cannabis industry group Holland and Hart, sat down with Andrew Hunzicker, CPA to discuss insider information regarding Cannabis tax codes, recent court cases, and how accountants support their clients.
Topics they discuss include:
The industry’s most misunderstood or misinterpreted tax laws: 280E and Section 471 go hand-in-hand to help Cannabis companies determine which deductions can be claimed, although a great majority of Cannabis companies and accountants don’t understand how to legally lower the tax burden

How Cannabis accountants can keep their clients compliant: the only way accountants can help their Cannabis clients stay out of hot water with the IRS is through proper niche-specific accounting practices and understanding the fundamentals of each tax code (we delve into what every accountant should know who intends to serve clients in this industry)

An outlook on current and future tax court cases: learn what the IRS is looking for in audits and why the federal government in winning most 280E-related cases (and strategies accountants should adopt to help clients survive audits)
For more info on Rachel’s law firm and how she can advise you as you learn to serve Cannabis clients, visit https://www.hollandhart.com/rkgillette.
For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr
Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo
Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo
Say HEY On Social:
LinkedIn: https://www.linkedin.com/company/dopecfo
Facebook: https://www.facebook.com/dopecfo
Instagram: https://www.instagram.com/dopecfo
Twitter: https://twitter.com/dopecfo
...more
36min
October 11, 2021Ep. 77: Innovating Your Cannabis Accounting Practice with AI -- with Jody Padar
Most accountants are so busy they barely have time to live their lives. If you run a remote accounting or bookkeeping practice, one reason you started that endeavor may have been because you wanted to strike a better work-life balance.
Now, you have so much busywork to do, including filing reports, data entry, and filling out tax returns, that you are still working nearly 80 hours a week -- without much to show for it.
Our advice? Let a machine help you.
In the dawning age of artificial intelligence (AI), this innovative technology has its place in accounting, especially in the Cannabis accounting niche where you have enough to worry about while trying to keep your clients compliant amid so many changing rules and regulations.
In episode 77 of The Cannabis Accounting Podcast, DOPE CFO founder Andrew Hunzicker, CPA sits down with Jody Padar, CPA and VP of strategy at Botkeeper, a full-suite AI accounting solutions company. She discusses the growing importance of adopting AI to innovate and transform bookkeeping or accounting operations and how removing this “grunt work” is the key to living your best life.
Key points Andrew and Jody discuss include:
How artificial intelligence (AI) can transform your Cannabis accounting practice and free up your life: whether you run a solo remote Cannabis accounting practice or a larger firm that serves many industries, AI can streamline your processes and help you focus on strategic advisory services or other high-level offerings (allowing you to strike more of a work-life balance while earning higher rates)

The benefits of Botkeeper: Botkeeper is an AI and machine learning technology solution for bookkeepers and accountants that fully automates reporting and data entry to innovate your workday (as VP of strategy at Botkeeper, Jody talks about how Botkeeper will make life easier for both you and your clients)

Why AI and Cannabis are a perfect match: people working in or with Cannabis and AI are early adopters, the pioneers who see greatness in budding markets (we’ll talk about how Cannabis accountants entering the space can 10x their business goals with AI solutions)
For more info on Botkeeper and how it can revolutionize the way you run your accounting firm or remote practice, check outhttps://www.botkeeper.com/.
For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr
Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo
Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo
Say HEY On Social:
LinkedIn: https://www.linkedin.com/company/dopecfo
Facebook: https://www.facebook.com/dopecfo
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Twitter: https://twitter.com/dopecfo
...more
18min
September 27, 2021Ep. 76: How to Use Social Media to Book Cannabis Client Meetings and Land Signed Offers -- with Rosanna St. John
Most accounting professionals squirm away from marketing. However, at the end of the day, the only way accountants and bookkeepers can land great clients is to level up their marketing chops in simple, strategic ways.
In Episode 76 of our podcast, bookkeeper Rosanna St. John talks with DOPE CFO founder Andrew Hunzicker, CPA about social media marketing approach and her client-magnet techniques. By tapping into the Instagram algorithm and upping her audience engagement, she not only quickly booked three client meetings -- but also walked away from each meeting with a signed engagement.
Tune in to hear Rosanna and Andrew discuss:
How just being yourself is a valuable marketing tool: clients want honesty and authenticity -- they’re not so much buying your services as they are buying what you represent (Rosanna chats about how she is herself first and foremost, which has proven to be a valuable marketing strategy as she sculpts her business to best serve her clients)

Using Instagram for client outreach and acquisition: landing clients quickly can be easy if you know how to leverage social media (we’ll discuss how Rosanna landed three client meetings within a week of joining DOPE CFO simply because she knows how to promote herself and participate in networks using Instagram)

Developing a client engagement and communication strategy: even if marketing overwhelms you, developing a simple strategy for engaging with and answering questions on social media can connect you with potential clients (Rosanna breaks down the steps she used for client engagement that any accountant can implement on basic social media platforms)

For more info on Rosanna’s bookkeeping business and how she can help you with your Cannabis accounting path or MJ business, check out https://linktr.ee/cannabookkeeper.
For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr
Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo
Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo
Say HEY On Social:
LinkedIn: https://www.linkedin.com/company/dopecfo
Facebook: https://www.facebook.com/dopecfo
Instagram: https://www.instagram.com/dopecfo
Twitter: https://twitter.com/dopecfo
...more
23min
September 13, 2021Ep. 75: The Power of Participation: A Cannabis Accountant’s Secret Marketing Weapon with Molly Mayfield
Many Cannabis and CBD/hemp accountants don’t know how to market themselves, making it harder for them to get out there and land new clients. At DOPE CFO, one highly effective marketing tip we share with our students is to “participate.”

“Participate” is one part of a critical VIP formula we teach as the “secret sauce” required to really shine as an accountant in Cannabis or hemp/CBD. (The “V” stands for Valuable Expert and the “I” stands for Instructor.)

Although “participate” is usually the most overlooked of this formula, it can be the most fun and effective way for you to prove your expertise and land new clients. You can dive into local groups, help significant Cannabis/CBD causes, and support peers and potential clients interested in growing the industry.

Molly Mayfield, a CPA and owner of the Cannabis accounting firm GreenFlex Financial, sat down with DOPE CFO founder Andrew Hunzicker, CPA to discuss how she has used “participate” to quickly establish herself as an expert and land great clients.
Topics Molly and Andrew discuss include:
What it means to be a “participant”: being a participant in your niche means diving into networks, events, and groups and sharing your knowledge among peers (and potential clients) to further the growth of your industry

How to use participation in Cannabis/CBD events/groups to land new clients: once you focus on being a participant, you can leverage your expert knowledge and help others in nonprofit groups and/or community networks to showcase the value you could provide (all it takes is a Google search to find groups or events in your state that you can take part in)

The importance of speaking engagements and being active in the industry: with dedication as a participant, you may also be able to land speaking engagements to broadcast your knowledge and reputation as an expert in the industry (listen as Molly talks about her upcoming speaker event on the hot topic of social equity)
For more info on Molly’s company and how she can help you with your Cannabis accounting path or MJ business, check out www.greenflexfinancial.com.
For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr
Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo
Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo
Say HEY On Social:
LinkedIn: https://www.linkedin.com/company/dopecfo
Facebook: https://www.facebook.com/dopecfo
Instagram: https://www.instagram.com/dopecfo
Twitter: https://twitter.com/dopecfo
...more
40min
September 01, 2021Ep. 74: Strategies to Take the Stress Out of Landing Your First Cannabis Client
One of the biggest roadblocks new Cannabis accountants face doesn’t have to do much with accounting.

It’s client acquisition.

Even after you have mastered every tax code, cost accounting process, and niche-specific requirement you still might face the overwhelming prospect of landing your first client.

However, finding and signing on your first client doesn’t have to be anxiety-producing if you know a few tips and tricks to make it an easier process. Listen in to “Ep. 74: Strategies to Take the Stress Out of Landing Your First Cannabis Client” as Andrew Hunzicker, CPA breaks down ways to start building your clientele.
Topics he discusses include:
Establishing a value-focused mindset: you’re not just another general accountant who won’t be able to help your clients properly reduce their tax burden and comply with seed-to-sale tracking; you’re an invaluable asset to your client and viewing yourself as such is the first step to landing clients (we’ll discuss how to communicate to your prospect how you can offer them real value versus selling services to them)

Developing a simple marketing system: even if you absolutely loathe marketing, you can still attract the clients you’re looking for using a simple but effective system (this includes using an easy four-part proven system that DOPE students consider their secret weapon for landing clients)

Getting involved with communities and networks: one of the best ways you can get yourself out there and attract new clients is through participating in Cannabis accounting groups and networking with your peers (through this participation, you’ll build yourself up as an expert in the industry and will have access to connections and collaborative work through these networks
For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr
Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo
Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo
Say HEY On Social:
LinkedIn: https://www.linkedin.com/company/dopecfo
Facebook: https://www.facebook.com/dopecfo
Instagram: https://www.instagram.com/dopecfo
Twitter: https://twitter.com/dopecfo
...more
18min

FAQs about The Cannabis Accounting Podcast:

How many episodes does The Cannabis Accounting Podcast have?

The podcast currently has 174 episodes available.