Capital raise is almost always inevitable for Cannabis or hemp/CBD business startups. At some point your company or your client’s company is going to need to raise capital -- and you’re going to need to know how to confidently guide them through the process.

Capital may still be tight for startups in 2020, but Cannabis and hemp/CBD businesses may soon have access to new capital options from angel investors, hedge funds, private equity, Big Pharma, and other sources. When this outpouring of investment sources begins to rush in, you want to be ready.

Listen in as DOPE CFO founder Andrew Hunzicker, CPA talks about the 5 keys it takes to unlock the interests of investors and increase the likelihood of winning their commitments.

Key points Andrew addresses include:

As an accountant, you can add immense value to your clients by knowing how to prepare a business for raising capital. If you’re an owner or operator of Cannabis  or hemp/CBD business, knowing the steps involved in raising capital puts you ahead of the curve. For more tips and advice on Cannabis/CBD accounting trends and concepts, make sure you subscribe to our podcast. Fore more information on our program, check out our website at dopecfo.com.

Clean books are critical to any business staying compliant with the IRS and federal and state regulations. Cannabis business owners struggle to keep their books organized because of the complex rules and regulation involved with that industry. Plus, due to its schedule 1 status, Cannabis is cash-based, making it even more difficult for general accountants and CEOs to maintain clean and compliant books.

As an accountant, you have an incredible opportunity to be the expert for your Cannabis clients to help them clean up their books and maintain accurate cost accounting and GAAP guidance to produce proper books every day, week, quarter, and year.

So, when you get a new client and you know there is some major cleanup work to do, you want to make sure you do it right the first time around. Join DOPE CFO co-founder Naomi Granger, MBA, CPA for our latest podcast episode.. She unravels the main points accounting professionals and Cannabis CEOs need to consider as they get their books in order to stay legal and successful.

For more information on getting started, make sure you subscribe to our bi-monthly podcast for great tips and updates! Also, make sure you check out our FREE Cannabis Accounting Guide by texting DOPECFO to 345345

When you first start out in the Cannabis accounting industry, reaching out to potential clients can seem intimidating. Add trying to wow them and land them as paying clients -- and that can seem almost impossible, at first. Valeria Cruz Sandino, CPA, joined us recently for an interview and shared with us the process she used to land big Cannabis clients with a compelling phone call and offer -- and how she presented the value of her services in a way that made the client practically beg for her to onboard them. Within a few short months, she had positioned herself as an expert and was being invited to speak at events.

Valeria touches on hot topics, such as:

For more great tips and soundbites on Cannabis accounting and bookkeeping, make sure you subscribe today to our podcast. For more info on the DOPE CFO program, text DOPECFO to 345345 for our free Cannabis Accounting Guide.

Cannabis legalization has received plenty of attention these past few elections, taking the plant from being recognized as just another commodity (in just a handful of states) to an economic game-changer nationwide. Even with the coronavirus pandemic, Cannabis companies have been deemed essential in some states, while many others issued stay-at-home orders that required countless businesses to scale back, or even close, operations. Many Canna companies have experienced record-breaking sales the last few months.

The revenue that this industry has generated did not go unnoticed by local governments, and many states are trying to push for legalization this November. Which states will likely legalize, and which will need to wait? Listen in as DOPE CFO co-founder Naomi Granger, MBA, CPA delves into ballot initiatives for November 2020 and discusses which states are most likely to see Cannabis legalized.

Key points she’ll cover include:

Or, check out our FREE Cannabis Accounting Guide by texting DOPECFO to 345345

Many accountants receive the advice to find a niche and become an expert in that industry. But countless accounting professionals also feel anxious and a lack of confidence starting out in a new market. Leanna Miller started her journey towards developing a Cannabis accounting practice in a similar frame of mind: she felt a little in over her head learning niche-specific regulations and rules and didn’t have the confidence to approach high-revenue clients.

Leanna joined us recently at the DOPE CFO Podcast to talk about her experiences entering the Cannabis industry -- and how she has emerged a confident expert in her field, even landing speaking engagements just months after stepping foot into the niche.

Listen in to hear Leanna’s story as she discusses:

For more great tips and soundbites on Cannabis accounting and bookkeeping, make sure you subscribe today to our podcast. For more info on the DOPE CFO program, text DOPECFO to 345345 for our free guide.

What do rock climbing and accounting have in common? Quite a bit, it appears. We recently sat down with motivational speaker,mental coach for the French National Climbing Team, and rock climber, Christophe Bichet, to talk about how it is possible to strap on your crampons and climb towards world-class proficiency and success in everything you do, whether you’re scaling the French Alps, learning a new hobby, or setting up your own remote accounting business.

Listen in for this exciting twist on accounting education. Christophe and DOPE CFO co-founder Andrew Hunzicker, CPA discuss the following inspiring topics:

For more information on Christophe, check his website out at christophebichet.com. If you want to learn more about the DOPE CFO program and for more accounting tips and industry insight, make sure you subscribe to our DOPE CFO Podcast channel for bi-weekly episodes.

Tammy L., a Cannabis accountant from North Carolina, joined us recently to talk about her experiences transitioning from a full-time job to a remote practice. She told the story of the hard work she has put into developing this next chapter in her career, and offered advice to others looking to make the same career move.

Ask most remote accountants about their remote working lifestyle and they will tell you about the freedom they have to work anywhere with a wifi, the flexible hours they get to set, and the ability to acquire higher fees from hand-picked clients. Add a super-powered niche like Cannabis (the fastest growing industry in the country) and you have the formula to crack into a rewarding and fulfilling opportunity.

Especially with most of the country in isolation right now due to coronavirus, there’s no time like the present to learn how to start a remote Cannabis accounting business. Tammy, a DOPE CFO student, launched her remote Cannabis accounting practice last year and managed to land a 6-figure client with just one compelling email, using the DOPE CFO email script. Tune in to hear how she did it and be inspired to follow her footsteps.

Make sure to listen to the end for information on getting our free guide to landing your first Cannabis client. Thanks for listening and don’t forget to Be DOPE!

Insurance is an imperative part of any and every business, especially for Cannabis with its federally illegal status and strict regulations. The caveat is that most average carriers won’t touch the Cannabis industry.

Join us for Episode 37: Insurance: Important Considerations for Picking an Insurance Provider for Cannabis Companies as we interview Brenda Bader, accounting professional and insurance agent of Missouri. She has provided services for more than 20 years to individuals and businesses and is one of the few agent insurance agents we know of that serves the Cannabis market.

Listen in as DOPE co-founder Naomi Granger, MBA, CPA interviews Brenda and asks her about why insurance is essential to Cannabis businesses, what kind of policies apply to different Cannabis verticals, and how to pick a trustworthy carrier who can protect your client or your company.

Key points Brenda discusses include:

Insurance is a crucial part of the Cannabis industry and requires in-depth knowledge to understand your options when looking at carriers. This episode puts you in the know with one of the best in the field.

To claim the free guide we mention at the end of the podcast, remember to text us “DOPECFO” at 345345.

The Cannabis industry is growing at a blindingly rapid pace -- so much that we refer to it as the “Green Rush.” Medical Cannabis is now legal in 33 states and recreational Cannabis has become legal in 11 states. That is a $20 billion dollar-market -- and it’s likely only going to increase with pending federal legislation taking steps to legitimize the $70 billion “illegal” market.

Imagine...all these Cannabis companies and CEOs jumping into the green rush and realizing just months down the line that bookkeeping is SERIOUSLY complicated. That’s where you come in.

Because Cannabis is so highly regulated and predominantly a cash-only industry, tax codes, deductions, sticky software integrations, and poor vendor-business relations are just a few of the major pitfalls Cannabis business owners find themselves stumbling over.

During this podcast we discuss the main Cannabis bookkeeping issues CEOs face and the opportunities you have to supply expert solutions to keep them compliant with IRS, federal, and state regulations. Main topics covered include:

🌱 Understanding holes and hurdles in vendor-business relations and how to develop solutions to bridge the gap

🌱 Accessing and integrating effective tools to integrate complex software systems

🌱 Devising “manual” accounting systems to compensate for the lack of effective and streamlined Canna software

🌱 Providing GAAP guidance and developing workarounds to navigate the lack of Cannabis industry resources

🌱 Preventing downtime and smoothing buggy software infrastructure

🌱 Following annual, quarterly, monthly, weekly, and daily procedures for Cannabis bookkeeping

🌱 Offering a high-demand service to businesses who need your expertise to stay afloat

Want more tips, tricks, and support as you dive into the Cannabis bookkeeping industry? Make sure you subscribe today to The Dope CFO Cannabis Accounting Podcast at Anchor.FM for biweekly podcast episodes on Cannabis and CBD accounting and bookkeeping -- and everything in between!

Cannabis is largely a cash-based industry. Banking barriers make it risky and difficult for your clients to stay compliant and safe, despite how badly they try to be legit.

How do you help your clients optimize tax benefits when operating mostly in cash? How do you manage your own banking when you work in a federally ‘illegal” industry so you aren’t accused of money laundering?

This podcast covers pressing banking questions like these asked by our VIP members in our private FB group.

You’ll learn about the risks Cannabis businesses face without a proper banking account:

You will also learn the landscape of current Cannabis banking availability (or lack thereof) and what your current options are to protect yourself and your clients. We also focus on discussing:

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If you would like to download the free guide I mentioned, just download “Accountant’s Guide to Managing Your Client’s Cannabis Accounting Needs” by clicking here: http://bit.ly/384XNdJ

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