Cannabis

BeachFleischman can serve entrepreneurs operating cannabis businesses throughout the United States. Our team of CPAs and advisors understands the intricate landscape of the cannabis industry. From regulation to risk, we help clients navigate change and prepare for the future.

Who We Serve

Ancillary Businesses
Cultivators
Dispensaries

Extractors
Investors
Manufacturers

Cannabis Services

Accounting
Audit and assurance
Business valuation
Business structure and entity selection
Cash flow, forecasts, and projections
Compliance and internal controls
Court-appointed receiverships/special master
Cybersecurity assessments
Forensic accounting and litigation support

Mergers and acquisitions
Operational consulting
State and local income/sales tax & protests
Strategic planning
Risk assessment
Tax planning under IRC Section 280E
Tax preparation
Turnaround management & restructuring

Cannabis Insights & Updates

Large cash transactions with your business must be reported to the IRS

Certain types of businesses receive large payments of cash. They may be …

High Expectations Lead to High Achievement in the Cannabis Sector

Expectations are high in Arizona’s cannabis industry and throughout the U.S. as …

Raising Arizona: Understanding the Financial and Operational Challenges in the Cannabis Industry

Despite the financial, operational and legal challenges facing the cannabis industry, significant …

Cannabis-related Presentations:

“A Joint Approach in the Growing Challenges of Valuation, Risk and Fraud in the Cannabis Industry,” Arizona Society of CPAs Annual Conference, November 2021
“Is the Grass Getting Greener? Arizona’s Cannabis Industry Trends, Challenges and Opportunities,” Arizona Society of CPAs, August 2021
“Evaluating Cannabis Risk Management Framework,” Arizona Society of CPAs, August 2021
“Cannabis Table of Experts,” Phoenix Business Journal, August 2021
“Business Plans in Cannabis,” Marijuana Industry Trade Association, July 2021
“Deep Dive into Compliance,” Marijuana Industry Trade Association, July 2021
“Insurance Placement Challenges in the Cannabis Industry,” BeachFleischman, July 2021
“Banking and Lending Challenges in the Cannabis Industry,” BeachFleischman, May 2021
“The Importance of IT, Security and Compliance,” Marijuana Industry Trade Association, April 2021
“Dealing with Disruption: After COVID-19,” 2020 National Cannabis Symposium, October 2020
“Arizona Update: Growth on the Horizon,” 2020 National Cannabis Symposium, October 2020
“Panel Discussion: Arizona’s Burgeoning Cannabis and Hemp Industry,” Arizona Society of CPAs Cannabis Special Interest Section, February 2020 (presentation and article)
“A Friday Morning in the Weeds, Part II: Continued Discussions Regarding the Evolving Commercial Cannabis Arena,” State Bar of Arizona, November 2019
“Grim Reefer: In the End, It’s About Collecting What is Due,” Arizona Department of Revenue, August 2019
“Cannabis Receiverships – Stirring Up the Pot,” State Bar of Arizona 2019 Convention, June 2019
“Hemp Me Hemp You Access Risk in Valuations,” Arizona Private Lenders Association, October 2018
“Weeding Through the Risks,” Southwest Cannabis Convention, October 2017

Special Interest Groups:

Chairperson for the Cannabis Special Interest Section for the AZ Society of CPAs
Member of the Public Policy Committee of the Arizona Cannabis Chamber of Commerce
Education Advisory Board member of the Association of Certified Commercial Cannabis Experts
Member of the Arizona Cannabis Bar Association
Member of AICPA’s informal Cannabis Task Force
Member of the Marijuana Industry Trade Association

Our Approach

We take a 360-degree view of your cannabis operations to help you capitalize on opportunities. Our bench strength provides you with the advantages of partnering with one trusted advisor backed by a team of cannabis industry advisors.

Our team consists of financial professionals with the following designations:

CPA – Certified Public Accountant, Arizona Board of Accountancy
ABV – Accredited in Business Valuation, American Institute of Certified Public Accountants
ASA – Accredited Senior Appraiser, American Society of Appraisers
CFF – Certified in Financial Forensics, American Institute of Certified Public Accountants
CGMA – Chartered Global Management Accountant, American Institute of Certified Public Accountants
CFA – Chartered Financial Analyst
CFE – Certified Fraud Examiner, Association of Certified Fraud Examiners
CBA – Certified Business Appraiser, Institute of Business Appraisers
CDBV – Certified in Distressed Business Valuation, Association of Insolvency & Restructuring Advisors
CIRA – Certified Insolvency & Restructuring Advisor, Association of Insolvency & Restructuring Advisors
CICA – Certified Internal Controls Auditor, Institute of Internal Controls
CTP – Certified Turnaround Professional, Turnaround Management Association
CCCE – Certified Commercial Cannabis Expert

What you can expect

We work collaboratively with Arizona cannabusinesses to help save taxes, preserve wealth, mitigate risk, improve accountability, enhance profitability, achieve compliance, and realize growth potential. When working together toward your success, you’ll find that we:

Enhance your ability
Make interactions easy
Recognize that success is personal
Impact the community

Resources you can access

BeachFleischman PC is based in Arizona and has offices in Phoenix and Tucson (Headquarters). We are Arizona’s largest locally-owned CPA firm and a “Top 200” largest CPA firm in the U.S. We serve over 7,000 private enterprises, nonprofit organizations, and entrepreneurs in the U.S., Mexico, and Canada, and provide accounting, assurance, tax, strategic operations & advisory services and litigation support services. BeachFleischman PC is an active member of the Leading Edge Alliance, one of the largest international professional associations of independently-owned accounting and advisory firms.