Cannabis is a complicated industry to navigate. Owners who cultivate, manufacture, and sell cannabis products need consistent cash flow, clean books, tax advice, and operations consulting to run a successful enterprise. However, functioning in an environment fraught with complex tax, accounting, and compliance issues can make your day-to-day operations challenging. Additionally, the formula becomes more complicated when managing multiple locations and factoring in a legal environment that is different from state to state and on a federal level.
Do you need help setting up accounting systems or internal controls? Do you want best practices for safely and legally handling cash? Are you searching for financial institutions or investors to help expand your business? Or do you need guidance about the Internal Revenue Code Section 280E and how it applies to you? Whatever stage your business is in, having a knowledgeable advisor to provide essential expertise, help you minimize risk, and overcome financial challenges is imperative.
Ready to blaze a trail in this growing industry? Let BeachFleischman help.
Who we serve
- Ancillary businesses
- Cultivators
- Dispensaries
- Extractors
- Investors
- Labs
- Manufacturers
Services we offer
- Accounting and CFO services
- Audit and assurance
- Business structure and entity selection
- Business valuation
- Cash flow forecasts and projections
- Compliance and internal controls
- Court-appointed receiverships/special master
- Cybersecurity assessments
- Financial due diligence
- Forensic accounting
- Human resource management
- Merger and acquisitions
- Operational consulting
- Payroll
- Pension, profit sharing, and 401(k) plan design and administration
- Quality of earnings
- Risk assessment
- State and local income/sales tax and protests
- Strategic planning
- Tax planning and preparation, including IRC Section 280E
- Turnaround management and restructuring
