Accounting & Consulting for the Cannabis Industry
Inhale excellence, exhale revenue
We offer a full suite of accounting, bookkeeping, and compliance services for cannabis businesses. Whether you’re growing it, selling it, or working with it somewhere in between, we have service packages that will help you organize and protect your profits.
Getting Started in Cannabis
Cannabis legalization doesn’t mean the government and the tax code are on your side. You need a trusted voice in your corner to guide your first steps. We’re NACAT trained and certified to help marijuana start-ups and empires alike maintain compliance and protect their revenue.
Let’s work together to plan your first steps so you can thrive in this incredible industry. We’ll take you through guided sessions that include:
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Concept to creation and implementation
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Business legal requirements
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Licenses and permits
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EIN
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Compliance
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Local requirements
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Business formation
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Business plan review
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Strategic growth plan
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Marketing and social media planning
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Financial systems implemented
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Operations process and procedure set up
Bookkeeping and Financial Management
Bookkeeping and financial management are notorious for stealing the high that should come with owning a business. In the cannabis industry, they’re infamous.
Don’t let accounting distract you from your responsibilities. When you work with us, you’ll never have to worry about organizing your books or preparing pesky financial statements again. When you need them, they’ll be waiting.
With our bookkeeping and financial management plan, you can relax with:
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A dedicated bookkeeper to your account
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Bank, credit card, and loan account reconciliation
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Payroll processing and management
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Monthly financial statement preparation and publishing
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Accounts payable
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Accounts receivable
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Clean up/Catch up work to get books up to date **Project Fee May Apply
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Bookkeeping review or support calls (as requested)
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General ledger software integration maintenance (as required)
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API maintenance for plugins
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Work with your CPA to answer bookkeeping questions
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Support of 1099 preparation and filing services
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CFO Services also include:
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Monthly meeting with CEO and/or executives to review financials in detail
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Service and product pricing audit, including evaluation
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Monthly sales reports based on KPIs pre-determined
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Monthly budget creation, reporting, and analysis
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Create internal systems and processes
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Profit analysis and improvement
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Monthly cash flow projections
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Signer on account (if requested)
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Assist with securing capital
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Quarterly internal audit
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Sales tax reporting
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Your COO
In an industry like ours, broken, confusing systems and processes can sink your business before it gets started. We all know that a cannabis company doesn’t need another enemy.
Let us harness our experience across multiple industries to design and implement processes that will take your vision for your company from a pipe dream to a reality.
When you choose the Personal COO Plan, we will:
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Leverage industry information, competitive analysis, customer and campaign analytics, and primary/secondary research to inform product and pricing decisions
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Create a profit strategy tailored to your business’ goals and needs
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Identify and implement new processes and systems to streamline operations with an emphasis on quality, profitability, and scalability
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Develop a custom business development plan, including a marketing plan
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Audit your tech stack, development, and automation
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Build a culture of data-driven decision-making through research and experimentation
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Drive end-to-end accountability for client experience
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Create and maintain cost-effective programs and budgets
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Determine staff development needs and create appropriate action plans
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Maintain and build trusted relationships with key customers, clients, partners, and stakeholders
The Full Squad Solution
Building a team always seems more exciting than it actually is. Let’s be honest: do you really want to sit through those interviews just to hire people with no experience in the cannabis industry? We didn’t think so.
Here’s a better option. Let us supplement your operations team so you can focus on the specialized parts of facilitating the people’s enjoyment of our special plant.
We can revolutionize your operations with
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Bookkeeping
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CFO services
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Virtual assistants
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Business operations management
With High Profit in your corner, you can arm yourself with a personalized team that knows how to strategize, implement, and reorganize the processes that allow businesses to thrive. When you choose the Full Squad Solution, you’ll rise to a new level of efficiency.
