Introduction The NY Cannabis Excise Tax has introduced a new dynamic in the state's growing cannabis industry. This tax, intended to generate significant revenue, is particularly important for small firms operating within the market. While designed to…
As a CPA who's been knee-deep in Cannabis accounting for years, I've had a front-row seat to the industry's explosive growth. It's been a wild ride, watching this sector bloom into a multi-billion dollar market.…
Understanding the Implications of Cannabis Reclassification The U.S. Drug Enforcement Agency (DEA) has recently recommended shifting cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act. This significant move has…
Introduction Cannabis accounting presents unique challenges that are not commonly encountered in other industries. The intricacies of tracking and managing financial records within the cannabis sector come from strict regulatory requirements, banking restrictions, and the…
Introduction The world of cannabis accounting has its own set of difficulties that require specialized attention. Cannabis businesses operate in a complex regulatory environment, with strict compliance requirements and specific financial considerations. These complexities highlight the need…
The Cannabis industry is on the cusp of a monumental shift that's about to rock the accounting and tax world. As a CPA with nearly a decade of experience in this niche, I've watched this…
Over the past decade since Colorado first legalized recreational Cannabis in 2012, the Cannabis industry has grown massively despite conflicting state and federal laws. The legal market hit $33 billion in 2023, while polls show…
This is a copy of the original letter of recommendation written by the AICPA & CIMA Cannabis Industry Conference Producer. DOPE CFO has been a proud contributor to the annual conference since the very first…
Becoming a Successful Cannabis CFO in Just 6 Months You’re dreading the start of the week: the soul-crushing commute to the office, the long working hours that resemble more like a 5-9 than a 9-5,…
The key to success at dealing with common software issues that occur in Cannabis accounting is keeping a cool head and positive attitude. It’s easy to get overwhelmed tackling the many challenges that pop up.…