Marijuana businesses
Cannabis Accounting & Advisory Services
Smith Patrick offers specialized Cannabis Accounting and Business Advisory Services to our clients on a project or recurring basis.
Some of our cannabis accounting and advisory services include:
- Cannabis business plan development
- Financial statement audits for regulatory agencies, licensing purposes, and investors
- Cannabis start-up services, including business entity selection
- Marijuana-related business cash flow analysis and cash management
- Strategic planning
- Implementing new accounting standards
- Cannabis tax strategy planning for Internal Revenue Code:
- Section 280(e) – Forbids deduction of ordinary business expenses
- Section 471 – General rule for inventories
- Section 263(a) – Uniform capitalization