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