Why a Fractional CFO May Be the Right Fit for Cannabis Businesses
Let’s be real: running a cannabis business is no easy feat. Between evolving regulations, complex taxes, and managing cash flow in a largely cash-heavy industry,…
Sarah Bantz Voted Best Accountant in the Greenway Cannabis Industry Awards
We’re thrilled to share that Sarah Bantz, CPA, leader of our Cannabis Accounting team, has been named Best Accountant in the 2025 Greenway Best of…
Smith Patrick’s Sarah Bantz Elected Treasurer of We Are JAINE: Elevating Women in Cannabis
Smith Patrick congratulates Sarah Bantz, CPA, on her election as Treasurer of We Are JAINE®, an organization dedicated to supporting women in the cannabis industry….
Missouri’s Consumer-Friendly Marijuana Tax System: What You Need to Know
Missouri’s marijuana tax system is making headlines for its consumer-friendly structure. In an article published on MoCannTrade.org, the website of the Missouri Cannabis Trade Association,…
The DEA Agrees to Reclassify Marijuana: What It Means and What Comes Next
Historic Shift in Federal Policy After over fifty years of federal prohibition, the Drug Enforcement Administration’s (DEA) proposal to reclassify marijuana from Schedule I to…
Unlocking Financial Success in the Cannabis Industry: Join Us at the Missouri Cannabis Summit
Are you navigating the complexities of the cannabis industry, striving to make your mark while managing the intricate financial challenges that come with it? If…
Reducing Overheads in Cannabis: Navigating Missouri’s Utility Tax Exemptions
By David Smith, CPA, MBA, CM&AA As the cannabis industry continues to flourish in Missouri, a significant opportunity has emerged for businesses to achieve substantial…
The Financial Foundations of a Thriving Cannabis Business
Navigating the ever-expanding cannabis industry can be as exhilarating as it is challenging. Whether you’re just stepping into this world as a new licensee or…
Accounting Expert Insights on SAFER Act and Cannabis Industry Banking
Missouri Business Alert recently published an article on one of the cannabis industry’s most pressing concerns—limited access to traditional financial services. Providing expert commentary on…
Cannabis Banking in Missouri: Challenges, Progress, and the SAFER Banking Act
The cannabis industry in Missouri is growing rapidly, but cannabis businesses face a number of challenges, including accessing banking services. This is because marijuana is…
Accounting | Cannabis | News
Smith Patrick Cannabis Accounting Expert to Present at Lucky Leaf Expo, St. Louis, MO
Sarah Bantz, CPA, Shares Cannabis Accounting Expertise The leading cannabis expo, Lucky Leaf, is coming to Missouri on Oct. 6-7, 2023. Smith Patrick’s Sarah Bantz,…
Accounting | Cannabis | Consulting | Tax
Missouri Marijuana 2023 Tax Update: Rays of Hope
In a significant development for the cannabis industry, licensed marijuana businesses in Missouri are now permitted to bypass 280E for state tax filings. This new…
How Smith Patrick CPAs Is Guiding Missouri’s Cannabis Entrepreneurs through the Tax Maze
The Missouri cannabis industry is growing, and Amendment 3 has brought new tax deductions for marijuana businesses. Smith Patrick CPAs, a cannabis-focused CPA firm, is…
Accounting | Cannabis | News
Missouri Marijuana Entrepreneurs to Receive More Tax Deductions with Amendment 3, Explains Cannabis CPA Expert
Tax law is changing for the benefit of Missouri cannabis businesses with the passing of Missouri Amendment 3. Not only did this extend marijuana from…
Accounting | Cannabis | News
Sarah Bantz Joins Smith Patrick CPAs, Brings Cannabis Accounting Expertise
Bantz Brings Cannabis Controller Experience to Growing St. Louis Accounting Firm St. Louis, MO — Smith Patrick CPAs announces that Sarah Bantz, CPA, has joined…
Cannabis | Consulting | Tax
What to Expect During IRS Cannabis Audits
Cannabis Audit Procedures Revealed in Confidential IRS Document It’s been documented that the IRS looks closely at cannabis businesses. We’ll take a look at the…
Accounting | Cannabis | Tax
Attention Marijuana Operators: Learn the Tax Implications of Missouri Amendment 3
Tax law is changing for Missouri cannabis businesses. On November 8, 2022, Missouri Amendment 3, the Marijuana Legalization Initiative, was approved by voters, extending marijuana…
Avoid Cannabis Tax Mistakes that Can Destroy Your Company
Many marijuana companies have faced stormy financial situations recently with collapsing margins, oppressive taxes, and vanishing access to debt and equity capital. Despite financial woes…
Accounting | Cannabis | Tax
Tax Challenges Facing Marijuana Related Businesses (MRBs)
Key Accounting and 280E Implications for Medical Marijuana Businesses This is a summary of key areas to evaluate for marijuana related businesses and their finance…
Accounting | Cannabis | Tax
Things to Know About Tax Audits—Including Cautions for Cannabis Businesses
This year, the IRS will audit hundreds of thousands of tax returns. One in 100 businesses will be audited. The easiest way to survive a…
IRS increases marijuana business audits after COVID-19 lull
According to MJBizDaily.com, the IRS put much of its routine work on the back burner, including audits, enforcement and collections during the coronavirus pandemic. However,…
Smith Patrick Voted Best Accounting Service by Readers of Greenway Magazine
Smith Patrick CPAs has been voted “Best Accounting Firm in Missouri” by Greenway Magazine in its Reader’s Choice Best of the Industry Awards. Smith Patrick…
Accounting | Cannabis | News | Tax
For Legalized Marijuana, Banking Woes Persist: Smith Weighs in on St. Louis Public Radio
If you’re doing business with a medical marijuana company, your bank may charge you high fees or refuse to do business. David Smith, owner and…
Are You Struggling to Handle an All-Cash Cannabis Business? Then Read This.
Easy to Implement Tips to Set Up a Cashless ATM for Your Cannabis Business In the growing cannabis market, cash is key. Like it or…