Many small and start-up cannabis companies do not operate with an internal accounting staff. For years, this has been feasible under ambiguous regulations, rapid industry growth and huge influx of cash. In today’s cannabis landscape, where every transaction is highly scrutinized and securing capital is harder than ever, the financial direction these companies receive is critical to their success.
Zachary Gordon of Grassi’s Cannabis Practice will present on value of an outsourced CFO function in the cannabis industry, as well as the capital, banking and tax issues to consider when entering or growing in this unique sector.
The value of outsourced and fractional CFO services
Understanding the financial and operational nuances of the cannabis industry
Getting financials in order to successfully attract investors and lenders
Benchmarking strategies to measure financial performance
Projecting and managing cash flow in a cash-dependent environment
Understanding the tax implications of operating in the cannabis industry, including Section 280E limitations and effective tax rate vs. net effect of tax