CANNABIS ACCOUNTING, 280E STRATEGY & CFO SERVICES
The cannabis industry is rapidly growing and thriving, but cannabis business owners are still facing massive challenges.
Cannabis companies must carefully manage their financial practices to keep up with the ever-increasing competitive landscape and complex regulations.
Northstar’s team of cannabis accountants and CFOs are passionate about the cannabis space, and have developed the expertise to navigate the challenges of this intricate industry.
We offer a full suite of cannabis accounting and financial services that address and solve the challenges of running a successful cannabis business.
Take a look at some of the key areas we specialize in below, then book a complimentary consultation to get started.
High Audit Risk
1/5 cannabusinesses are audited & can face fatal losses.
100% success rate with penalty free IRS & state audits.
Massive Regulatory Hurdles
280E, no banking options & no bankruptcy protection.
4-6% of revenues saved in 280E tax strategies.
Avoidable Operational Inefficiencies
Lack of data analytics, industry KPI’s & technology solutions.
20-25% greater operational efficiency.
Difficult Investment Climate
Limited funding sources, high competition & limited exit options.
$100m+ raised using our financial valuation models.
Perpetual Negative Cash-flow
High non-deductible expenses & poor budgeting process.
5-10% in cost savings from cashflow optimization.
Lack of Core Cannabis Competencies
Highly complex regulations, but very few cannabis specialists.
80+ combined years of cannabis experience.