Cannabis Accounting

With in-depth knowledge of tax codes IRC 280e & 471, as well as ever-changing tax and capital laws, we partner with you to ensure your cannabis business is in tax compliance and set up for optimal success.

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.

STAY COMPLIANT AND Profitable WITH NORTHSTAR

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.

Audit & 280e Tax-Ready Financials

THE CHALLENGE:

With the labyrinth of regulatory complexities, it’s reported that 1 of 5 cannabis companies are audited.

Our solution:

We ensure you’re always compliant, audit-ready and know exactly where your business stands.

Fundraising Support

THE CHALLENGE:

Canna-businesses often struggle with finding investors and getting support to grow long-term.

Our solution:

Create pitch decks and financial models that will engage investors, and set up a due-diligence perpetual data room to ensure investment readiness and the highest valuation.

Bookkeeping & Internal Accounting

THE CHALLENGE:

Cannabis accountants and bookkeepers with 280e expertise is rare and can be price-prohibitive.

Our solution:

We provide ongoing services including high-level bookkeeping, preparing GAAP financials, required cost accounting and month-end reconciliations for a fraction of the cost of an in-house team.

Financial Reporting & KPI Dashboards

THE CHALLENGE:

Key performance indicators are a crucial piece of a business and are often overseen or incorrect.

Our solution:

We partner with you to streamline business efficiencies and validate investor confidence with detailed value reporting that’s necessary for growth.

Financial Controls & Cash Optimization

THE CHALLENGE:

Often, canna-businesses don’t have a dedicated CFO or Controller, which poses significant infrastructure and operational issues.

Our solution:

You receive a dedicated team to create a solid financial foundation you can rely on. With cash management an ongoing concern, our CFO and Controller services will help oversee and organize this crucial area.

Start-Up Services & Historical Cleanup

THE CHALLENGE:

Many companies aren’t organized properly from the start, and often don’t know how to begin implementing reliable processes.

Our solution:

Provide a professional onboarding system and review and cleanup historical financials. We’ll utilize our unique, proprietary Chart of Accounts (COA) to ensure you’re minimizing the effect of 280E, and allocate costs with the highest degree of accuracy.

Confidently grow your Canna-business

Here are just some of the benefits you can expect with Northstar.

Get The Big Picture

You’ll always know where your business stands, with current insights and reports you can rely on.

Increased Cash-Flow

By working with you to tighten up your operations, you’re guaranteed to have more cash to work with.

Operational Efficiency

Reach your business goals faster with alignment across the organization and an established direction.

Support 24 / 7

Questions, comments concerns? We’re available to take your call day or night so you never have to worry.

Peace of Mind

Feel confident in knowing you can count on us every step of the way. Get time back to focus on the work you need to do.

No Commitments

You’re never locked into a long-term contract. We’ll work with you on your terms.

Book Your free consultation!

Schedule your call today to talk with one of our cannabis financial specialists.