New to Cannabis? Maybe a Joint Venture Is the Answer

Portrait of John Repetti
Repetti

“If you’re not in the business now, you’re about 10 years behind.”

By Liz Gold
CannaBizCPA.Pro

If you’re a CPA who is thinking about getting into cannabis, get moving because you have a ton of catching up to do, said John Repetti, CPA.

MORE ON CANNABIZ: Zach Gordon CPA: “The level of guidance out there is just nonexistent.” | Integrity Wins in Cannabis Accounting | iComply Helping Cannabusinesses Stay Ahead of the Curve | Laura Durham Finds Her Niche | Strimo: New Tech for Managing Cannabis Business Performance | Cristina Garza: Keeping Cannabiz Clients in Compliance | Cannabis: Top Trends to Watch in 2019 | Cannabis CPA Carves Out Investment Research Niche
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“What that would require you to do is start getting educated,” he said, adding, “Or there’s another way around it. Connect with a CPA or a CPA firm that has a long history in the cannabis industry and cut a joint venture deal. Deal with them so that you have instant knowledge. If you are going out there on your own and you think you’re going to be an expert on day one, rest assured, you’re sorely mistaken.”
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Integrity Wins in Cannabis Accounting

Katye Maxson-Landis: “I have my ethics attorney on speed dial.”

By Liz Gold
CannaBizCPA.pro

Maxson-Landis

If you’re a CPA looking to get into the cannabis space, Katye Maxson-Landis, CPA, welcomes you. And she wants you to do your research.

More at CannaBizCPA.Pro: Cannabiz Meets Intellectual Property Protection  |  Why Jax Wheatley Shifted from LBGTQ to Cannabis Clients  |  [PODCAST] The Cannabis CPA: Sean Robinson  |  iComply Helping Cannabusinesses Stay Ahead of the Curve  |  Green Bits: Helping Cannabis Retailers Stay Compliant  |  Ron Seigneur Blazes New Trails in Cannabis  |  [PODCAST] Laura Durham Finds Her Niche | [PODCAST] Matt Karnes, Greenwave Consultants |  [PODCAST] Cristina Garza, CannaComply  |  [PODCAST] Alex Glueckler, Silver Leaf CBC  |  Silver Leaf CBC: An ERP Platform for Cannabis Companies  |  Leveling the Playing Field for Cannabis Businesses  |  [PODCAST] Sean Robinson, Tebaja Consulting

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“Welcome to the most interesting accounting you’ll ever do. You can’t say that about accounting that often. This is interesting, thoughtful, investigatory accounting. Welcome to problem-solving like you’ve never seen. Get comfortable with being uncomfortable. Start building your professional network now. You need an ethics attorney. I have my ethics attorney on speed dial. I talk to that guy twice a month about clients.”

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Cannabiz Meets Intellectual Property Protection

Portrait of Carla Quisenberry
Quisenberry

The 4 main areas IP entails.

By Liz Gold
CannaBizCPA.Pro

Why is protecting your intellectual property important to cannabis business owners? Just ask Carla Quisenberry, an attorney with Miller Nash Graham and Dunn in Portland Oregon, about how she counsels her cannabis clients in protecting their IP assets, as well as helps cannabis clients with state licensing issues and related disputes.

MORE ON CANNABIZ:Why Jax Wheatley Shifted from LBGTQ to Cannabis Clients | iComply Helping Cannabusinesses Stay Ahead of the Curve | Laura Durham Finds Her Niche | Strimo: New Tech for Managing Cannabis Business Performance | Cristina Garza: Keeping Cannabiz Clients in Compliance
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“I have been an intellectual property attorney for a number of years and part of my business is really helping small businesses protect those non-tangible assets like patents and trademarks,” she said. “The cannabis industry has been growing more sophisticated as the years go on here in Oregon and as these businesses are getting more sophisticated they’re realizing the importance of these intellectual property assets.
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Why Jax Wheatley Shifted from LBGTQ to Cannabis Clients

Portrait of Jax Wheatley
Wheatley

They charge the same price for a cannabiz as for any other retailer.

By Liz Gold
CannaBizCPA.Pro

Jax Wheatley has a unique accounting firm brand. As owner of Rainbow Tax & Accounting in Milwaukee, Oregon, just south of Portland, their focus for many years had been addressing the unique and special tax needs for the queer and LBGTQ community. But when same-sex marriage became federally legal, the needs of their clients changed (many of their tax issues went away) and Wheatley started looking for a new niche to fill their practice.

MORE ON CANNABIZ: iComply Helping Cannabusinesses Stay Ahead of the Curve | Green Bits: Helping Cannabis Retailers Stay Compliant | Silver Leaf CBC: An ERP Platform for Cannabis Companies | CohnReznick Goes National on Cannabis
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During that time, cannabis was becoming legalized in Oregon and Wheatley went for it.
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[PODCAST] The Cannabis CPA: Sean Robinson

CPA targets fast-growing business sectors facing common problems.

By Liz Gold
CannaBizCPA.Pro

For Sean Robinson, CPA, MBA, and founder of Tebaja Consulting LLC, his company is helping him answer his calling.

MORE ON CANNABIZ: John Pellitteri Takes Grassi Full Steam into the Cannabis Industry | Cannabis: Top Trends to Watch in 2019 | Dean Guske on the Cannabusiness | Squar Milner Takes on Cannabis in California and Beyond

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Robinson spent a decade at Citigroup in various roles. During that time, he always had a fondness for his first role, which was managing several teams that supported and expedited the financial close process for private equity funds and venture capital investors.

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iComply Helping Cannabusinesses Stay Ahead of the Curve

Portrait of Mark Slaugh
Slaugh

When white collars and green collars come together.

By Liz Gold
CannaBizCPA.Pro

Mark Slaugh’s company, iComply, is experiencing triple growth year after year. Because as cannabis businesses get more sophisticated, their market’s regulators do as well.

MORE ON CANNABIZ: Green Bits: Helping Cannabis Retailers Stay Compliant | Ron Seigneur Blazes New Trails in Cannabis | Leveling the Playing Field for Cannabis Businesses | Cannabis: Embracing Risk as a Market Advantage | Moving Beyond 280E: Dean Guske on the Cannabusiness | Squar Milner Takes on Cannabis in California and Beyond | Marcum LLP: Moving Forward in Cannabis with Confidence | Tom Achor: At the Intersection of Cannabis Accounting and Technology | PODCAST: John Repetti and Mitzi Hollenbeck of Citrin Cooperman
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Through a mix of packages and training, iComply is helping cannabis businesses stay compliant by allowing them to choose a level of protection. This ranges from do-it-yourself compliance guidance to more comprehensive offerings.
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Green Bits: Helping Cannabis Retailers Stay Compliant

Portrait of Ben Curren
Curren

A POS that knows your local laws.

By Liz Gold
CannaBizCPA.Pro

After selling his former company, Outright, to GoDaddy in 2012, Ben Curren stayed at the company for a year and then started considering what he would do next. After listening to cannabis-related news and realizing the inventory problems that were emerging because of compliance, Curren got excited to tackle some of the issues plaguing many cannabis dispensaries.

MORE ON CANNABIZ: Ron Seigneur Blazes New Trails in Cannabis | Laura Durham Finds Her Niche | Strimo: New Tech for Managing Cannabis Business Performance | Cristina Garza: Keeping Cannabiz Clients in Compliance | Cannabis: Top Trends to Watch in 2019 | Cannabis CPA Carves Out Investment Research Niche | ‘Genius Accountant’ Helps Cannabiz Clients Manage Effectively
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As a result, he jumped into the cannabis industry, leveraging his skills and background as an engineer at QuickBooks to create a new technology to help legal cannabis retailers stay compliant.
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[The Cannabis CPA] Laura Durham Finds Her Niche

Required of clients: a legal bank account or detailed cash logs.

With Liz Gold
cannabizcpa.pro

A proponent of marijuana since college, Laura Durham, CPA, went into private industry after a stint at Arthur Andersen. She worked at a beef company, a software company and later at a manufacturing company.

MORE ON CANNABIZ: The Fire Starter: Groundbreaking Cannabis CPA Luigi Zamarra | Commercial Medical Marijuana Use Comes to Michigan | CPA John Dillinger on California’s Prop 64 | CPA Andrew Hunzicker Creates Course in Cannabiz Accounting | Cannabiz CPA: Dani Espinda Chooses Option Number Three | The Two Crippling Compliance Issues for Cannabis Industry
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It was during this time the course of her life changed.

Recently divorced, with primary custody of two children, she found herself overwhelmed by the demands of full-time corporate life. So, when a consultant colleague asked her if she’d consider going out on her own to help cannabusinesses in need, Durham gave it some thought and decided to go for it, launching Kind Accounting out of her home in Loveland, Colorado.

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