Liz Gold, Author at CPA Trendlines

[The Cannabis CPA] Matt Karnes, Greenwave Consultants

Listen to Karnes discuss the tsunami of institutional investors flooding the market.

By 2022, Matthew Karnes, CPA, said he expects every state in the country will have implemented either a medical-only or a fully legal cannabis market to reach $35 billion in retail sales.

More at CannaBizCPA.Pro: Leveraging R&D Credits and Depreciation for Cannabis Clients | Cannabis Lights Up Midterm Ballots | 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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Karnes, who is founder of GreenWave Advisors, talks about his projections for the industry’s growth.

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CANNABIS

[The Cannabis CPA] Cristina Garza, CannaComply

New accounting tech is at the heart of her practice.

By Liz Gold
CannaBizCPA.Pro

When Cristina Garza launched her cannabis accounting and payroll company, CannaComply, back in 2014, she wanted to make sure she understood the nuances and complexities of the industry.

MORE ON CANNABIZ: Minorities, Women & Cannabis | John Pellitteri Takes Grassi Full Steam into the Cannabis Industry | Moving Beyond 280E: Dean Guske on the Cannabusiness | 5 Challenges for Cannabusinesses | Dope CFO Levels Up Its Offerings
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A new transplant to Denver, Garza was already running Accountingprose, an accounting company providing bookkeeping, payroll and advisory to small businesses. If you haven’t seen her website you should – she dubs her team “small business superheroes” and calls herself “Chief Number Cruncher” in her email signature.

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CANNABIS

[The Cannabis CPA] Alex Glueckler, Silver Leaf CBC

Building an ERP system for cannabis companies.

By Liz Gold
CannaBizCPA.Pro

Alex Glueckler began his career as an accountant at CliftonLarsonAllen. After years in financial leadership positions with large cannabis companies, today he works with Silver Leaf CBC (Cannabis Business Central), an ERP software solution he helped bring to market for the cannabis industry.

MORE ON CANNABIZ: Strimo: New Tech for Managing Cannabis Business Performance | CohnReznick Goes National on Cannabis | Minorities, Women & Cannabis | CPA Takes His Cannabis Practice on the Road | Leveraging R&D Credits and Depreciation for Cannabis Clients | 5 Challenges for Cannabusinesses
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The platform came about when Silverware’s leadership group, Sara Silver and David Thikoll, approached Glueckler about creating a standardized yet adaptable system that could address the specific needs of cannabis companies as they evolve and grow.

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CANNABIS

Silver Leaf CBC: An ERP Platform for Cannabis Companies

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The system offers 6 modules on a Microsoft backbone.

By Liz Gold
CannaBizCPA.Pro

MORE ON CANNABIZ: Strimo: New Tech for Managing Cannabis Business Performance | CohnReznick Goes National on Cannabis | Minorities, Women & Cannabis | CPA Takes His Cannabis Practice on the Road | Leveraging R&D Credits and Depreciation for Cannabis Clients | 5 Challenges for Cannabusinesses
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CANNABIS

Leveling the Playing Field for Cannabis Businesses

Green Bean CFO tackles the common problem of IRS Form 8300.

By Liz Gold
CannaBizCPA.Pro

“A savvy CEO owner knows that a world-class cannabis finance and accounting team is a necessity and a competitive advantage,” writes Brian Whalen, CPA in the opening to his book, “Cannabis Entrepreneurs’ Guide to Accounting, Taxation & Financial Compliance.”

MORE ON CANNABIZ: Strimo: New Tech for Managing Cannabis Business Performance | CohnReznick Goes National on Cannabis | Minorities, Women & Cannabis | CPA Takes His Cannabis Practice on the Road | Leveraging R&D Credits and Depreciation for Cannabis Clients
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“There is only one right way to do cannabis accounting,” he writes. “Doing accrual/cost accounting in accordance with Generally Accepted Accounting Principles (GAAP) ensures that you pay as little tax as possible, are always state compliant and IRS audit-ready, and have financial statements ready for securing investors and lenders. In addition, performance metrics can be harnessed from your financials and used to set goals for operations and management.”
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CANNABIS

[The Cannabis CPA] Sean Robinson, Tebaja Consulting

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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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CANNABIS

Strimo: New Tech for Managing Cannabis Business Performance

Could this be the new standard?

By Liz Gold
CannaBizCPA.Pro

If you’re in the cannabis industry and you’re working with cannabis clients, you’ve likely had your fair share of experiences with point-of-sales systems. Like all technology, some platforms work better than others and the key is to find the right system for your company’s particular needs. Often it’s a compromise or giving up a function for a feature that is more important.

MORE ON CANNABIZ: CohnReznick Goes National on Cannabis | Cannabis: Embracing Risk as a Market Advantage | John Pellitteri Takes Grassi Full Steam into the Cannabis Industry | Moving Beyond 280E: Dean Guske on the Cannabusiness
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Enter Strimo.
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CANNABIS

CohnReznick Goes National on Cannabis

Tax maven Michael Harlow leverages firm’s real-estate prowess to build a new national niche.

By Liz Gold
CannaBizCPA.Pro

As the tax lead for CohnReznick’s cannabis practice, Michael Harlow, says the biggest barrier to entry for cannabis businesses on the East Coast is finding the right real estate for their endeavor.

MORE ON CANNABIZ: Cannabis: Embracing Risk as a Market Advantage | 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 | Bruce Jolliff: Jumping into Cannabis Head First | Mark Guiley Oversees New Cannabis Niche | Jessica Velazquez on Cannabis Accounting and Activism | PODCAST: Jim Marty and Cory Parnell Go National | 5 Biggest Mistakes Cannabis CEOS Make
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“The biggest barrier to entry for East Coast cannabis businesses is finding the appropriate real estate for their endeavor,” says Harlow, CPA and national tax leader for CohnReznick’s cannabis practice. READ MORE →

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