Our guests today are Rachel Gillette and Jennifer Benda. They are partners at Holland & Hart LLP and work in the group’s Cannabis Division. Holland & Hart LLP is a national law firm who serve a wide range of industries. Our guests today are both partners in the Holland & Hart’s Cannabis Division. The emerging cannabis legal sector faces novel legal…

New entrepreneurs have a lot to look forward to that they often don’t realize until they are knee deep in their new venture and find that there are certain skills and competencies that may be lacking that can hurt their progress. Everything about how you approach your work has to shift, yet some people carry their employee mindset and practices int…

On today's episode, we are excited to welcome Lauren Baptiste, the founder and CEO of Acheloa Wellness. Lauren Baptiste is a corporate burnout turned coach and CEO. She serves ambitious women professionals as their go-to Burnout Expert. Before launching Acheloa Wellness, Lauren spent 13 years as a top performer at a Big Four Accounting Firm. She wa…

In this episode of the DOPE CFO Cannabis Accounting Podcast, Andrew Hunzicker, CPA dives deep into the debate of value pricing versus hourly billing for Cannabis accounting services. Andrew argues that in today's competitive landscape, accountants must move beyond basic bookkeeping, payroll, and tax prep services to provide real value to clients. A…

Massive changes are coming that could rock the Cannabis industry to its core. With Cannabis potentially being rescheduled in 2024, huge shifts are on the horizon that will transform the landscape: ● Company valuations poised to rise 5-10 times ● Increased access to banking, commercial lending, and bankruptcy protection ● Potential overhaul of inter…

As 2023 drew to a close, monumental shifts across the Cannabis landscape set the stage for an epic 2024. Tune in as we provide an exclusive year in review for 2023, analyzing the developments in policy, business, and finance that will shape the future of the industry in 2024 and beyond. We’ll discuss insights on: New states that legalized and their…

On today's episode, we are excited to welcome Dr. David Cunic, the CEO of UCS Advisors. David is a physical therapist turned Investor Relations and Networking Expert, particularly specializing in the Cannabis Industry and Healthcare Sector. With over 18 years in the medical field and an impressive entrepreneurial track record of starting over 10 co…

With cannabis sales in a historic slump, companies are struggling with dwindling cash flows and tough decisions. In this episode, founder and CEO of DOPE CFO Andrew Hunzicker, CPA outlines smart strategic moves for staying afloat. He'll cover: How to determine your cash runway and optimal sources of capital in a restricted funding environment. What…

In our latest episode of the DOPE CFO podcast, Andrew Hunzicker, CPA, Founder and CEO of DOPE CFO, talks with Erica Sloan, They spotlight her transformative journey as she’s successfully leveraged the DOPE CFO Certified Advisor Program and its VIP method to become a leading figure in Cannabis accounting and quickly built a 6-figure practice.. They …

Cannabis and hemp/CBD are both nearing $1 billion markets in several states. In a few short years, both Cannabis and hemp/CBD could overtake the $250 billion alcohol market, skyrocketing to possibly $1 trillion by 2027 (estimate from Merida Capital). Interested investors are watching these markets. Preparing startups now to raise capital could help…

There’s hidden profit in Cannabis cultivation, and you can find it if you’re a trained accounting professional that understands the science. In our latest podcast episode, Andrew Hunzicker, CPA and special guest Wally Daniel unpack the intricate world of commercial Cannabis cultivation. With decades of combined horticulture, lean manufacturing, and…

Are you navigating the complexities of Cannabis inventory accounting? Properly handling your clients' inventory is critical in this rapidly growing industry — one error can mean the difference between adding value or harming a business’ bottom line. Tune into our next episode where we'll cover all the critical processes and best practices accountan…

Got questions on valuation in the Cannabis industry? Get answers in our latest podcast! We cover everything from explaining what valuation is to delving into different valuation methods and the factors that affect valuation. We even discuss how to ask your clients the right questions to ensure you take a suitable approach to helping them meet their…

The Cannabis industry is ablaze with myths that could leave business owners burned, especially when it comes to the tricky world of accounting and bookkeeping. As an accounting pro, are you ready to fan the flames of truth and help your clients soar without getting singed? Debunking common misconceptions allows you to better serve your clients, kee…

Until the SAFE Banking Act passes, the number of banks across the country that will service the Cannabis industry remains desperately low. Cannabis is currently classified as a Schedule 1 drug, and most banks won’t do business with Cannabis companies because of this. Not being able to open payroll or checking accounts (or borrow money to scale thei…

Cannabis businesses who try to get creative to circumvent 280E often find themselves in precarious positions with the IRS. Since companies in the Cannabis industry are not able to legally take tax deductions due to its classification as a Schedule 1 drug, many try to get around 280E by setting up multiple entity structures to attempt to create part…

Participating in the Cannabis industry by going to conferences and expos is a great way to meet the people who make the businesses in this space tick, as well as get information on where the industry might be headed in the future. Attempting to break the mold set by other Cannabis conventions, MJ Unpacked is a distinctive event for nationwide licen…

If you are frustrated in your current career position, are sick of working long hours for little pay, or have been considering launching your own remote accounting firm and are wondering what niche to serve, now is the time to dive in! Cannabis has been predicted to produce over $30 Billion in revenue in 2023, and is the fastest growing industry in…

Want legal and compliant tax reductions? Listen to podcast episode 124 as the nation’s leader in Cannabis accounting, Andrew Hunzicker, CPA, founder of DOPE CFO, explains exactly what must be in place to properly reduce tax liability. Takeaways from landmark cases Harborside and Champs are discussed, as well as the following: ✔️ Entity structures -…

If you’re done with jumping through seemingly endless regulatory hoops and compliance standards and want policies that make sense for Cannabis businesses, participating in groups that shape policy is how you become part of the solution. Be part of the change by helping to create policies that work for today’s Cannabis industry businesses! In our la…

We’re talking with veteran founder/entrepreneur Chad Price of Life Grows Green on transforming the negative stigmas associated with Cannabis and serving the wellness space, what the licensed Cannabis industry can learn from the sports industry, how accountants can better serve Cannabis/CBD founders, and more! --- Send in a voice message: https://po…

Ever hear the saying, “You don’t know what you don’t know”? When performing bookkeeping for Cannabis clients, what you don’t know can have dire consequences. Even performing seemingly mundane tasks the same way you would for non-Cannabis clients can be a move in the wrong direction. Cannabis bookkeeping is unique. Properly doing it requires knowled…

In this episode of The Cannabis Accounting Podcast we’re talking with Alyssa Smailes, Executive Director of The Utah Cannabis Association. We’ll discuss how UCA is building consensus with medical practitioners and serving as the voice of the Utah Cannabis industry, learn more about on-the-ground regulation and legalization, discuss medical vs. recr…

Accountants who are in over their heads when it comes to Cannabis dispensary accounting can cost the business dearly simply because they don’t know how to do the work properly. Dispensary CEOs and operators who rely on inexperienced accountants or accounting teams are unknowingly putting themselves at risk of hefty fines or even being shut down for…

Lindsey Renner, owner of Native Humboldt Farms, is the first enrolled tribal member to gain licensure in California in 2018. In this podcast episode we discuss Lindsey’s journey into Cannabis (including the devastating loss that preempted changes in the direction of the company), talk compliance complexities, craft Cannabis, the work she’s doing in…

Cannabis investors, CEOs, CFOs, accounting professionals, and entrepreneurs need to understand their options when it comes to choosing their entity structure, and yes—certain key concerns are unique to the niche. In this 24 minute podcast episode, DOPE CFO founder, Andrew Hunzicker, CPA, goes over applicable tax codes and common entity and funding …

Banking in the Cannabis industry is a biggie! We get into it with banking expert and DOPE CFO Certified Advisor—Cassidy McFarland, CPA. From his take on the recent bank collapses to risk mitigation, dealing with audits, and what most bankers want to see in startups’ pitch decks and financial models, listen in as we cover the solutions you can apply…

Top-tier Cannabis accountants want to provide their clients with maximum value and get paid fairly for the hard work and expertise they provide. In this 10-minute podcast episode, DOPE CFO founder, Andrew Hunzicker, CPA, goes over key considerations you need to make to adequately price your accounting services, including whether or not to take equi…

Despite the fact that state-mandated seed-to-sale tracking software is notoriously buggy and local rules and regulations add an enormous amount of complexity to licensed Cannabis cultivation farms and grow rooms, cultivators are still required to follow the rules, accurately report everything on-time, pay their taxes, and more. Whether you’re a cul…

Take the time, spend the energy to learn things well and your clients will appreciate the expertise you provide. Depreciation in Cannabis? Few accountants in the Cannabis niche know how to utilize it correctly. 280E says it’s illegal to take deductions, including depreciation. We can, however, depreciate inventoriable goods, which can then be rolle…

Never position yourself as a yes person or bean counter, but as a potential partner in the success of the Cannabis businesses you work with. Asking the right questions is one easy and effective way to demonstrate your knowledge of Cannabis accounting. So what questions should you ask? In episode 113, DOPE CFO founder, Andrew Hunzicker, CPA, tells y…

If your client or company delivers products to and from farms, dispensaries, and/or end users, you need to listen to this episode. Anyone touching or taking possession of the plant is likely subject to 280E… but there are complexities. Learn what those are since those found in violation of 280E could face hefty fines and penalties for improper dedu…

Did you know anxiety is actually really common in the accounting industry? Forget the shame and forget just powering through it. Learning how to manage it is key for landing potential clients as well as improving your quality of life, growing confidence, and working through stressful or anxiety-triggering situations. In this special episode, DOPE C…

We’ve got specialized, “hard-to-come-by” information in today’s show. Cannabis business founders, CPAs, and accountants be prepared to take notes as industry expert Ron Seigneur, CPA ABV ASA CVA, founder of Seigneur Gustafson and inductee to The AICPA Business Valuation Hall of Fame, gives us the lowdown on Cannabis business valuations. Learn what …

Real Estate in the Cannabis Industry: What Accountants Need to Know Whether clients are starting an indoor farm, outdoor farm, dispensary, or processing facility, real estate is a very real concern for Cannabis businesses. We’ll go over what you need to know including: Is it better to rent or own? Commercial property owners’ and potential banking i…

Do you have questions on how Cannabis licensure and social equity are being handled in New York? Tune in! DOPE CFO VIP member, Allison Kirchhofer, CPA, MBA, gives the lowdown on what’s going on in the massive Empire State that’s “legalizing it” in some unique ways. Cannabis accountants, social equity applicants, and anyone looking to get involved i…

Cannabis Businesses & Cannabis Accountants—Knowing & Doing GAAP Accounting properly is how you show your value! It’s a shame so few of today’s CPAs and accountants know how GAAP applies to Cannabis accounting. Get the lowdown on what 471-11 really means, what you can and cannot put into it, accounting for the different Cannabis verticals (cultivati…

Betsy Morem & Mark Waller of Morem & Waller CPAs, PLLC. have advice on bookkeeping for today’s Cannabis businesses and staying sane in the process! Learn how to fix (and prevent) those common bookkeeping blunders, remain 280E compliant month after month, get your clients to participate in their accounting successes, and position yourself as a valua…

In just 15 minutes, DOPE CFO founder, Andrew Hunzicker CPA, makes quick work of showing how most do Cannabis business accounting 100% wrong, and explains the approach to getting Cannabis businesses set up correctly and making them audit-ready month after month. --- Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message…

Has depreciation for Cannabis businesses got you confused? Whether you’re an accountant or CPA serving Cannabis clients, or the CEO/founder of a legal Cannabis company, we've got straightforward information on depreciation and 280E and 471-11. Get informed about the applicable Internal Revenue Codes (IRCs), learn which common mistakes to avoid, and…

Cannabis Businesses & Cannabis Accountants— Knowing corporate governance, having internal controls & accounting policies is SUPER important for all companies, but especially Cannabis companies, so tune in to learn how to reduce the possibility of fraud! --- Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message…

Bridge City’s David Alport talks Cannabis licensing (transportation, cultivation, retail), licensing in various states, where things are headed (interstate, rollups), shares Cannabis startup marketing advice, and more. Unique info you need on your radar is here, so tune in! --- Send in a voice message: https://podcasters.spotify.com/pod/show/dopecf…

Just last year, CPA Rick LaNeve quickly went from zero Legal Cannabis clients to more than ten! Now, the founder of Accounting Buds and Chairman of the New York State CPA Society Cannabis Committee shares his tried-and-true advice on landing those 1st and 2nd Cannabis clients. 🌿Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo F…

With even the most anti-Cannabis states coming around to legalization, the industry's future is bright -and profitable. The Cannabis space has changed dramatically since the first states voted for legalization back in 2012. In the 100th episode, DOPE CFO founder Andrew Hunzicker, CPA and leaders of the DOPE CFO Certified Advisors Franchise David Le…

Cashless ATMs and Credit Card payment tricks by Cannabis businesses are considered fraudulent. Cannabis is a Schedule I substance, so any attempts to get creative with payment options will still be classified as money laundering by the Feds. In this episode, DOPE CFO Founder Andrew Hunzicker, CPA and special guest Rick LaNeve, CPA, founder of Accou…

Can you believe how far the Cannabis industry has come? Last year the AICPA (American Institute of Certified Public Accountants) recognized the industry with a few sessions at one of its conferences. This year the AICPA and CIMA have dedicated an ENTIRE conference to all things Cannabis accounting, and the DOPE CFO team is at the forefront with FOU…

There’s risk and then there’s calculated risk. The calculated risk we were referring to on this episode of the Cannabis Accounting Podcast is the investments that require deep research into the past, present, and future of a company before deciding to go forward. And though many veteran investors can easily tell the difference, even seasoned invest…

Making the decision to become specialized as a Cannabis accountant may be the easiest decision you’ll ever make, and the most fruitful. The industry is booming, and it’s nowhere close to finishing its climb. Investing in learning NOW means you’ll be just in time to take your career to new heights along with the industry before it skyrockets to its …

What if you could take your business further using what you ALREADY know about accounting? One of the best ways to keep your business growing is to share your knowledge by speaking at conferences and events. Events are prime locations to make valuable network connections, learn, and gain added exposure for your business, so whether you’re a Cannabi…

Setting up multiple corporate entities for the sole purpose of getting around 280E will lead to a ton of trouble with the IRS. Just ask the folks over at Harborside. The (still) ongoing Harborside case has taught us how the IRS views using multiple entities to take tax deductions for a Cannabis business, whether that entity is attached to or separa…