The MedMen disaster still baffles financial experts. Despite having no proven track record, the company's founders convinced sophisticated investors to pour hundreds of millions into what would become one of the Cannabis industry's most spectacular implosions. Sexual harassment claims, allegations of fraud, questionable accounting practices, and ultimately a $411 million bankruptcy filing—the warning signs were flashing in neon, yet the checks kept flowing.

The allure is understandable. Cannabi...

Finding a lucrative niche is key to building a sustainable practice. The traditional model of being a generalist accountant serving dozens of clients across multiple industries is increasingly challenging and often leaves professionals overworked and underpaid. With federal rescheduling on the horizon and the cannabis industry projected to surpass $100 billion in the coming years, Cannabis accounting offers unprecedented opportunities for accountants ready to specialize and transform their caree...

The Cannabis industry stands at a pivotal crossroads in 2025. With federal rescheduling proceedings facing unexpected delays and a new administration settling into office, Cannabis businesses and their accountants face significant uncertainty about the regulatory landscape ahead. Understanding these complex policy developments is essential for Cannabis businesses to navigate compliance requirements and prepare for potential changes that could dramatically impact their operations and tax obligati...

As Cannabis businesses rush to prepare for potential rescheduling, a harsh reality is emerging: most aren't ready for the scrutiny that's coming. While the industry celebrates this historic shift, many Cannabis operators are sitting on a powder keg of messy books, questionable 280E positions, and incomplete documentation that could explode under increased regulatory attention.

After a decade of helping Cannabis businesses navigate these waters, I can tell you this with certainty: the difference...

The Cannabis industry stands at a critical juncture following the 2024 presidential election. With Donald Trump returning to the White House and significant shifts in Congressional makeup, Cannabis businesses and the accounting professionals who serve them must navigate new political realities that will shape regulatory frameworks in the coming year. DOPE CFO's recent webinar provided valuable insights into what these election results mean for the Cannabis sector and how financial professionals ...

The Cannabis industry is undergoing transformative changes, with rescheduling imminent and valuations expected to surge. This comprehensive overview from the 2024 AICPA Cannabis Conference highlights crucial developments affecting businesses, investors, and service providers in the space. Watch the video for an in-depth overview of AICPA's 2024 Cannabis Conference.

We cover:

• Industry support and leadership
• The cannabis legalization landscape
• Rescheduling Updates
• Financial and Tax Implicat...

As the green rush continues, a sobering reality is setting in: for every Cannabis company that blooms, another wilts. The problem? Despite the industry's explosive growth, many businesses are operating on shaky financial ground. They're navigating this complex landscape without a map, relying on gut instinct rather than solid financial planning. It's a recipe for disaster, and we're seeing the consequences play out in real time with shuttered storefronts and failed ventures.

But here's the t...

As a CPA who's been knee-deep in Cannabis accounting for years, I've had a front-row seat to the industry's explosive growth. It's been a wild ride, watching this sector bloom into a multi-billion dollar market. But here's the kicker – we're just getting started. The potential for profit in this green rush is enormous, but so are the challenges.

In this guide, I'm going to share the insider knowledge I've gained from working with countless Cannabis dispensaries. We'll explore how accountants ca...

The Cannabis industry is on the cusp of a monumental shift that's about to rock the accounting and tax world. As a CPA with nearly a decade of experience in this niche, I've watched this industry explode from the ground up. We've gone from zero to a $33 billion legal market in 2023, with support for legalization at an all-time high. But hold onto your calculators, folks – what's coming next is going to make the past few years look like a warm-up lap.

In April 2024, the DEA dropped a bombshell: ...

Over the past decade since Colorado first legalized recreational Cannabis in 2012, the Cannabis industry has grown massively despite conflicting state and federal laws. The legal market hit $33 billion in 2023, while polls show 70% of Americans now support full federal legalization.

While various sectors of the US economy have been turbulent over the last couple of years, the industry still experienced some growth in 2022-2023. Industry analysts and advocates remain optimistic about the potenti...