Maria + Jane: Women in Cannabis Business Podcast

Naomi Granger, Co-Founder of DOPE CFO, is featured in a recent episode of The Maria + Jane: Women in Cannabis Business podcast to share about the knowledge and practices needed to thrive as an accountant in the cannabis world.

Maria & Jane is dedicated to inspiring and informing women in (or interested in) the cannabis business landscape. Their weekly newsletter and podcast, provides news stories, deep insights, and interviews. Listeners hear perspectives from founders, growers, advocates and more to help them navigate the fast-paced world of cannabis business.

 In the episode, Naomi shares her passion about the rapidly growing cannabis industry and work with CEOs to help them maximize their cash flow, minimize their tax burden and never worry when the auditors come around. She also provides insight to:

  • Avoid falling victim to common financial woes plaguing cannabis business owners today.
  • Understand compliance concerns, banking issues and federal tax limitations for...
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Cannabis Sales Booming In A State That 'Knows How To Regulate Vice'

accounting forbes nevada press Sep 17, 2018

Nevada experienced a tax windfall last fiscal year, exceeding reported expectations by $265 million in state tax revenue for recreational marijuana sales. And with these sales come an increased look at Nevada and how they are regulating this new industry. In the Forbes article "Cannabis Sales Booming In A State That 'Knows How To Regulate Vice'" they ask Dope CFOs Naomi Granger to weigh in:

“Accurate accounting helps cannabis companies minimize their tax burden and reduce the risk of incurring heavy fees and penalties. Mistakes can result in companies losing their licenses and being forced to shut down, so stakes are high,” said Granger.

Our training opportunities and online community are here to teach you and partner with you in navigating the issues brought forward in Forbes article. Contact us to learn more.

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A Bookkeepers Guide to Cannabis Accounting

Cannabis companies are highly regulated highly complex organizations. These businesses need not only a higher level accountant and a tax professional, but they also need a bookkeeper to manage all of the day-to-day financial transactions that come with operating a cash-based business.

This webinar is not just for bookkeepers, as it is important for anyone that is on the financial team for a cannabis company to understand the roles and to be clear on everyone’s responsibilities. It is essential that Cannabis businesses have a team of financial experts including bookkeepers, tax preparers, and high-level accountants all working together to ensure all of their financial transactions are captured, recorded and reported properly. Otherwise, cannabis companies can be subject to fines and penalties, which include inaccurate record keeping. (see: Altermeds Case)

In this informative webinar, we provide a high-level overview of some of the most important tasks that a bookkeeper...

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How to Hire and Train an Accountant for your Cannabis Company | Marijuana Business Magazine

accounting business press Sep 01, 2018

Finding a financial expert with the experience and expertise of the Cannabis Industry is one of the most important decisions you will make for your business.  Marijuana Business Magazine, asks Dope CFO's Naomi Granger, with over 12 years in the accounting field, her advice for finding the right financial expert.

“Cost accounting is the biggest piece. You’ll be paying a lot in taxes if that’s not done right.” Dope CFO's Naomi Granger

If you want to learn what it takes to be an expert in cannabis accounting, feel free to reach out! We’re happy to help.

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Everything You Wanted to Know About Cannabis Accounting but were Afraid to Ask

Because Cannabis production involves four verticals: farming, chemical manufacturing, food production, and retails the accounting for business owners can become very complex without an experienced accountant knowledgeable in this unique industry - who is not only up to date on the day-to-day bookkeeping needs but also keeps up with the local, state and federal financial regulations which can often appear to contradict or at least confound each other.

The most recent issue of CPAFocus published by Oklahoma Society of CPAs, featured Dope CFO’s Andrew Hunzicker and asked him some of the most common questions asked by accountants entering the Cannabis Industry.

If you want to learn what it takes to be an expert in cannabis accounting, feel free to reach out! We’re happy to help.

Read More HERE

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Know a Good Accountant? Cannabis Companies Are Looking | Green Entrepreneur

As the cannabis space matures, it's becoming increasingly populated with service providers from a diverse range of ancillary industries. Among them, accountants and bookkeepers have become some of the most sought-after specialists in the field. Running a cannabis business are entirely distinct from any other sector, and most cannabis CEOs lack the skill set to circumvent the countless risks involved. For this reason, a majority of cannabis companies require guidance from experienced and knowledgeable professionals to implement standard operating procedures and bring their books up to par.

For the most part, larger accounting firms are avoiding the space altogether -- ultimately leading to a growing demand for those willing to become involved with cannabis businesses. With a striking gap in the space for qualified professionals equipped to support business owners in maneuvering the risky regulatory landscape, accountants and bookkeepers are finding major opportunities to open up shop...

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