Cannabis

Providing specialized advisory and accounting services to the unique and emerging cannabis industry.

Overview

PKF Mueller understands the challenges faced by the cannabis industry. We assist cannabis growers, distributors, and ancillary support firms with their federal, state, and local tax compliance and provide consultative advice to help navigate the complex industry-specific requirements. From business start-up assistance to consulting services for established cannabis related firms, our experienced professionals provide strategic business solutions to help your firm grow.

Services Offered

Business Organization and Application Support

  • Entity incorporation and business plan support
  • Compliance regulation and procedural checklists
  • ERP/MRP/POS implementation and training
  • Accounting SOP’s, job descriptions, and internal control documentation
  • Forecasted financials specific to your planned operations

Assurance and Financial Reporting

  • Audits, reviews, and compilations for regulators and investors
  • Compliance reporting for banks and regulators
  • Due diligence and M&A services

Taxation

  • Entity selection
  • 280E planning and exposure analysis
  • Returns and compliance
  • Transfer pricing and cost segregation
  • IRS representation

Outsourced Accounting and Consulting

  • Outsourced bookkeeping services
  • Interim accounting staff and CFO
  • Accounting and MRP software selection, implementation, and support
  • Financial analysis, performance monitoring, and forecast analysis
  • Business process and control improvements, documentation and implementation
  • Cost accounting and inventory analysis

Learn more about how PKF Mueller developed their Cannabis Service Group.

Partnership

PKF Mueller partners with Broadleaf Software. Which brings modern software capabilities and accounting best practices tailored specifically to the cannabis space. The partnership helps operators produce standardized cost accounting and financial reporting and leverage a software platform designed specifically to capture the operational and financial data needed to improve decision making, increase revenues, and maximize profits.

Resources

 

Taylor Schuck, PKF Mueller Client Advisory Services Manager and Cannabis Niche Team Lead, and Eldon Brown, Broadleaf Software Chief Executive Officer, discuss the three ways cultivators are losing money and strategies to avoid them. They also provide real examples of how cultivators used improved processes and analytics to increase profits with their existing resources.

 

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