Answer: Section 280E of the Internal Revenue Code denies deductions and credits for a business trafficking in a controlled substance. Cost of goods sold is not a deduction, it is a reduction of gross receipts, so it survives. In practice that means classification is everything. A cultivation worker’s wages can be inventoriable. A budtender’s wages usually are not. Two operators with identical profit can owe very different tax depending on how carefully their books made that distinction all year. Tax accounting for cannabis business owners starts in the chart of accounts, not in April.

Answer: We set a costing method, apply it consistently and document it. For cultivation that means absorbing direct labor, nutrients, growing media, utilities and an allocated share of facility cost into the plants and then into finished product. For manufacturing it means absorbing extraction labor, inputs, packaging and production overhead into each batch. For retail it is product cost plus the costs of acquiring and holding inventory. Cannabis cost accounting only works if the allocation happens during the month, which is why we build it into the close rather than the return. Cannabis inventory accounting follows the same logic: the number has to be created by the process, not reverse engineered from it.

Answer: Yes, and with distributors, delivery operators, testing labs, brands and multistate operators. We act as the cannabis accountant for dispensaries, for cultivators, for processors, for manufacturers, for distributors, for delivery companies, for brands and for MSOs. Where the engagement is mostly tax, the same list applies: we are the cannabis tax accountant for dispensaries, for cultivators, for processors, for manufacturers, for distributors, for delivery companies, for brands and for MSOs. The close calendar and the reporting pack change by license type, but the spine does not. Cannabis accounting for dispensaries is the busiest part of the practice, along with dispensary bookkeeping and the dispensary CPA relationship that usually sits beside it, and a dispensary accountant who has never reconciled to a state tracking system will miss the things that matter.

Answer: We do not open accounts for you, and nobody honest will promise that. What we do is prepare the documentation that decides whether you keep one. Operators ask us how to get a cannabis bank account, and the practical answer is that bank accounts for cannabis businesses sit at credit unions and community banks running enhanced monitoring programs. Those programs ask for deposit detail, source of funds support and license records on a set schedule. Most closures we see follow missing paperwork rather than anything the business actually did. Cannabis business bank accounts, cannabis merchant accounts and debit routing providers each carry fee structures that need reconciling every month, and a bank account for your cannabis business is only ever as safe as the file sitting behind it.

Answer: If you are a brand or a distributor selling into dispensaries on terms, some of that money does not come back on its own. Dispensary credit recovery is the work of aging those invoices properly, setting credit limits by account, matching payments to specific invoices rather than to a running balance, and escalating on a defined schedule. We build the receivables side so you can see which accounts are slipping while there is still something to collect, and we work alongside dispensary credit recovery consultants when an account has moved past what an accounting team should handle.

Answer: We work with licensed operators in every legal state, and the whole engagement is remote. People search for cannabis accounting near me, cannabis accounting services near me and cannabis accountants near me out of habit, but the work happens inside your software rather than at your desk. What matters is whether the team knows your state’s rules. We handle cannabis accounting in New York, in Philadelphia, in Baltimore, in Washington DC, in Fredericksburg, in Richmond and in Atlanta, plus Colorado cannabis accounting, Michigan cannabis accounting and the rest of the legal market.

Answer: Yes. California is the largest part of our cannabis practice, and accounting for the California cannabis industry brings its own problems: excise mechanics that have changed more than once, district taxes that differ by city, and California cannabis accounting reporting requirements that catch operators who move across county lines. Our California cannabis accountants cover CDTFA filing and local tax, and where an attest opinion is required we work alongside a cannabis CPA California licensed to sign it. We provide cannabis accounting services California operators actually need, remotely, from Los Angeles and San Diego to the Bay Area, Sacramento, Orange County, Sonoma, Santa Rosa and Chico.

Answer: QuickBooks Online, Xero and Sage Intacct, depending on how many licenses and entities you carry. There is no cannabis accounting software that does the whole job on its own, so the setup matters more than the brand: a cannabis chart of accounts that separates inventoriable cost from disallowed cost, class or tracking category by license, and an inventory module that can hold a costing method. We build that during onboarding and hand you the documentation for it.

Answer: Every month, as part of the close. Seed to sale systems hold the legal record of what you have, and the ledger holds the financial record of what it cost. When the two disagree, we chase the difference to a transfer, a manifest, a waste entry or a count error rather than plugging it. A variance you can explain is a housekeeping item. The same variance discovered during an inspection is something else entirely.

Answer: CrownGlobe is an offshore finance and accounting firm, and our cannabis accountants work alongside your CPA rather than replacing the attest relationship. If you already have a cannabis CPA, we do the daily work and hand them a clean file, which usually shortens their engagement and lowers what they bill. If you do not, we can introduce you to cannabis CPA firms we work with regularly. Cannabis accounting firms and cannabis accounting companies differ mainly in whether they can sign an opinion, so it is worth asking early. Many operators use a cannabis bookkeeper for volume and a CPA for signature, and that split works well when the file handoff is organized.

Answer: Yes, and the tax position is different, which is the part people miss. Hemp compliant with the 2018 Farm Bill is not subject to Section 280E, so accounting for a hemp business or a CBD brand looks much closer to ordinary manufacturing and retail. Deductions are available again. What stays difficult is inventory costing, testing documentation and interstate sales tax. We provide hemp accounting, CBD accounting, CBD oil accounting and CBD bookkeeping on that basis, which is the part a general CBD accounting firm tends to get wrong, and accounting for hemp business owners who also hold a cannabis license means two sets of books kept properly apart.

Answer: We do. Medical marijuana accounting carries patient registry reporting, product limits and tax treatment that often differ from the adult use market in the same state, and a medical license can sit under different ownership rules. Whether you call it medical marijuana bookkeeping, marijuana accounting, weed accounting or cannabis accounting, the close process is the same. Our marijuana accountants handle both markets, and we work with a medical marijuana CPA where a signed opinion is needed. The state reporting around it is what changes, and that is where most of the setup work goes.

Answer: Our packages start at $125 a month for a single license operator and run to $295 a month for CFO level support across multiple licenses. What moves the price is the number of entities, the number of locations, transaction volume and whether cultivation or manufacturing costing is in scope. Cannabis accountant rates quoted by the hour are common in this industry and hard to budget against, so we quote a fixed monthly fee for cannabis tax services and accounting and tell you before it changes. Cannabis business accounting should be a line you can plan around, not a surprise each quarter.

Answer: That is how a good share of our cannabis engagements start. A cannabis accounting cleanup runs as its own project before the monthly service begins: we assess how many periods are open, how much source data can still be recovered, and where the ledger and the tracking system parted company. You get a scope and a fixed price before we touch anything. Only once the history is closed and reconciled do we move you onto the ongoing package.

Answer: Yes. A fractional cannabis CFO is the usual answer for operators who need forecasting, capital conversations and board reporting but cannot carry that salary, particularly under 280E where the salary itself is often not deductible. Our Executive package covers cash forecasting, cost per unit analysis, entity and intercompany reporting, lender and investor packages and expansion modeling. It is outsourced cannabis accounting, cannabis financial consulting and cannabis financial advisory services run by people who already have their hands in your ledger every week.