A cannabis business has vastly different accounting needs than other businesses.
Put another way -- your regular CPA lacks the knowledge, experience, and structure to keep books for your cannabis business.
What We Offer
There are extraordinary opportunities for growth in the cannabis industry. However, these businesses face unique and complex challenges in complying with the ever-changing state and federal regulations. The cannabis industry is highly regulated, which means that it is essential to the success of your business essential to work with accounting and tax specialists that are experienced in the cannabis industry.
Morton Street Group provides guidance to startups, established, and mid-sized cannabis businesses. Our services are equally applicable for cannabis growers, dispensaries, and retailers. Our exceptional team of cannabis accountants customizes accounting services and compliance programs for your specific business needs. Morton Street Group believes in your business, and we are committed to providing accurate, confidential, and full-service accounting solutions for the cannabis industry.
Morton Street Group's CPAs offer comprehensive accounting and tax services that are designed specifically for your cannabis business. Our cannabis accounting services include, but are not limited to:
Preparation of monthly financials
Accounting software set-up to properly identify Cost of Goods Sold and Generally Accepted Accounting Principles
Customized documentation preparation
Requirements for record-keeping and correct allocation processes per 280E
Cannabis Tax Preparation and Planning
Morton Street Group's cannabis accountants are always up-to-date with current cannabis taxation laws. We prepare federal, state, and local income tax returns for your business and help you optimize deductions and allocate costs.
Expert guidance to reduce tax exposure
Best practices to maximize deductions and lower your taxes