Our recent discussion on the Risk & Accounting Advisory podcast focused on five key issues impacting cannabis companies and how to address these unique industry obstacles. Our advisory professionals cover the main issues and root causes, and how we have helped address these challenging industry barriers. With this highly regulated, yet growing industry, we turn to Kirstie Liberatore, Director in the firm’s Accounting Advisory practice, and Corey York, Manager in the Accounting Transformation Advisory practice. For more information on cannabis accounting, tax, or business matters, visit: cbh.com/cannabis
In this episode of our Podcast, our advisory team discussed:
- Qualifying for FPI and Lack of Access to Capital
- PCAOB Compliant Financial Statements Drive SOX Compliance
- Inventory Challenges for Cannabis Companies
- M&A Activities Adding Complexity for Cannabis businesses
- State by State Specific Rules
- Difficulty Retaining Specialized Knowledge & The Talent Shortage within the Industry
- Complexities with Financing & Leasing (Unusual Accounting Scenarios) and Accounting Treatment for Sales Leaseback Transactions
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