Statewide cannabis accounting practice
Florida Cannabis CPA & Accounting Services
We are a cannabis accounting practice serving licensed operators across Florida: bookkeeping, tax preparation, IRC Section 280E planning, inventory accounting, financial reporting and CFO advisory. Our role is to keep your books accurate, your records defensible and your numbers useful to the people running the business.
Vertically integrated license holders carry cultivation, transport and retail activity inside one organization. We set up the cost documentation and reporting that structure requires, so you stay compliant, organized and clear on where you stand.
Cost Accounting and Inventory
Batch-level costing, absorption methodology and inventory reconciliation that produce numbers you can defend and use.
Tax Planning and Compliance
Quarterly projections, reserve discipline and return preparation supported by documented workpapers.
Financial Leadership
Forecasting, capital planning and reporting for operators scaling past what spreadsheets can carry.
Practice areas
Cannabis Accounting Services
Engagements range from monthly bookkeeping through cost methodology, tax filings and fractional financial leadership.
Service
280E Tax Planning & Compliance
Cost accounting methodology, documentation and planning built around Internal Revenue Code Section 280E.
Service
Dispensary Accounting
Daily reconciliation, inventory control and margin reporting built for high-volume retail dispensing.
Service
Cultivation Accounting
Batch-level costing, absorption of production overhead and cost-per-gram visibility for grow operations.
Service
Manufacturing Accounting
Bill-of-materials costing, conversion yields and standard cost variance analysis for extraction and infusion.
Service
Tax Preparation
Federal and state return preparation supported by documented inventory and cost accounting workpapers.
Service
Fractional CFO Advisory
Senior financial leadership on a fractional basis: forecasting, capital strategy and operating KPIs.
Scope of work
What We Handle
The accounting function in a licensed operation carries three jobs at once: producing reliable management information, satisfying regulatory recordkeeping, and documenting a tax position that will be examined more closely than in most industries. We build one system that serves all three rather than three that contradict each other.
We do not promise tax savings, audit protection or guaranteed outcomes. We deliver documentation, consistency and financial clarity.
- Cannabis accounting and monthly close
- Bookkeeping, cleanup and catch-up work
- Tax preparation for operating entities
- IRC Section 280E cost methodology
- Inventory accounting and valuation
- Cost of goods sold documentation
- Financial reporting and consolidation
- Cash-flow planning and tax reserves
- Fractional CFO advisory
- Audit preparation and examination support
- Regulatory recordkeeping alignment
- Internal controls and cash handling
- Entity structuring analysis with counsel
- Payroll and labor cost allocation
- Operational and pricing advisory
Who we work with
Operators and Business Types
Industry
Dispensaries
Retail dispensing operations with high transaction volume, patient records and tight inventory tolerances.
Industry
Cultivators
Indoor, greenhouse and mixed-light production with long cycles and heavy fixed overhead.
Industry
Manufacturers
Infused product, concentrate and packaged goods production with recipe-driven costing.
Industry
Processors
Biomass conversion, extraction yield economics and intermediate product valuation.
Industry
Distribution & Logistics
Internal transport, manifest control and freight cost allocation across locations.
Industry
Delivery Operations
Home delivery fulfillment with mobile inventory custody and route-level economics.
Common challenges
Common Cannabis Accounting Challenges
Inventory That Will Not Reconcile
Tracking system quantities drift from the ledger, adjustments are recorded without cause codes, and the audit trail disappears.
Undocumented Cost Allocations
Allocations applied without written methodology or supporting time records are difficult to sustain under examination.
Tax Liabilities Larger Than Cash Profit
Disallowed deductions can produce a liability disproportionate to available cash when no reserve has been funded through the year.
Reporting That Arrives Too Late
Statements delivered ninety days after period end cannot inform pricing, staffing or purchasing decisions.
Reference material
Guides and Explainers
Guide
280E Explained
What the statute says, why COGS matters, and how to document a defensible methodology.
Guide
Cannabis Accounting Guide
Foundational accounting practice for licensed operators, from chart design to reporting cadence.
Guide
Bookkeeping Guide
The routines that keep records reliable: daily, weekly and monthly.
Guide
Seed-to-Sale Guide
Connecting compliance tracking data to the ledger, with a workable reconciliation routine.
Guide
CFO Guide
Forecasting, KPI design and capital planning for operators scaling past startup.
Guide
Dispensary Guide
Retail close routines, inventory control and margin management for dispensing.
Questions We Hear Often
- What is Section 280E and why does it matter?
- Section 280E is a federal provision that disallows ordinary business deductions for trades or businesses trafficking in federally controlled substances. Cost of goods sold remains available because it reduces gross income, which is why inventory and cost accounting drive the tax outcome.
- How does vertical integration affect accounting?
- A single license holder may cultivate, process, transport and dispense, so production, distribution and retail activity coexist in one entity. Cost segregation and internal transfer costing become essential to both tax documentation and management reporting.
- Does Florida impose a state income tax on cannabis businesses?
- Florida imposes no personal income tax. Entities taxed as corporations are generally subject to Florida corporate income tax, computed starting from federal taxable income with state modifications. Entity type determines the treatment, so confirm yours with your adviser.
- Can you work with our existing bookkeeper or CPA?
- Yes. Many clients keep internal bookkeeping and engage us for methodology, review, reconciliation or filings. The division of work is documented at the start.
Elsewhere
Where We Publish
Practice notes, explainers and community discussion on cannabis accounting, compliance workflows and tax documentation.
Firm updates on cannabis accounting standards, 280E developments and financial reporting practice notes.
Plain-language explainers for operators and owners on bookkeeping, recordkeeping and tax season preparation.
Community discussion on compliance workflows, seed-to-sale reconciliation and inventory documentation.
Talk through your accounting position
A short conversation is usually enough to identify where documentation, inventory costing or reporting needs attention.