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Cannabis Accounting 101

Cannabis Accounting and Taxes

Accounting in the cannabis industry is anything but EASY.

Operating in the cannabis industry is challenging. Cannabis businesses that directly sell THC are exposed to many obstacles in their business. From large regulatory fines for not having accurate books and records, punitive taxation at the federal level, to multiple layers of taxation at the state level, and limited banking.

Cannabis accounting is more than understanding bookkeeping, quickbooks or journal entries.

Cannabis accounting is understanding how your accounting systems work, what inventory costs are, how to analyze your gross margin and your cost of goods, and what internal controls are.



In this course you will learn:

  • How to understand and analyze your financial statements
  • What 280E is, how it impacts your business
  • Cost saving strategies for your business
  • Methods for controlling cash and mitigating fraud
  • Methods for controlling inventory and mitigating theft
  • Building ethics and compliance into your business


You will have instant access to the following downloadable tools:

  • Sample chart of accounts for a cannabis business
  • 280E Allocation worksheet
  • Year end accounting checklist


If you are a finance professional, cannabis business owner, or consultant serving the cannabis industry, it is your professional duty to understand the basics of cannabis accounting.



Get started now!



Your Instructor


Simone Cimiluca-Radzins
Simone Cimiluca-Radzins

My name is Simone Cimiluca-Radzins, and my expertise is in business strategy, finance, risk management, and business process improvement. I have improved business operations for hundreds entrepreneurs and CEOs in the United States, Latin America, Western and Northern Europe, and the Asia Pacific region. With an emphasis on cash flow management, corporate governance, and team building, I take a strategic approach to helping clients solve business and operational problems.