Complete Guide to Starting a profitable business in cannabis

Learn how to succeed in one of the fastest growing industries in the world

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
  • Learn what is and is not deductible for sale of cannabis
  • Uncover additional costs that are included in COGS
  • Cost saving strategies for your business
  • Methods for controlling cash and mitigating fraud
  • Methods for controlling inventory and mitigating theft

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.

Course Curriculum

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Your Instructor

Simone Cimiluca-Radzins, CPA
Simone Cimiluca-Radzins, CPA

Simone Cimiluca-Radzins is a CPA and highly accomplished professional with more than 15 years of success in the tech, financial, entertainment, healthcare, and alternative health care industries. Her experience with leading global, cross collaborative teams has lent itself to successful product launches, new business growth, and strategic partnerships.

Leveraging extensive experience from “the sky is the limit” perspective, Simone is a valuable asset for a startup to mid-size enterprise company seeking expert assistance with expansion, business process, and scale. Her key areas of expertise include business development, change management, strategic problem-solving, diplomacy, negotiations, ethics, and superior training and mentoring skills

Since 2014, Simone has worked with all verticals of the cannabis and hemp industry, where she has spoken internationally on the subjects of Cannabis Compliance, Leadership, and Business Process. Simone led the strategy and team to win one of six cannabis licenses for the first cannabis restaurant in California, launched a global business platform and has held multiple leadership summits, conferences, and business boot camps teaching entrepreneurs business, compliance, and leadership.