The Cannabis Finance Bootcamp
Everything you need to run, or serve, a cannabis business's books with confidence. 76 lessons, 4.5 hours of video, plus downloadable templates, checklists and policies.
- Why cannabis accounting is different, and the regulation that drives it
- A complete 280E strategy: the tax cases, IRC 471 costing, and allocations for rent, labor and multiple revenue streams
- A cannabis chart of accounts, systems setup, and customer, vendor and product lists
- Cash and inventory controls, purchasing policy, risk assessment and an accounting manual
- Bonus: cultivator projections and cost per pound, manufacturing capacity, owner payouts
- For accountants: how to win, onboard and review cannabis clients
Enrollment reopening soon
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What's in the course
Part 1
The cannabis industry
The Controlled Substances Act, adult-use vs. medical, plant-touching vs. ancillary, license types, banking, and startup and operating costs.
Part 2
Regulation & taxes
Seed-to-sale tracking, insurance and record requirements, violations, and state, local, sales and use taxes.
Part 3
280E strategy & allocations
The key tax cases, COGS and IRC 471, cash vs. accrual, entity structure, an allocations template, a quarterly tax estimator and audit-proofing.
Part 4
Set up your accounting
Chart of accounts, accounting and inventory systems, and customer, vendor and product setup.
Part 5
Operations & best practices
Cash and inventory controls, operations manual, risk register, purchasing policy, employee training and internal audit.
Part 6
Onboarding cannabis clients
For accountants: define your role, run the consult, onboard and complete an initial review.
Who it's for
- Finance and compliance people working at (or joining) a cannabis business
- Bookkeepers and accountants who want cannabis clients
- Operations and accounting staff who want to understand the "why" behind the process
Your instructor
Simone Cimiluca-Radzins, CPA
Simone is a CPA and PwC alum who has worked in regulated cannabis since 2015. She has helped operators win competitive license applications, raise capital and build tax-saving strategies, and has lobbied at the local, state and federal level.
Not ready for the full course?
Start with the templates: the Cannabis Accounting Toolkit is $47.