Cannabis accounting services for dispensaries and growers after Schedule III.

Yes, we build cannabis books around Section 280E, which blocks federal deductions other than cost of goods sold for Schedule I or II sellers. After April 28, 2026, that bar still covers adult-use marijuana. So we keep COGS apart from selling and admin costs. Production costs are allocated on a written basis, and the workpapers are kept for your CPA.

We keep the financial records state compliance relies on, while filings and license matters stay with you. METRC or BioTrack is tied to the ledger monthly. Cannabis taxes are booked and matched to returns, and each license has its own records. Your compliance lead then works from books that agree with the state system.

We reconcile cash every day, matching register and vault counts to POS sales. Armored car pickups and deposits are logged with support. Variances are traced while the shift is still fresh. That limits shrink and gives your bank the deposit trail it expects.

Yes, grow and processing costs are carried into inventory and moved to cost of goods sold as product sells. Inventory is tied to your seed-to-sale system each month. For growers and processors, full absorption costing under Treasury Regulation 1.471-11 generally sets which production costs go in. Your CPA confirms the method.

Yes, each dispensary gets its own cash accounts, daily counts and P&L, plus a combined view. Shared costs are split on a written basis, so each store's result is one you can act on. Transfers between stores are always logged.

Section 280E still applies to adult-use marijuana, but not to marijuana sold under a state medical-only license. The Justice Department's final order took effect on April 28, 2026. It moved medical marijuana and FDA-approved products to Schedule III. A DEA hearing on moving all marijuana ended July 15, 2026, with no final decision as of September 2026. Your CPA confirms the position for each tax year.

Yes, 280E applies to adult-use growers and processors just as it does to dispensaries. It covers any business trafficking in a Schedule I or II drug, and selling to another licensee counts. Growers often feel it less, because more of their spending is production cost that sits in COGS. A grower with a medical-only state license falls under the April 2026 change instead.

For a dispensary that resells, COGS is mostly the product's purchase price plus the cost of getting it to the store. In the 2018 Harborside case, the Tax Court held that resellers cannot use Section 263A to add more. Growers and processors can also include direct labor, grow space and other production costs. Your CPA sets the final method.

You will need to apportion, or split, costs between the two, because only the adult-use side stays under 280E. Treasury and the IRS said on April 23, 2026 that guidance on this split is coming. As of September 2026 it had not been published. Until then, we tag sales and costs by channel and document a basis your CPA can adjust.

That is your CPA's call, since the announced relief covers medical activity from the tax year that includes April 28, 2026, not earlier years. Treasury said it would treat that whole year as covered. It made no promise for prior years, and the IRS has gone to court to recover some past 280E refunds. We keep prior-year workpapers ready if your CPA files an amended return or a protective claim.

Yes, every month we compare METRC, BioTrack or your state's system to the ledger. Variances from waste, test samples, adjustments or keying errors are traced and explained. POS data from Dutchie, Flowhub, Treez or Cova feeds the same tie-out. The books stay in QuickBooks Online, QuickBooks Desktop or Xero.

You pay one flat monthly fee, priced from your license count, stores, cash volume, inventory and payroll. Busy months cost the same as slow ones, and there is no setup fee. The written quote comes within 24 hours of our call. Catch-up work on past months is priced on its own.