Cannabis & CBD Business Accounting Services (280E Compliant)
IRC Section 280E limitations and multi-state compliance are eating your margins. Twelix optimizes your books to minimize tax burden legally and accurately.
Everything our cannabis & cbd bookkeeping covers
What we handle for you, and the deductions we capture along the way — all built into how we run your books from day one. Nothing you need to bring to a meeting.
Deductions we track for you
280E Limitations Apply
Cannabis businesses cannot deduct most ordinary expenses — only COGS is deductible.
Cultivation Costs
Seeds, nutrients, soil, lighting, and growing supplies allocated to COGS.
Processing & Packaging
Extraction, manufacturing, and packaging labor and materials.
Distribution Costs
Transportation, logistics, and delivery costs for product distribution.
Quality Testing
Lab testing, compliance testing, and quality assurance costs.
Facility Costs (COGS portion)
Rent and utilities allocated to production space, not retail.
Clean books, handled for you
every single month.
Hand off the categorizing, reconciling, and reporting to a dedicated Twelix bookkeeper. You get CPA-ready financials on schedule — and your time back to actually run the business.
Book a Free ConsultationWhy Businesses Choose Twelix
We don't just keep your books, we give you the financial clarity to run your business with confidence.
Cannabis & CBD Bookkeeping Challenges Which We Take Care of
IRC Section 280E
Cannabis businesses cannot deduct most expenses for federal tax purposes. Only COGS is deductible, making cost allocation critical.
State Compliance
Each state has different cannabis regulatory and reporting requirements for financial records.
COGS Optimization
Maximizing what qualifies as cost of goods sold directly reduces your tax burden under 280E.
Banking Challenges
Limited banking options and cash-heavy operations create unique reconciliation and reporting needs.
IRC Section 280E
Cannabis businesses cannot deduct most expenses for federal tax purposes. Only COGS is deductible, making cost allocation critical.
State Compliance
Each state has different cannabis regulatory and reporting requirements for financial records.
COGS Optimization
Maximizing what qualifies as cost of goods sold directly reduces your tax burden under 280E.
Banking Challenges
Limited banking options and cash-heavy operations create unique reconciliation and reporting needs.
IRC Section 280E
Cannabis businesses cannot deduct most expenses for federal tax purposes. Only COGS is deductible, making cost allocation critical.
State Compliance
Each state has different cannabis regulatory and reporting requirements for financial records.
COGS Optimization
Maximizing what qualifies as cost of goods sold directly reduces your tax burden under 280E.
Banking Challenges
Limited banking options and cash-heavy operations create unique reconciliation and reporting needs.
Cannabis & CBD Bookkeeping FAQ
Yes. We specialize in 280E-compliant bookkeeping that maximizes your deductible COGS while maintaining full compliance.
We maintain financial records that meet regulatory requirements in every state where you operate.
We implement robust cash management and reconciliation procedures to ensure every dollar is accounted for.
We track cultivation, processing, and distribution costs for proper COGS allocation under 280E.
Yes. We provide per-location and consolidated reporting for multi-location cannabis operations.
Still have a question?
Drop us a line and we'll get right back to you.
More ways Twelix can help
More ways we keep your finances clean and current.
Industries We Serve
Specialized bookkeeping for 14+ industries, not one-size-fits-all templates.