Cannabis Financial Statement Preparation
Accurate, Compliant, and Investor-Ready Reports for Cannabis Businesses
It should be noted that surrounding rules shift quickly in the cannabis industry, and expectations are high. No matter if you operate a dispensary or cultivation site as well as a multi-state business, your financials need to do more than track profit—they need to demonstrate full alignment with tax law and licensing requirements in addition to investor demands.
Cannabis Tax Advisors produces custom-tailored cannabis financial statements built for the realities of this regulated industry. Every report we prepare is structured for audits, financing rounds, and board-level review—while remaining fully in sync with tax planning under 280E.
Cannabis Financial Statements Require Expertise
Cannabis accounting is not only about numbers—it's about managing strict regulations and presenting financials that hold up under examination. The operators in this industry face specific challenges as presented below:
High-volume inventory and limited access to traditional banking
Complex corporate structures across states and licenses
280E financial statements that necessitate careful cost tracking as well as allocation
Dispensary balance sheets and cannabis P&L reports designed for external stakeholders
The need for cannabis GAAP financials when dealing with lenders or investors and licensing boards
Standard systems usually fall short. Generic tools naturally do not generate cannabis accounting reports that can support compliance elements, secure funding, or pass audit reviews. Therefore, industry-specific financial statement preparation is important.
What You'll Receive
We simply deliver more than mere reports—we present cannabis-specific financial documentation built for transparency and a healthy decision-making mechanism:
Monthly, quarterly, and year-end level cannabis financial statements
Standardized cannabis P&L, dispensary balance sheet, and cash flow reports
Proper COGS allocation that satisfies 280E financial statements requirements
Consolidated financials for multi-entity, multi-state operations
Supporting schedules and footnotes designed for investors and auditors as well as licensing boards
Compiled, reviewed, or internally prepared cannabis GAAP financials
Detailed cannabis accounting reports custom-tailored for fundraising, licensing, or internal analysis
Each document is formatted to support the next strategic moves—whether that's preparing for due diligence, renewing a license, or presenting to stakeholders.
Why Work With Cannabis Tax Advisors
We specialize in cannabis financial statements—that's our entire focus. Our team acknowledges how to fully align accounting with the real demands of running a licensed operation. From tax compliance to investor readiness, we prepare financials that support every aspect of the cannabis business.
Here's what sets us apart:
Deep cannabis industry experience
With hands-on knowledge of tax in addition to licensing requirements
Accurate cannabis GAAP financials
Tailored for audits and board reviews along with fundraising efforts
Integrated financial statements
That integrate with the tax strategy, from 280E financial statements to investor-ready cannabis accounting reports
Audit-ready documentation
And guidance throughout the review process
Direct access to responsive accountants
Who recognize multi-entity structures and complicated operations
Who We Support
We collaborate with cannabis businesses across all stages of growth—no matter if you are just getting licensed or preparing for the next acquisition. Our team offers exclusively produced cannabis financial statements and reporting solutions for the clients below:
Licensed retail dispensaries looking for accurate dispensary balance sheet and cannabis P&L reports
Indoor and outdoor cultivators managing high-volume inventory and cost tracking
Manufacturing and processing facilities requiring detailed 280E financial statements
Vertically integrated operators and multi-state organizations (MSOs) in need of consolidated cannabis accounting reports
Cannabis companies preparing for investor due diligence or funding rounds alongside acquisition opportunities
Get Financial Statements That Work for You
Whether cannabis businesses are launching a new dispensary or preparing for an investor audit, reliable financial reporting is key. We provide aid to such businesses at every stage—presenting full reviews, first-time financials, or refined reports designed for professional presentations as well as full compliance.
Cannabis Tax Advisors presents the services outlined below:
Custom-tailored cannabis financial statements for emerging or established operators
Expert guidance for first-time reporting and GAAP-ready submissions
Precise, investor-focused documents like the cannabis P&L, dispensary balance sheet, and 280E financial statements
Request a consultation today and get the support you need to present your financials with clarity and confidence.
FAQs
Are cannabis financial statements different from other industries?
Yes. They should account for 280E limitations, heavy inventory, and licensing rules, which necessitate industry-specific reporting and COGS tracking.
What format do lenders/investors want to see?
Lenders and investors typically expect cannabis GAAP financials that cover a full cannabis P&L, dispensary balance sheet, and supporting schedules.
Do I need GAAP or IFRS?
Most cannabis operators in the U.S. use GAAP. IFRS is rarely required unless you're working with international stakeholders.
How do I prepare for a cannabis audit?
Have proper 280E financial statements, clear COGS documentation, and reconciled cannabis accounting reports ready for review.