The Cannabis Accounting Podcast

DOPE CFO

The Cannabis Accounting Podcast discusses the ins and outs of cannabis/cbd/hemp accounting. Topics include 280E, chart of accounts, starting & growing your own firm, overcoming software challenges, and more! Looking to get into cannabis accounting? To learn more visit dopecfo.com.

  1. EP 188: Restructuring vs. Performance Improvement: The Decision That Saves Companies

    6D AGO

    EP 188: Restructuring vs. Performance Improvement: The Decision That Saves Companies

    The cannabis industry is more competitive then it was 5-10 years ago. But that doesn’t mean it’s broken.  In this episode, I talk with Jeff Wissink, Partner at Paladin Restructuring. We cover what’s really happening inside cannabis businesses today. We cover what is forcing owners to rethink where they spend money, when to engage a restructuring professional and why growing through M&A is harder than it looks. The message is clear: the rules changed, and smart operators are adjusting. Jeff explains Paladin’s two main ways of helping companies. Restructuring is for emergencies like missing payroll, missing debt covenants or running out of cash. Performance improvement is about fixing problems early so the business can make more profit and avoid a crisis. Using his past experience as a cannabis COO, Jeff shares why one simple number SG&A as a percent of revenue can show what’s working and what’s not. He also explains why cutting back too much on finance and HR can hurt growth. And why waiting until the last minute leaves very few good choices.  We wrap up by talking about leadership, survival, and what comes next for cannabis. Jeff uses a fun example of kids all chasing the soccer ball to explain why clear roles matter as companies grow.  He also breaks down why retail is costly and why strong operations matter more than hype.  He is nice but honest, if owners and investors focus on cash flow, teamwork, and smart systems now, they’ll be in a great spot when the industry settles down and new opportunities open up.

    48 min
  2. EP 186: The Family Office Model for Wealth Management

    JAN 9

    EP 186: The Family Office Model for Wealth Management

    In this episode, we talk with Lee Generous, a wealth management expert. He helps cannabis founders plan for money, taxes, and their long-term future. Lee explains why cannabis owners face special challenges, like 280E taxes and limited access to banks and capital. He shares why Dope CFO Wealth Management was launched in 2023 to give cannabis business owners the same support big family offices provide. We explore why most business exits fail and what cannabis founders can do now to protect the value of their companies. Lee shows how good planning can lower stress, save taxes, and prepare owners for life after selling their business. He also talks about the personal side of money, like helping families plan for kids, health needs, and major life changes. Lee shares why he is hopeful about the future of cannabis with more states legalizing and federal reforms getting closer. He also explains how the wealth industry is changing, with more fee-only advisors who put clients first. This episode gives simple steps, real lessons, and strong advice for anyone building or investing in a cannabis company. *Disclaimer: The views expressed in this episode are for informational and educational purposes only and do not constitute individualized investment, tax, or legal advice. Lee Generous is a co-founder of Dope CFO Wealth Management LLC, a fee-only, MA-registered investment adviser. Nothing in this podcast is an offer or recommendation to buy or sell any security or to participate in any investment strategy. All investments involve risk, including possible loss of principal. Advisory services are offered only where Dope CFO Wealth Management LLC is properly registered or exempt from registration, and listeners should consult their own professional advisers before making any financial decisions.

    47 min

Ratings & Reviews

4.7
out of 5
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About

The Cannabis Accounting Podcast discusses the ins and outs of cannabis/cbd/hemp accounting. Topics include 280E, chart of accounts, starting & growing your own firm, overcoming software challenges, and more! Looking to get into cannabis accounting? To learn more visit dopecfo.com.