100 episodes

The DOPE CFO 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.

The Cannabis Accounting Podcast by DOPE CFO DOPE CFO

    • Business
    • 4.6 • 11 Ratings

The DOPE CFO 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.

    Ep. 99: Cashless ATMs & Other Illegal Merchant Services in the Cannabis Industry

    Ep. 99: Cashless ATMs & Other Illegal Merchant Services in the Cannabis Industry

    Cashless ATMs and Credit Card payment tricks by Cannabis businesses are considered fraudulent.

    Cannabis is a Schedule I substance, so any attempts to get creative with payment options will still be classified as money laundering by the Feds. In this episode, DOPE CFO Founder Andrew Hunzicker, CPA and special guest Rick LaNeve, CPA, founder of Accounting Buds, have an in-depth discussion about the many illegal ways that Cannabis businesses are trying to collect payments. Listen in to hear about these Cannabis industry cash traps and how to avoid them.

    For more information on Cannabis Accounting and DOPE CFO, please visit our website.


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    • 16 min
    Ep. 98: Behind the Scenes: AICPA & CIMA Cannabis Industry Conference 2022

    Ep. 98: Behind the Scenes: AICPA & CIMA Cannabis Industry Conference 2022

    Can you believe how far the Cannabis industry has come? Last year the AICPA (American Institute of Certified Public Accountants) recognized the industry with a few sessions at one of its conferences. This year the AICPA and CIMA have dedicated an ENTIRE conference to all things Cannabis accounting, and the DOPE CFO team is at the forefront with FOUR sessions during the 3-day event!

    The move towards legalization in states over the last few years has brought involvement from many different areas, so this year’s Cannabis conference is bringing together a wider range of Cannabis experts. Attendees can expect to hear from CPAs from firms big and small as well as experienced CPAs turned instructors and Cannabis attorneys who have valuable perspectives on the industry.

    The DOPE CFO team has become well known in the industry, and they’ll be offering sessions on some of the most pressing topics such as raising capital, banking, costing, technology, risk mitigation, and more. We’ll be sharing our experiences - maybe even some horror stories - to help those who are interested in or just getting started in Cannabis accounting.

    The team will be hosting sessions that…

    🌱 Provide basics to help accountants truly get to know their clients so they can build a strong firm

    🌱 Guide newcomers on how to adopt a Cannabis accounting mindset

    🌱 Discuss ways to legally raise funding

    🌱 Detail how to get a position in the private sector

    🌱 Offer a chance for closer networking through fireside chats where attendees can ask questions from industry experts

    While we’re busy getting ready for this year’s Cannabis conference, head over to the AICPA & CIMA Cannabis Industry Conference page to register to attend. Use the code CAN2022 for discounted admission.

    Click here for more information and to register for the conference.

    To learn more about our Cannabis accounting program, check us out at DOPECFO.com and be sure to visit bit.ly/2GUnpPr to grab your FREE guide “Accountant's Guide to Managing Your Client's Cannabis Accounting Needs.”

    🌿Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo

    🌿Say HEY On Social:

    LinkedIn: https://www.linkedin.com/company/dopecfo

    Facebook: https://www.facebook.com/dopecfo

    Instagram: https://www.instagram.com/dopecfo

    Twitter: https://twitter.com/dopecfo

    YouTube: https://www.youtube.com/c/dopecfo


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    • 10 min
    Ep. 97: How Investors Can Avoid Personal Tax Doom

    Ep. 97: How Investors Can Avoid Personal Tax Doom

    There’s risk and then there’s calculated risk.

    The calculated risk we were referring to on this episode of the Cannabis Accounting Podcast is the investments that require deep research into the past, present, and future of a company before deciding to go forward. And though many veteran investors can easily tell the difference, even seasoned investors find themselves with losses investing in the Cannabis industry.

    From tales of investors who have invested over $2 million without seeing any kind of return to investors whose shares of a company don’t allow for any input in a business’ controls, we’ve seen plenty of people with solid investment choices who suffered major losses.

    There are ways to avoid such negative outcomes, and fortunately for investors, the red flags that spell financial disaster when investing with a Cannabis company can often be spotted early on.

    Here are some things to consider before deciding whether to invest with a Cannabis company:

    🍃 The glory of the C-corp: This entity structure makes it much easier to raise capital and has better asset protection for the company. Most importantly, this structure purposely separates investors from their business investments, meaning investors cannot be individually audited.

    🍃  The LLC risk factor: Unlike a C-corp, this entity structure throws open the door for all investors to be individually audited apart from the Cannabis business. If you’re set on investing with this type of Cannabis company, take extra precautions and make sure you have a voice in determining tax distributions and consult with a verified corporate tax attorney.

    🍃  Tax regulations and procedures: Sure, you may not be the one to set up those corporate governance guidelines and internal controls (it’s best to trust a trained Cannabis accountant to put these in place), but it doesn’t mean your voice doesn’t count. As an investor, it’s your right to see that the business you’re investing in is following all tax protocols by the book–trouble for the company spells trouble for you (especially if that company is an LLC).

    To learn more about our Cannabis accounting program, check us out at DOPECFO.com and be sure to visit bit.ly/2GUnpPr to grab your FREE guide “Accountant's Guide to Managing Your Client's Cannabis Accounting Needs.”

    🌿Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo

    🌿Say HEY On Social:

    LinkedIn: https://www.linkedin.com/company/dopecfo

    Facebook: https://www.facebook.com/dopecfo

    Instagram: https://www.instagram.com/dopecfo

    Twitter: https://twitter.com/dopecfo

    YouTube: https://www.youtube.com/c/dopecfo


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    • 11 min
    Ep. 96: Your First Year As A Cannabis Accountant

    Ep. 96: Your First Year As A Cannabis Accountant

    Making the decision to become specialized as a Cannabis accountant may be the easiest decision you’ll ever make, and the most fruitful. The industry is booming, and it’s nowhere close to finishing its climb. Investing in learning NOW means you’ll be just in time to take your career to new heights along with the industry before it skyrockets to its maximum potential in the next few years.

    Why Cannabis? Why now? Join host Andrew Hunzicker, CPA and CEO of DOPE CFO as he walks you through the reasons this niche has the most profitable outlook for CPAs in the next decade. If you’re interested in setting yourself up for a secure, lucrative career that’s in high demand, tune in to podcast Episode 96 to learn how to get started and get information on how you should be pricing yourself and your services within your first year.

    To learn more about our Cannabis accounting program, check us out at DOPECFO.com and be sure to visit bit.ly/2GUnpPr to grab your FREE guide “Accountant's Guide to Managing Your Client's Cannabis Accounting Needs.”

    🌿Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo

    🌿Say HEY On Social:

    LinkedIn: https://www.linkedin.com/company/dopecfo

    Facebook: https://www.facebook.com/dopecfo

    Instagram: https://www.instagram.com/dopecfo

    Twitter: https://twitter.com/dopecfo

    YouTube: https://www.youtube.com/c/dopecfo


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    • 18 min
    Ep. 95: Get More Exposure For Your Firm As A Conference Speaker

    Ep. 95: Get More Exposure For Your Firm As A Conference Speaker

    What if you could take your business further using what you ALREADY know about accounting? One of the best ways to keep your business growing is to share your knowledge by speaking at conferences and events. Events are prime locations to make valuable network connections, learn, and gain added exposure for your business, so whether you’re a Cannabis accounting expert or relatively new to the field, speaking on stage is something all levels should consider.

    We know the thought of public speaking may have some people adamantly shaking their heads, but don’t shy away. The best part of presenting at Cannabis conferences is being surrounded by like-minded people who are all there for the same reason: to learn and grow together.

    Tune in to Episode 95 to hear our founder Andrew Hunzicker, CPA along with special guest, expert Cannabis accountant Raymond Guns, CPA at 1st Choice CPA, to walk us through his accounting experience and explain how he began booking events early on in his journey into the niche Cannabis accounting world. We’ll dive into how your business can benefit from becoming a conference speaker and steps you can take to get started yourself.

    To learn more about our Cannabis accounting program, check us out at DOPECFO.com and be sure to visit bit.ly/2GUnpPr to grab your FREE guide “Accountant's Guide to Managing Your Client's Cannabis Accounting Needs.”

    🌿Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo

    🌿Say HEY On Social:

    LinkedIn: https://www.linkedin.com/company/dopecfo

    Facebook: https://www.facebook.com/dopecfo

    Instagram: https://www.instagram.com/dopecfo

    Twitter: https://twitter.com/dopecfo

    YouTube: https://www.youtube.com/c/dopecfo


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    • 23 min
    Ep. 94: Harborside Case Review: Why Multiple Entities Won't Circumvent 280E

    Ep. 94: Harborside Case Review: Why Multiple Entities Won't Circumvent 280E

    Setting up multiple corporate entities for the sole purpose of getting around 280E will lead to a ton of trouble with the IRS. Just ask the folks over at Harborside.


    The (still) ongoing Harborside case has taught us how the IRS views using multiple entities to take tax deductions for a Cannabis business, whether that entity is attached to or separate from the Cannabis operations. By trying to be clever and get around 280E, Harborside has now put itself in the position of potentially having to pay a cool $11 million in back taxes.


    Harborside even tried to fight the constitutionality of 280E… and lost the appeal.


    Our latest podcast episode, “Harborside Case Review: Why Multiple Entities Won't Circumvent 280E,” explores exactly where it all went wrong for Harborside and what we can do as accounting professionals to protect our Cannabis clients and their businesses.


    Topics include:



    🟢 A brief overview of the Harborside case.

    🟢 Why using Harborside’s multi-entity corporate structure to take (illegal) tax deductions won’t fly during an audit.

    🟢 Minimizing tax liability while still adhering to 280E.


    CLICK HERE to grab your FREE “Ultimate Guide to Entities and Funding Structures in Cannabis!”


    🌿Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo


    🌿Say HEY On Social:

    LinkedIn: https://www.linkedin.com/company/dopecfo

    Facebook: https://www.facebook.com/dopecfo

    Instagram: https://www.instagram.com/dopecfo

    Twitter: https://twitter.com/dopecfo

    YouTube: https://www.youtube.com/c/dopecfo


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    • 14 min

Customer Reviews

4.6 out of 5
11 Ratings

11 Ratings

JoshCrist ,

Entertaining, insightful and actionable! 🔥

Whether you’re well established as a CPA innovating in the Cannabis industry, or just getting started carving out a profitable niche that’s ready to grow - this is a must-listen podcast for you! Andrew does an incredible job leading conversations that cover a huge breadth of topics related to the ins and outs of building a thriving practice - while navigating the regulatory complexities - with leaders who’ve actually experienced success themselves. Highly recommend listening and subscribing!

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