Outsourced CFO Services

Cannabis Company CFO Services

Outsourced Chief Financial Officer (CFO) Services

At Cannabis CPA, we understand that the reason most cannabis companies fail is they run out of money — and the reason they lack sufficient green to continue operating is due to financial mismanagement. A professional CFO in the cannabis business sets financial controls, maintains reports and P&L statements, navigates the tax code, performs the forecasting and determines the budget, prevents the company from spending unnecessarily and generally makes the right decisions that keep your business in business.

Why might you want to hire an outside leader to provide financial guidance? Perhaps the only financial person in your office recently left or you never had one, you don’t have enough work to employ a CFO on a full-time basis, and one or more of the following is true:

  1. You recently opened a new or “budding” business and you don’t have the time to perform financial tasks or even to recruit and hire the right person. Your time is better spent running and promoting your company.
  2. You don’t understand the financial statements your accountant prepares, and you lack the experience and knowledge to make sound financial decisions. You do know, however, that understanding finance and taxes would save you money in the long run.
  3. You realize that while all financial professionals understand accounting, only a cannabis CFO is thoroughly aware of all the unique regulations that govern cannabis financial and operating compliance.
  4. You know that you need a CFO specializing in cannabis business to handle the complex financial issues. For example, companies operating in limited-license states are required to obtain licenses, and businesses operating in multiple limited-license states must maintain different accounting books.

Our Outsourced Cannabis CFO Services

Our cannabis company CFO:

  • Saves you money vs. hiring a full-time, permanent CFO
  • Has extensive cannabis industry as well as financial experience
  • Uses data-driven financial tools to help you meet financial goals
  • Offers strategic insights that allow the CEO to make informed decisions
  • Understands how to work with banks and can interpret the tax code
  • Knows how to stay compliant while responding to changes in laws
  • Focuses on helping you achieve your overall business goals

Why Choose Cannabis CPA for Your Cannabis Business

Cannabis CPA provides outsourced CFO services only to businesses in the cannabis industry. Our professionals have worked with many cannabis companies, which means you reap the benefits of years of relevant experience at a fraction of what a full-time CFO would cost. In addition, an objective outsider sees things that an insider might miss and offers a different view of the business. Moreover, an outsourced cannabis CFO is not obligated to agree with the CEO to stay on his or her good side.

Do you need a CFO on a less-than-full-time basis? Are you looking for a CFO who knows and understands the cannabis industry? Are you ready to improve your company’s financial performance? If you answered “yes” to any of these questions, then contact Cannabis CPA and request a highly skilled, professional CFO with years of experience in your industry.