Cannabis
Compliant accounting for licensed cannabis businesses
Accounting built around how your industry works
Licensed cannabis businesses face federal tax rules no other legal industry does, on top of state licensing and cash-heavy operations. We keep books built for both — with cost of goods sold handled carefully, because while Section 280E applies it is often the main deduction available.
Common challenges
- Section 280E limits on deducting ordinary business expenses
- Cash-heavy sales and limited access to banking
- State excise taxes and seed-to-sale tracking requirements
- Inventory costing that has to hold up to IRS scrutiny
How ANAV Global helps
- Cost of goods sold calculated under the inventory rules 280E allows
- Daily cash reconciliation and deposit tracking
- State excise and sales tax returns
- Books reconciled to your seed-to-sale and POS records
- Federal and state tax returns prepared with 280E in mind
Recommended services for Cannabis
How It Works
Simple, effective steps to transform your accounting operations
Discovery & Consultation
We start with understanding your business needs, current challenges, and goals to define the right engagement model.
Onboarding
Seamless onboarding process with dedicated team assignment and clear communication channels setup.
Transition & Setup
Smooth transition of your accounting data and systems with minimal disruption to your operations.
Ongoing Service Delivery
Consistent, high-quality service delivery with regular reporting and proactive communication.
More industries we serve
Ready to Transform Your Accounting?
Get started with ANAV Global today and experience the difference professional accounting services can make
accounting@anavglobal.com