Providing world-class CFO, accounting, tax, and financial services to Cannapreneurs and investors.
After a six year tenure as an Internal Revenue Agent within the Special Enforcement Program at the Internal Revenue Service, Daniel spent the last decade applying his financial accounting and business acumen in numerous highly-regulated & politically-charged spaces. His expertise spans multiple industries including environmental, political, professional services, healthcare, and social advocacy. A
04/30/2024
It could be the agency's biggest policy change in 50 years! The new rule would recognize the medical uses of ma*****na & that it has less potential for abuse than other drugs, reclassifying it as a Schedule III drug.
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02/13/2024
Exciting news for the Cannabis Industry: Top U.S. Senators have urged the DEA to completely remove ma*****na from the Controlled Substances Act. This is a bold move that would correct major issues in the current system.
Read more here: https://mjbizdaily.com/dea-should-deschedule-ma*****na-us-senators-request/
*****namovement
08/15/2023
DOPE CFO leading the industry and nation in Cannabis Accounting, Compliance, Finance, and CFO services.
08/03/2023
Note the headline states "purported", because 26 U.S. Code § 471 is specific in the methodology by which businesses must account for its COGS, was passed after Code § 280E, and in January 2021 the IRS passed another regulation stating that anyone subject to 280E can't use 471(c) to reduce the impact of 280E. Thus, there is no loophole. It is the law. If you are being told otherwise, you are being misguided and putting yourself, your business, and your wealth at substantial risk.
Find a trusted advisor in a DOPE CFO Certified Advisor to help you protect your business by getting your accounting accurate, GAAP compliant, and audit ready from seed through tax return.
Read more from MJBiz : https://mjbizdaily.com/small-ma*****na-businesses-take-advantage-of-purported-280e-loophole/
07/31/2023
A top investor concern is correct accounting and taxes.
Investors don't want to risk fines or penalties, putting a focus on business they trust will make compliance a top priority. Correct accounting, tax prep and reporting in the cannabis industry requires proper operational setup and processes.
07/31/2023
Over 90% of U.S. military veterans who use medical ma*****na say that it improves their quality of life, with many using cannabis as an alternative to over-the-counter and prescription medicines.
A recent bill approved by the House of Representatives included amendments that will allow doctors to issue recommendations to veterans and encourage research into the therapeutic potential of psychedelics.
More here: https://www.ma*****namoment.net/bipartisan-lawmakers-celebrate-house-passage-of-veterans-medical-ma*****na-access-and-psychedelics-research-provisions/
07/31/2023
It's important to be a in a new and constantly evolving industry. Can't wait to put my learnings from The Illinois Cannabis Convention to help drive my clients from seed to success!
NECANN has been expanding market opportunities for cannabis businesses, entrepreneurs, and consumers since 2014.
07/31/2023
According to data published in the journal Health Economics, the enactment of statewide adult-use ma*****na legalization laws is associated with a decline in overall mental health treatment admissions.
My own journey into the cannabis business was driven by my firsthand experience with the positive impact cannabis and psychedelics can have on individual health and mental wellness.
Learn more from NORML : https://norml.org/news/2023/07/20/analysis-mental-health-treatment-admissions-fall-in-states-following-ma*****na-legalization/
07/31/2023
There are two tax codes that are imperative for every cannabis business: 280E and IRC 471.
🌱 280E prohibits cannabis companies from deducting business expenses.
🌱 IRC 471 classifies which costs can go into inventory [and what cannot be allocated as an inventoriable expense]. If done correctly, you can help lower your taxable income!
I've spent my career in highly regulated & politically-charged industries and intend to bring that expertise to my cannabis clients.