Cannabis Industry
FACTS ON THE CANNABIS INDUSTRY
In the U.S., the cannabis market size has a projected compound annual growth rate (CAGR) of 14.9% expected to reach $40 billion in 2030. Although its use is not sanctioned at the federal level, more states are legalizing the growth, distribution, and sale of cannabis.
There are a number of large companies and startups entering the local cannabis markets. This will likely lead to stringent oversight and regulatory compliance. Very few public accounting firms are engaging in this dynamic and evolving industry.
CironeFriedberg already has a team in place to handle clients that cultivate, distribute, and dispense cannabis. Our clients are in Connecticut, New York, New Jersey, Massachusetts, and throughout the Northeast and New England.
Uniquely positioned as a regional accounting firm and a member of CPAmerica, CironeFriedberg is highly qualified to serve the needs of businesses in this industry. Our experienced tax, advisory and accounting professionals know that the IRS and local governments will view cannabis businesses with a more critical lens. We’ve got your back.
TAX, ACCOUNTING & ADVISORY SERVICES
- State and federal tax planning, returns, reporting, and strategies for 26 U.S. Code § 280E
- Outsourced Accounting, CFO, and Controller
- Advisory services to assess and identify business growth opportunities and mitigate risk
- Assessment of Internal Controls and Compliance Reporting and Consulting
- Advisory for Disproportionately Impacted Area (DIA) social equity license applicants
- Leveraging our trusted relationships with local lenders to assist with loan procurement
- Partnering with law firms with established cannabis legal practices
- Accounting and bookkeeping services scaled to growing businesses
- Certified Valuation Analyst for Business Valuations
- Financial statements for lenders
- Cash flow projections
Licensed Clients We Serve
Cultivators and Micro-cultivators • Food & beverage manufacturers
Product manufacturers • Product packagers • Transportation services • Delivery services
Medical dispensaries • Recreational dispensaries • Start-up businesses
FOR MORE INFORMATION PLEASE CONTACT
NICHOLAS DAPAZ, CPA; OR KEVIN KEARNEY, CPA
STAY INFORMED, READ OUR ARTICLE THE NEW $40 BILLION INDUSTRY.
