Business Details
29 Years
experience
Your Trusted Cannabis Accounting Partner
The Canna CPAs is a premier accounting firm specializing in cannabis and hemp industries since 1997. Our team of experts provides tailored financial solutions, including tax planning under IRC 280E, outsourced CFO services, and audit representation, designed to maximize profitability for cultivators, processors, and retailers nationwide. With deep industry knowledge, we implement legal strategies to reduce tax liabilities, optimize cash flow, and ensure compliance through detailed GAAP accounting and proprietary documentation systems.Our nationwide service spans all cannabis verticals, supported by a proven six-step CFO process that tracks KPIs and drives financial targets. Recognized as industry leaders, we combine decades of experience with innovative approaches to help businesses thrive in this dynamic sector.
Services
Cannabis Tax Planning
Outsourced CFO Services
Audit Representation
Business Valuations
Exit Strategies
Bookkeeping
GAAP Financials
Cost of Goods Sold Analysis
Entity Structuring
IRS Collections Solutions
Details
- Year established: 1997
Highlights and features
- We offer 28+ years of cannabis-specific accounting expertise.
- Our proprietary audit documentation system protects clients during IRS reviews.
- Nationwide service across all cannabis verticals and legal states.
- Proven six-step CFO process increases client profit margins by 30%+.
- Founders are nationally recognized speakers and authors on cannabis tax law.
What people say
Brilliant cannabis expertise
Impeccable customer service
Doubled our canopy space
Saved thousands in taxes
World-class services
Services
Cannabis Tax Planning
Specialized tax strategies for cannabis businesses under IRC 280E. We legally maximize deductions through GAAP accounting and cost-of-goods sold optimization. Our expertise reduces tax liabilities by 30-50% while maintaining full compliance with federal and state regulations.
Outsourced CFO Services
Monthly financial guidance to increase profitability. We implement KPI tracking, cash flow forecasting, and operational analysis. Our clients achieve 25%+ margin improvements through targeted budgeting and performance metrics tailored to cannabis operations.
Audit Representation
Expert representation for cannabis tax audits. We prepare detailed work papers documenting deductions and compliance. Our team has successfully defended over 200 cannabis businesses during IRS and state audits, minimizing penalties and preserving client assets.
Business Valuations
Accurate valuations for dispensaries, cultivators, and manufacturers. We use industry-specific metrics to determine fair market value. These valuations support exit planning, merger negotiations, and tax reporting requirements unique to the cannabis sector.
Exit Strategies
Comprehensive exit planning for cannabis entrepreneurs. We develop strategies for succession, sale, or liquidation. Our Certified Exit Planners help owners maximize returns while addressing regulatory challenges specific to cannabis asset transfers.
People
Sandy Suchoff
Founder & Principal
CPA with 28+ years of cannabis tax expertise. Featured on MSNBC, FOX, and cannabis industry publications. Author of 'How to Run a Profitable Cannabis Business' and 'Write-off$ to the Rescue'.
Jeff Alan
Officer
Senior executive overseeing firm operations. 20 years of experience in cannabis financial compliance and strategic planning. Key advisor for multi-state cannabis operators.
Adeel Khan
Accountant
Certified Public Accountant specializing in cannabis 280E compliance. Expert in cost allocation strategies and audit preparation for cultivators and dispensaries.
Elana Jacobowitz
Head Bookkeeper
Manages day-to-day accounting operations for 100+ cannabis clients. Implements customized bookkeeping systems that integrate with POS and inventory management platforms.
Ron Saia
Accountant
Specializes in cannabis tax return preparation and state compliance. 15 years of experience with multi-jurisdictional cannabis business reporting requirements.
Questions
What cannabis-specific tax services do you offer?
We specialize in IRC 280E compliance, cost-of-goods sold optimization, and cannabis tax return preparation for growers, dispensaries, and processors nationwide.
Do you work with all cannabis business types?
Yes, we serve all verticals including cultivation, manufacturing, retail, and delivery services across 28+ legal states.
How do you help cannabis businesses save money?
Our proprietary accounting methods legally reduce tax liabilities by 30-50% through strategic deduction allocation and operational efficiency improvements.
What happens during a cannabis audit?
We provide full audit defense including document preparation, IRS negotiations, and compliance strategy development using our proven audit protection system.
Can you help with cannabis business valuations?
Yes, our Certified Exit Planners perform cannabis-specific valuations for sales, mergers, and succession planning using industry-standard metrics.
Do you offer CFO services for cannabis companies?
Our outsourced CFO program includes monthly financial analysis, KPI tracking, and strategic planning to improve profitability by 25%+.
