The Cannabis Accounting podcast

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Lisätty three vuotta sitten

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Cloud Realities

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CR093: Role of AI/Gen AI in cybersecurity with Corence Klop, Rabobank 44:18

9 päivää sitten44:18

Toista Myöhemmin

Listat

Tykkää

Tykätty

44:18

AI and Generative AI are transforming cybersecurity by enhancing threat detection and response. These technologies offer unmatched accuracy and efficiency, making them crucial for protecting sensitive data. As cyber threats evolve, integrating AI into security strategies is essential. This week, Dave, Esmee and Rob talk to Corence Klop, CISO at the Rabobank, about the expanding role of AI and Generative AI in cybersecurity, and how to begin integrating these technologies into your organization. TLDR 04:45 Rob is confused about wrong AI information for a hotel booking 08:20 Conversation with Corence 33:40 How can you identify the state of flow for your end-user in agile practices? 40:50 Going to the swimming pool and disco with your daughter Guest Corence Klop: https://www.linkedin.com/in/corenceklop/ Hosts Dave Chapman: https://www.linkedin.com/in/chapmandr/ Esmee van de Giessen: https://www.linkedin.com/in/esmeevandegiessen/ Rob Kernahan: https://www.linkedin.com/in/rob-kernahan/ Production Marcel van der Burg: https://www.linkedin.com/in/marcel-vd-burg/ Dave Chapman: https://www.linkedin.com/in/chapmandr/ Sound Ben Corbett: https://www.linkedin.com/in/ben-corbett-3b6a11135/ Louis Corbett: https://www.linkedin.com/in/louis-corbett-087250264/ ' Cloud Realities' is an original podcast from Capgemini…

The Cannabis Accounting Podcast

Jaa

Sarjan koti•Feed

The Cannabis Accounting Podcast discusses the ins and outs of cannabis/cbd/hemp accounting. Topics include 280E, chart of accounts, starting & growing your own firm, overcoming software challenges, and more! Looking to get into cannabis accounting? To learn more visit dopecfo.com.

166 jaksoa

#Business #DOPE CFO

The Cannabis Accounting Podcast

updated 12 päivää sitten

Jaa

Sarjan koti•Feed

166 jaksoa

#Business #DOPE CFO

Kaikki jaksot

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Ep. 165: Investing in Cannabis: What You Need to Know to Protect Your Wealth 14:08

12 päivää sitten14:08

14:08

The Cannabis industry's allure of high returns often masks the substantial personal risks investors and executives face. While early Cannabis companies like MedMen and Tilray attracted significant investment with trendy branding, their stories serve as cautionary tales of what happens when fundamental accounting, tax compliance, and entity structuring are overlooked. Today's Cannabis investors need to be armed with knowledge that goes far beyond product expertise. Join Andrew Hunzicker, CPA for this critical episode as we reveal: Critical lessons from the downfall of early Cannabis giants and how to avoid their costly mistakes How IRC 280E, 471, and other tax codes uniquely impact Cannabis business profitability The hidden liabilities of different entity structures and why choosing the wrong one could expose your personal assets Essential strategies for maximizing legal tax deductions despite stringent restrictions Multi-entity approaches that provide enhanced asset protection and investment appeal Why standard accounting systems and general practitioners often fail Cannabis businesses Whether you're considering investing in the Cannabis industry, currently serving as a company executive, or advising clients in this sector, this episode provides vital insights for protecting assets and ensuring compliance. Learn how proper structuring, accounting, and tax strategies can mean the difference between success and financial disaster in this highly regulated industry.…

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Ep. 164: Hidden Liabilities: What Cannabis Investors & CEOs Need to Know Before It's Too Late 20:17

26 päivää sitten20:17

20:17

The Cannabis industry's allure of high returns often masks the substantial personal risks investors and executives face. While early Cannabis companies like MedMen and Tilray attracted significant investment with trendy branding, their stories serve as cautionary tales of what happens when fundamental accounting, tax compliance, and entity structuring are overlooked. Today's Cannabis investors need to be armed with knowledge that goes far beyond product expertise. Listen in as we reveal: ✅ Critical lessons from the downfall of early Cannabis giants and how to avoid their costly mistakes ✅ How IRC 280E, 471, and other tax codes uniquely impactCannabis business profitability ✅ The hidden liabilities of different entity structures and why choosing the wrong one could expose your personal assets ✅ Essential strategies for maximizing legal tax deductions despite stringent restrictions ✅ Multi-entity approaches that provide enhanced asset protection and investment appeal ✅ Why standard accounting systems and general practitioners often fail Cannabis businesses Whether you're considering investing in the Cannabis industry, currently serving as a company executive, or advising clients in this sector, this session provides vital insights for protecting assets and ensuring compliance. Learn how proper structuring, accounting, and tax strategies can mean the difference between success and financial disaster in this highly regulated industry. #DOPECFO #CannabisAccounting #CannabisPolicy…

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Ep. 163: Trump-era Policy Impact on the Cannabis Industry and Compliance 16:44

6 weeks sitten16:44

16:44

The Cannabis industry faces a pivotal moment as the Trump administration takes control of critical policy decisions. In this essential episode, DOPE CFO Founder, Andrew Hunzicker, CPA, analyzes how campaign promises might translate to administrative action and what it means for Cannabis businesses nationwide. Learn crucial insights about: Trump's Cannabis policy positions Potential impact of key agency appointments Strategic approaches during policy transitions Implications of the paused rescheduling process Risk assessment strategies for Cannabis operations Compliance considerations under changing regulations Position your Cannabis business to navigate policy shifts successfully regardless of the new administration's direction. Follow The Cannabis Accounting Podcast for expert guidance on Cannabis industry compliance and strategy. #DOPECFO #CannabisAccounting #CannabisPolicy…

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Ep. 162: A Deep Dive Into the Rescheduling Chaos with NCIA’s Aaron Smith 41:55

8 weeks sitten41:55

41:55

The Cannabis industry stands at a pivotal moment as multiple reform paths converge. From state-level progress to federal rescheduling efforts, understanding the complex landscape is crucial for industry professionals. Recent developments in the DEA rescheduling hearings have created both uncertainty and opportunity, making it essential to stay informed and engaged. Join DOPE CFO's Andrew Hunzicker and NCIA CEO Aaron Smith as they break down: Latest updates on the DEA rescheduling hearing cancellation and its implications How recent administrative changes could impact Cannabis reform efforts Multiple pathways to federal reform and their current status Strategic opportunities for industry engagement in reform efforts Role of industry professionals in advancing positive change Critical insights into state-level developments and federal policy interactions Whether you're a Cannabis accountant, operator, or industry advisor, this episode provides essential context for understanding current reform efforts and opportunities for engagement. Learn how recent developments affect your business and how to participate in shaping the industry's future.…

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Ep. 161: Understanding the IRS' Latest Warning to Cannabis Companies 14:28

10 weeks sitten14:28

14:28

The IRS has just issued a critical warning about Cannabis companies attempting to circumvent 280E through Form 8275 disclosures using a variety of rationales that do not constitute a reasonable basis. This development might require immediate attention from Cannabis operators and their accountants. Join DOPE CFO Founder & CEO Andrew Hunzicker, CPA for this podcast to understand: Why Form 8275 is not a "free pass" to avoid 280E limitations What constitutes a "reasonable basis" for disclosure The risks of using Form 8275 incorrectly Recent IRS enforcement priorities for Cannabis businesses Other guidance that goes against IRS guidance that could cause penalties As the IRS ramps up enforcement, it's crucial to understand the proper application of tax regulations. Learn how to protect your Cannabis clients while maintaining strict compliance with 280E requirements. Whether you're currently serving Cannabis clients or planning to enter the industry, this episode will provide critical insights on navigating the latest IRS guidance.…

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Ep. 160: Cleanup & 280E Refund Preparation 28:02

13 weeks sitten28:02

28:02

The Cannabis industry stands at a historic crossroads with potential 280E tax relief on the horizon. In this essential episode, DOPE CFO Founder, Andrew Hunzicker, CPA, reveals why most Cannabis businesses aren't prepared for this massive opportunity and what they must do now to get ready. Learn step-by-step guidance for: - Building proper financial infrastructure - Implementing documentation systems - Managing audit risks - Preparing for refund opportunities - Understanding timing considerations - Protecting against common pitfalls Position yourself as a trusted advisor in the Cannabis industry by mastering these critical preparation strategies. Follow The Cannabis Accounting Podcast for expert guidance on Cannabis industry compliance and strategy. #DOPECFO #CannabisAccounting #280E…

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Ep. 159: Maximizing Opportunities at Cannabis Events 12:38

16 weeks sitten12:38

12:38

🌿 Maximizing Opportunities at Cannabis Events Transform your Cannabis accounting practice through strategic event participation! In this episode, we break down how showing up at industry events can elevate you from a regular attendee to a recognized expert in the Cannabis accounting space. Learn proven strategies to: Position yourself as a trusted advisor in the Cannabis industry Secure and nail speaking opportunities Make meaningful contributions to industry organizations Build authentic relationships with Cannabis CEOs and investors Convert event connections into long-term client relationships Perfect for accountants who prefer working behind the scenes but want to grow their Cannabis practice. Discover why in-person industry involvement is your most powerful marketing tool! #CannabisAccounting #DOPECFO #CannabisIndustry #AccountingPodcast…

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Ep. 158: How Hemp Beverages Are Revolutionizing the Cannabis Market 30:01

18 weeks sitten30:01

30:01

Join us for an exciting dive into the world of hemp beverages with Christopher Lackner, founder of the Hemp Beverage Alliance. In this episode, we unpack the rapid evolution of Cannabis-infused drinks, exploring how they're transforming the adult beverage landscape. Christopher shares insights into the industry's technological innovations, regulatory challenges, and the collaborative spirit driving hemp beverage development. Discover: ✓ How hemp beverages are becoming a game-changing alternative to traditional alcohol ✓ The technological breakthroughs making these drinks shelf-ready ✓ Why craft brewers are entering the hemp beverage market ✓ The potential for interstate commerce and market expansion ✓ How these beverages are normalizing Cannabis consumption Whether you're a Cannabis industry professional, a curious consumer, or someone interested in emerging beverage trends, this episode offers a comprehensive look at the future of drinking. Get ready to challenge your assumptions and learn about the exciting world of hemp beverages!…

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Ep. 157: From Failure to Finance - How Credit Scores Are Revolutionizing Cannabis Business Lending 24:12

20 weeks sitten24:12

24:12

Join Raymond Guns, CPA and Chief Revenue Officer at DOPE CFO, as he interviews Dotan Melech, CEO of CTrust, about revolutionizing Cannabis industry financing through standardized credit scoring. Learn how CTrust analyzes over 1,700 data points across 42 business categories to help Cannabis companies access better financing terms and manage risk more effectively. Discover why traditional credit scoring hasn't existed in Cannabis until now, and how this innovation could transform the industry's financial landscape. Key topics covered include: ✓ How CTrust developed its revolutionary credit scoring system ✓ The impact of state-specific regulations on business credit ratings ✓ Ways Cannabis companies can improve their credit scores ✓ The relationship between credit scores and cost of capital ✓ How rescheduling could affect industry financing ✓ The role of credit scoring in the industry's maturation The episode provides valuable insights for Cannabis business owners, investors, and financial professionals looking to understand the evolving landscape of Cannabis industry financing and risk assessment.…

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Ep. 156: Mastering the Remote Cannabis Accounting Practice: Beyond the CPA Skillset 18:30

22 weeks sitten18:30

18:30

Master the fundamentals of running a successful remote Cannabis accounting practice with industry expert Andrew Hunzicker, CPA. In this essential episode, discover the business strategies and systems you need to complement your technical expertise and build a thriving virtual practice. Learn how to: ✔️ Maintain peak productivity in a remote environment ✔️ Implement systems for consistent service delivery ✔️ Market your practice effectively to Cannabis clients ✔️ Build and manage virtual client relationships ✔️ Position your practice for sustainable growth Whether you're transitioning to remote work or looking to optimize your existing virtual practice, this episode provides the practical guidance you need to succeed in Cannabis accounting.…

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Ep. 155: Cannabis Tax Insights on Reform and Refunds from 2024 AICPA with Andrew Livingston 1:04:02

24 weeks sitten1:04:02

1:04:02

Our guest today is Andrew Livingston. Andrew is the Director of Economics and Research at Vicente LLP. Vicente LLP is a top-ranked national cannabis law firm providing legal and policy services to marijuana and hemp companies, psychedelics companies, ancillary businesses, investors, governmental bodies, and advocacy organizations. As the firm's director of economics and research, Andrew assists clients with developing and expanding their enterprises across cannabis markets nationally and internationally. A wide variety of marijuana and hemp businesses look to Andrew for help navigating the regulatory intricacies that influence market dynamics, as well as to create sophisticated revenue models and pro forma for investors and to guide strategic decision-making. Andrew recently spoke at AICPA in August of 2024 where he discussed the major economic issues facing state-regulated cannabis businesses and what to expect with potential future rescheduling and market expansion. Tune in as cannabis economics expert Andrew Livingston breaks down the business of marijuana and what's next for this growing industry.…

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Ep. 154: How to Charge for Capital-Raising Services 18:48

26 weeks sitten18:48

18:48

The pressure is on. Your Cannabis clients are counting on you to guide them through the capital raising process, but one misstep could jeopardize their future. Choosing the wrong funding type, overlooking critical documentation, or failing to plan for expenditures are common mistakes people unfamiliar with this industry make when attempting to raise and manage cash. But it doesn't have to be this daunting. With the right approach, you can confidently offer capital-raising services that provide immense value to your clients while ensuring you're fairly compensated. Cannabis finance expert Andrew Hunzicker, CPA, reveals: How to structure comprehensive capital-raising services for Cannabis clients Strategies for determining the optimal funding type and preparing robust documentation to increase approval and funding odds Approaches to ongoing financial modeling and capital expenditure planning Multiple pricing models to ensure you're compensated fairly for your expertise Tips for positioning yourself as an indispensable partner in your client's growth journey Don't let uncertainty hold you back from offering this vital service. Tune in to unlock the strategies you need to excel in Cannabis capital raising.…

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Ep. 153: Navigating Accounting Discrepancies in Cannabis - Compliance, Prevention, and Resolution 16:00

30 weeks sitten16:00

16:00

Missing cash. Unaccounted expenses. Vanishing inventory. In the Cannabis industry, these aren't just minor bookkeeping errors – they're ticking time bombs that can obliterate your business's compliance, credibility, and bottom line. Ignoring or glossing over these issues isn't an option. Cannabis companies operate under intense scrutiny, and the consequences of mishandling discrepancies can be severe. But how do you address these problems compliantly without derailing your operations? Join us for this critical podcast: " Navigating Accounting Discrepancies in Cannabis: Compliance, Prevention, and Resolution " with Andrew Hunzicker, CPA and Cannabis accounting expert. In this no-holds-barred session, we dive into: The real risks of unresolved accounting discrepancies in the Cannabis industry Step-by-step protocols for addressing missing cash, unaccounted expenses, and inventory gaps Proactive strategies to prevent discrepancies before they occur How to maintain ironclad documentation that satisfies even the strictest regulators Building a culture of accuracy and accountability in your Cannabis operation Don't let accounting discrepancies threaten your Cannabis business's future. Arm yourself with the knowledge and strategies to tackle these issues head-on and keep your operation running smoothly and compliantly. Tune in and transform your approach to Cannabis accounting accuracy.…

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Ep. 152: Providing Capital Raising Services to Cannabis Companies 18:22

32 weeks sitten18:22

18:22

Cannabis companies need capital to grow. As their trusted advisor, are you prepared to help them get it? Many accountants struggle to structure, price, and sell capital raising services to Cannabis clients because they've... Never done it. Don't know how to do it. Aren't aware of the crucial role that they play in helping companies proactively stay capitalized enough to fund future endeavors and whether the turbulent storms of the industry. But with the right approach, you can become an indispensable partner in your clients' growth journey. In this episode, you'll learn: How to package and price capital raising services for Cannabis clients Effective strategies to pitch these services and demonstrate their value Key considerations for Cannabis fundraising that set you apart from generalist accountants Techniques to guide clients through the due diligence process investors demand The importance of maintaining connections with investors and potential providers for your clients. Don't let uncertainty hold you back from offering this vital service. Expand your expertise, grow your practice, and become the go-to CFO for ambitious Cannabis companies.…

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Ep. 151: Compliant Rock Solid Live Inventory Counts 16:01

34 weeks sitten16:01

16:01

With the Cannabis industry constantly changing, staying on top of the latest compliant inventory practices can feel untenable. Unfortunately, failing to remain compliant can lead to disastrous financial and legal repercussions for your client, your business, and your reputation. If you are struggling to navigate inventory compliance, you are not going to want to miss our latest podcast “ Compliant Rock Solid Live Inventory Counts ." Led by DOPE CFO Founder, Andrew Hunzicker, CPA, learn directly from Andrew as he shares his expert insights and strategies on maintaining accurate inventory compliance. During this podcast, you will learn: Internal Revenue Code 471 and how to stay compliant Best practices, tools, and workpapers for successful inventory accounting Compliant inventory count practices and procedures RC 471-2 Lower of Cost or Market considerations along with tools and processes for cost accounting Legal and financial liabilities for mismanaged inventory And so much more… Whether you are looking for help understanding inventory compliance or searching for tools to effectively better manage inventory, this podcast will guide you through the intricacies of inventory compliance accounting. Don’t let poor inventory accounting practices jeopardize your business! Tune in and equip yourself with compliant best practices to drive your business’ growth in the Cannabis industry.…

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