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Audits in the Cannabis Industry

Canna-businesses experience regular audits with substantial adverse outcomes of a bad audit. There are various substantiation tools you can use to support your business in an audit, most being required by the state (on a state-by-state basis). Audits are more likely to occur for canna-businesses, so it is essential to have records/receipts, keep up-to-date state and federal codes, stay on top of deadlines, properly deduct business expenses, and use appropriate verification tools.


Preparing for an Audit


The Full Cycle CFO Difference

Why Choose Our Team For Your Cannabusiness?

Audits can be as small as an accuracy claim, so every number in your books should be appropriately recorded and substantiated. In this industry, correctly classifying our deductions can significantly benefit your company when faced with an audit.

Be prepared to handle an audit when it inevitably occurs. We will help you when that unavoidable audit arrives.