Optimizing Cannabis Cultivation Business Financials [Cannabis Accounting]

The nature of cultivation businesses is that they are loaded with upfront costs with no return on that investment until much later when compared to dispensaries or cannabis manufacturing businesses.

When doing cannabis accounting and looking at the financial statements, especially the P&L, they can always seem to be running at a loss, and that can be deceiving to operators and doesn’t tell the full story. The cannabis cogs or cannabis business costs can really look unbalanced.

This video will give you a few tips on how to increase the value of your cannabis cultivation business and show you better ways to highlight your positive performance. 

You can download the slides here

In this video, we will cover:
Overview of Cannabis Cultivation Financials and cannabis business analysis
3 Ways to Improve the Value of Your Cannabis Cultivation Business
Documenting SOPs for a Turn-key Operation
Implement Detailed Information Tracking Systems & Cannabis chart of accounts
Knowing “TRUE” cannabis Cost per Pound
High-Level Walk-Thru of Cost/Pound
Understanding & Presenting Your Numbers
Showcase Your Margins as Detailed as Possible
Have Historical Data to Show Progress

If you need help with financial analysis for your cannabis business from a cannabis cpa, then please reach out to us at https://greengrowthcpas.com/get-started/ or call 800-674-9050.

Posted in Growers