GAAP-basis statements for a cannabis business
We prepare income statements, balance sheets and cash flow statements under generally accepted accounting principles, applying cannabis-specific treatment where GAAP intersects with the industry's unique circumstances — inventory costing under full absorption, revenue recognition for wholesale transfers, and disclosure of tax positions affected by Section 280E.
Supporting MED license renewals and local reporting
Colorado license renewals and many municipal marijuana licensing requirements call for financial disclosures that have to reconcile to your actual books. We prepare the specific financial exhibits your renewal application or local jurisdiction requires, whether you're renewing in Denver, Aurora, Lakewood or a smaller Colorado market with its own local licensing authority.
Lender and investor reporting packages
Cannabis-tolerant lenders and equity investors typically require monthly or quarterly financial packages with specific covenant calculations, key performance indicators and variance analysis against budget. We build a standing reporting template tailored to each lender or investor's specific requirements so reporting deadlines never become a scramble.
Reporting packages that satisfy license renewal and lender requests
MED license renewals, local jurisdiction reporting and lender covenant checks each want financial data presented a specific way. We maintain one clean set of books that can be resliced instantly into whichever format the requesting party needs, without a full rebuild each time.
