Cannabis accounting firms can support the industry with a variety of services. For anyone operating within the cannabis industry, it is crucial to have accounting and bookkeeping providers who understand the legalities involved.

In general, cannabis businesses tend to face more scrutiny from the IRS given the controversial nature of legalized cannabis sales. So it’s even more important to stay compliant. Do not take risks and stay calm by resorting to accounting firms specialized in cannabis. Here are our top recommended cannabis accounting firms in Arizona.

If you are operating in the emerging cannabis industry, consider using one of these recommended cannabis accounting firms in Arizona.

Kong price

Price Kong was the first accounting firm in Arizona to support cannabis businesses, beginning in 2011. This firm offers personalized financial guidance to both individuals and businesses operating in the construction, dental, health care, start-ups/small businesses and cannabis. They offer tax services, audit and review services, and various accounting consulting services. Price Kong is committed to serving the cannabis industry and offers proprietary models, strategies and processes that save cannabis businesses time and money.

Playa Fleischman

This firm is one of the largest locally owned public accounting and consulting firms in Arizona. They work with businesses and entrepreneurs to help guide and strategize for the future. Their services include access to advisors, accountants, auditors, and tax professionals. Beach Fleishman also supplies a host of industries such as cannabis, construction, health care, and real estate, just to name a few. One of the benefits of using Beach Fleischman is that they provide accounting and consulting services. Its consulting services range from the design and administration of pension plans to strategic services such as value growth services, strategic planning and exit planning. Overall, this company has an extensive list of services to offer and is a reputable public company that is sure to keep your cannabis business in good hands.

Puff Puff Accounting

This is a company that specializes only in the cannabis industry. They are a CPA firm that offers services for cannabis businesses such as audit response and tax resolution, corporate entity and structure planning, technical accounting services, tax planning and preparation, payroll services, and bookkeeping services. If you are looking for an accounting firm that can meet all of your accounting needs under one roof, this is the place for you. They are experts in cannabis tax law and have turned their full attention to providing services within the cannabis industry. With a 100% customer satisfaction rate, this accounting firm is sure to have the best interests of your business in mind.

Rebel rock

Rebel Rocks is an Arizona-based accounting firm specializing in cloud accounting and technology solutions. They provide custom cloud accounting solutions and business system implementations to help your business grow and reach its full potential. Rebel Rock is proud to provide solutions and support to cannabis businesses through its team of cannabis experts. Services include audit, CFO and controller services, business systems implementation, mergers and acquisitions services, due diligence services and more. The combination of accounting and cannabis experts on the Rebel Rock team is sure to allow your business to continue to grow and be the best it can be.

Green Growth CPA

Green Growth CPAs are the nation’s leading cannabis accounting and advisory firms. They are dedicated to serving this emerging industry by helping cannabis companies identify and apply tax and business strategies. Its services range from auditing and assurance services, tax services, auditing and financial services, as well as advisory services. With over 700 clients to date, this cannabis-focused accounting firm has cross-border capabilities and is registered with the AICPA, PCAOB, and CPAB.

How do cannabis companies save money?

If you are in the cannabis industry or trying to start a cannabis business, here are some tips on how to save some money.

Stay in Compliance: Compliance with regulations is often costly. However, losing your license or having to fix what is wrong will be even more expensive. Save yourself the trouble and make sure you operate within regulations to avoid unexpected expenses.

Specialized Accountants: Staying compliant within the cannabis industry can be difficult as there are layers and layers of rules. The best way to ensure that your business operates within the legal areas is to hire accountants who specialize in the industry. They will be responsible for making sure your business is operating legally.

Packaging: Packaging is another way to save costs. Paying attention to the size and weight of your packaging can often help you save on storage and distribution costs. Also, opting for packaging with fewer graphics and a simpler design will help reduce costs.

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