Our CFOs provide world class financial leadership for cannabis companies
Regardless of the size of your cannabis business, a well-qualified CFO is essential to your business success. The finance function should be embedded throughout the company, providing decision support to all facets of the business. 7 Leaf CFOs are cannabis accounting experts in financial leadership for cannabis businesses. Our team can help you increase profits, control expenses, and plan a strong future for your operation. We break away from the number-cruncher stereotype and act as a strategic partner to your company.
Our partnership with cannabis businesses begins by digging deeply into your financial operations. We will assess your accounting functions to identify strengths and weaknesses in accounting policies and procedures, internal controls, and financial reporting. Our group of experts then develops a customized plan to strengthen your financial operations and implement best in class controls and processes. We want to make sure that you have solid cost accounting, audit ready financial reporting and strong management decision making tools.
Our team provides expert 280E tax strategies and world class cannabis accounting
Does your cannabis company have a comprehensive tax strategy to legally minimize the impact of IRC Section 280E?
7 Leaf CFOs are cannabis accounting and tax professionals that provide expert knowledge of 280E exposure and mitigation. Our team will review your company’s exposure to the rule and develop a customized plan to reduce its impact on your profitability and cash flow.
280E mitigation strategies depend on perfect cost accounting. Our professionals are experts in GAAP (Generally Accepted Accounting Principles), cost accounting and IRC section 471, relating to properly accounting for inventory and Cost of Goods Sold (COGS). Our team will implement strategies that can help maximize your COGS and thereby reduce your 280E exposure in a legal, auditable way.