Cannabis Accounting
marijuana is a growing industry
Managing church finances requires more than just bookkeeping — it demands transparency, accountability, and a heart for ministry. We specialize in church accounting services that support your mission while ensuring your financial operations are accurate, compliant, and easy to understand. We believe finances should support your mission — not distract from it. Our approach is simple:
- Understand your church’s vision and structure
- Build customized financial systems
- Provide ongoing support and clarity
Who We Serve?
We work with:
✔️Growers (cultivators)
✔️Retailers (medicinal, adult-use dispensaries)
✔️Manufacturing
✔️Laboratory Testing
✔️Distribution
Our Services
💰 Maximizing Cost of Goods Solder Under IRC Section 280E
The federal government has not made it easy for us - with hemp legal, cannabis and THC illegal, CBD now made legal and vaping teetering on the edge, it becomes increasingly difficult to tax plan in today’s environment. One very effective way of reducing tax liability is correctly separating your business activity between cannabis and non-cannabis divisions. The reason this is important is because Section 280e is the primary driver behind large effective tax rates - but it only applies to businesses dealing with illegal drugs. Each Totals You client is going to have a unique situation in terms of determining cannabis and non-cannabis. Determining cost of goods sold in cannabis is truly an organization wide initiative. At Totals You, we have a responsibility to advise to keep this number within the confines of what we believe the IRS will accept. This involves looking at Cost of Goods Sold correctly from a tax law perspective, while still maximizing the value for the client
📅 State & Local Tax Preparation
Marijuana sales in legal cannabis states are booming and the states/local municipalities want their taste. Filing these taxes correctly is crucial to any cannabis organization as proper state compliance is likely a key to keeping your license. There are many complexities to state and local taxes such as sales tax rates, excise tax, harvesting tax, retail versus commercial sales etc. Let the industry expert accountants help you apply the code for your business case correctly.
✅ Federal Tax Planning
Dealing with the dreaded IRS is no picnic. Federal tax code for businesses is complicated enough as is and gets doubly so when your organization is involved in a Schedule 1 substance. Nevertheless, filing a federal return correctly as a cannabis company is possible - it just takes a little more patience and a lot of industry knowledge. Working with our team at Totals You, your CPA will be exclusively focused on the cannabis industry so you'll be able to utilize our extensive tax knowledge to your full advantage.
why choose totals you?
Working with Totals You Accounting means that you will have a firm at your side entirely dedicated to cannabis. We stay painstakingly up to date on the latest tax laws surrounding cannabis, hemp, CBD and THC. Being exclusively focused on the cannabis industry gives our client's an edge that many accounting firms simply can't offer.
⏳ Limited availability each month to ensure quality service.
👉 Book your consultation now and take control of your finances.
“Helping high-responsibility individual rebuild emotional clarity and structure during life transitions so they can lead their life and business without burnout.”
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