With cannabis sales in a historic slump, companies are struggling with dwindling cash flows and tough decisions. In this episode, founder and CEO of DOPE CFO Andrew Hunzicker, CPA outlines smart strategic moves for staying afloat.
He'll cover:

 How to determine your cash runway and optimal sources of capital in a restricted funding environment.

 What costs must be cut vs. defensive investments to retain core capabilities.

  Perspectives on assessing if it's time to wind down or exit altogether.

  How to plan for the worst, yet operate with the best case scenario in mind.


Whether you're a cannabis entrepreneur or investor, this podcast will equip you with practical tips for managing through the downturn, so you can position your company to thrive once the market recovers. 
The future of the industry is bright, but selectivity and savvy strategy are key to endure short-term storms. 

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Ep. 136: Weathering the Storm: Navigating the Cannabis Downturn

The Cannabis Accounting Podcast discusses the ins and outs of cannabis/cbd/hemp accounting. Topics include 280E, chart of accounts, starting &amp; growing your own firm, overcoming software challenges, and more! Looking to get into cannabis accounting? To learn more visit dopecfo.com.

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The Associated Press just announced that DEA has agreed to reschedule Cannabis, which is going to usher in all sorts of change. Unfortunately, a lot will stay the same, and things are inevitably going to become much more complicated from a compliance standpoint. On the one hand, 280E won’t be so punitive, but taxes will still be high, and accounting will be even more challenging. Don’t get blindsided by what’s to come. 
In our latest podcast, DOPE CFO CEO and founder, Andrew Hunzicker, CPA discusses "How accounting and taxes will change when Cannabis is Rescheduled."
He shares information on:

 How rescheduling affects raising capital
 The more complex tax returns
 Valuation considerations as rescheduling happens

…and more!
Tune in and take notes so you don't get left behind by the massive changes ahead in this industry. 

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Ep. 144: How Accounting and Taxes Will Change When Cannabis is Rescheduled

Our guests today are Rachel Gillette and Jennifer Benda. They are partners at Holland & Hart LLP and work in the group’s Cannabis Division.
Holland & Hart LLP is a national law firm who serve a wide range of industries. Our guests today are both partners in the Holland & Hart’s Cannabis Division. The emerging cannabis legal sector faces novel legal challenges and complexities. They help cannabis businesses cut through the complexity. 
Their team guides clients with ensuring operational compliance and in building creative solutions and productive relationships with state, local, and federal authorities. Their tailored approach helps cannabis and natural medicine businesses, stakeholders, and ancillary service providers analyze risks and chart a strategic course in the dynamic Cannabis industry. 


Listen as they discuss upcoming changes in Cannabis law and how they will impact Cannabis accountants.

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Ep. 143: Changes in Cannabis Law and Accounting in 2024

New entrepreneurs have a lot to look forward to that they often don’t realize until they are knee deep in their new venture and find that there are certain skills and competencies that may be lacking that can hurt their progress. 
Everything about how you approach your work has to shift, yet some people carry their employee mindset and practices into self-employment which can create all sorts of problems that can be blindsiding. 
If you are thinking about stepping out on your own for the first time, listen in as we discuss the shifts that new Cannabis Accounting firm owners need to make in order to build successful businesses. In this episode, we discuss:

 The importance for developing systems and processes

 Understanding the value of your time (8 hour days look different and can quickly turn into 15 hour days if you’re not careful)

 Managing expectations of yourself and your clients


There’s so much that gets added to your plate as you set out to build a growing business. Make life easier by knowing what’s ahead. 
Listen in so you can learn how to solve for it so that you are prepared. 

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Ep. 142: Management Training for Cannabis Accounting Firm Owners

On today's episode, we are excited to welcome Lauren Baptiste, the founder and CEO of Acheloa Wellness.
Lauren Baptiste is a corporate burnout turned coach and CEO. She serves ambitious women professionals as their go-to Burnout Expert. 
Before launching Acheloa Wellness, Lauren spent 13 years as a top performer at a Big Four Accounting Firm. She was always at the top of her earning bracket and was nominated a “Rising Star'' in the industry. However, her professional drive eventually landed her in the Emergency Room from workplace burnout. Lauren notes that it was the ultimate test of how hard she was willing to work for her career. 
Since then, she’s successfully guided hundreds of professional women through similar challenges at work and home. She offers a path to achieve your personal and professional goals without succumbing to burnout. 
In this episode, Andrew and Lauren discuss: 

 Lauren's story and how burnout landed her in the hospital 
 How Lauren founded a new company while applying the lessons she learned from burnout
  Common symptoms of burnout 
  Strategies for accountants and business owners to avoid burnout (while being massively successful) 
  How to find calm amidst the chaos of our busiest seasons at work 
  How women can find balance in their life and still achieve their career aspirations 

Lauren shared this guide to setting healthy boundaries for our listeners. If you'd like to learn more about Lauren and her work, you can visit her website and connect with her on social media (Instagram and LinkedIn). 

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Ep. 141: Dealing with Burnout During Tax Time w/ Lauren Baptiste

In this episode of the DOPE CFO Cannabis Accounting Podcast, Andrew Hunzicker, CPA dives deep into the debate of value pricing versus hourly billing for Cannabis accounting services. Andrew argues that in today's competitive landscape, accountants must move beyond basic bookkeeping, payroll, and tax prep services to provide real value to clients.
As AI and offshore labor continue to commoditize traditional accounting tasks, the key to thriving in the Cannabis niche is to become an indispensable, full-service CFO. Andrew shares strategies for specializing deeply in the unique challenges of the Cannabis industry, from navigating complex regulations to managing rapid growth.
You'll learn how to provide CFO-level advisory services that go beyond mere number crunching, how to become your client's trusted right hand, and how to continuously raise your fees to match the value you deliver. Andrew also discusses the importance of having a robust set of Cannabis-specific tools, work papers, and best practices, as well as tapping into a community of industry experts.
If you're an accountant looking to break into the exciting world of Cannabis accounting or take your existing practice to the next level, this episode is a must-listen. Tune in now and discover how to ditch the hourly grind and build a thriving, value-focused cannabis accounting business.

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Ep. 136: Weathering the Storm: Navigating the Cannabis Downturn

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