Ep. 132: The Ins & Outs of Categorizing Inventory for Cannabis Companies

The Cannabis Accounting Podcast

Are you navigating the complexities of Cannabis inventory accounting?

Properly handling your clients' inventory is critical in this rapidly growing industry — one error can mean the difference between adding value or harming a business’ bottom line. Tune into our next episode where we'll cover all the critical processes and best practices accountants need to utilize..

We’ll dive deep into the essential elements required for effective inventory accounting and discuss the seed to sale process, Internal Revenue Code 471, and introduce important practices to set yourself apart in this niche.

You’ll learn about cost accounting tools and processes, tackle specifics for delivery and lab subniches, and understand the art of cost determination, including how to discern fixed versus variable costs.

This episode offers accountants a great opportunity to sharpen their skills and gain vital insights, enabling them to provide exceptional value and drive the success of their Cannabis business clients.

Tune in!