Marcum LLP
Industries

Cannabis

 

Marcum has over 65 years of experience providing accounting and advisory services to thousands of companies in a broad array of industries. Marcum is one of the top 15 accounting and advisory firms in the country, providing services to a variety of clients from small local business to large international firms.

Marcum LLP's Cannabis Services Group provides the support, objectivity and expertise to businesses currently in the cannabis industry and to those who want to enter and succeed within this emerging industry. We offer a broad spectrum of accounting, financial, and consulting services to various industries from business involved in production of cannabis to businesses that support and service the cannabis industry. Our professionals provide services, which give investors, owners and ancillary businesses the insight they need to grow.

Marcum's Cannabis Services Group has established itself as an industry leader and has been recognized by various trade and professional organizations to possess subject matter expertise. In fact, members of our group serve in key management positions in various authoritative organizations within the cannabis industry.

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Contact one of Marcum's regional representatives.

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Why Choose Marcum?

We have a qualified team of professionals throughout the country including numerous key states where cannabis has or will become legal for both medical and/or recreational use.  Marcum's Cannabis Services Group professionals provide their clients with valuable accounting services including tax, assurance, financial, cash flow analysis, consulting and valuations services for your business.

These services extend to all related industries which support and service the cannabis industry. These industries include, but are not limited to: cannabis accessories, retailers, distributors, cannabis cultivation suppliers, cannabis cultivators, equipment, security, waste management, delivery service, insurance, hemp products and many more.

We offer a wide range of services that are individually tailored to meet your needs.

  • Business structure;
  • Assist in business capitalization utilizing private equity and hedge funds;
  • Business operations, including compliance and internal controls;
  • Tax services and planning under IRC Section 280E;
  • Audit and Assurance services;
  • Consulting services, including but not limited to preparation of cash flows, forecasts and projections;
  • Mergers and Acquisitions and Investigative Due Diligence;
  • Forensic and Litigation Services.

Top Tax & Accounting Issues

Entity Type - entity choices from a federal and state standpoint.

Inventory & Sales - proper accounting policies and procedures.

Accounting Systems - determination of classifications and allocations, detailed requirements to maximize allowable deductions.

Internal Control Structure - development of proper internal controls while keeping in mind efficiency and company structure.

Tax Planning for Business Expenses (IRC §280E) - separate businesses, maximizing cost of goods sold.

Legal and Operational Structure - choices to maximize flexibility and to comply with federal, state, and local laws, including licensing.

Cash Flow - best practices for handling cash from an accounting and tax perspective, including required IRS reporting.

Banking - establishing relationships with financial institutions able to transact business within the cannabis industry.

Administration of Taxes Other than Income Tax - sales taxes, excise taxes, cultivation taxes, etc.

Industry Differences - cultivation, manufacturing, distribution, retail/dispensary, other ancillary businesses.

Contacts

Select the region to view contacts.

James  Aspromonti, Partner, Assurance
Partner
Assurance
Melville, NY
NY

Anson  Augustine, Partner, Assurance
Partner
Assurance
New York, NY
NY

David C. Bukzin, Vice Chairman, Assurance
Vice Chairman
Assurance
New York, NY
NY

Jenny  Deloy, Office Managing Partner, Assurance
Office Managing Partner
Assurance
Chicago, IL
IL

Andrew  Kantor, Director, Tax & Business
Director
Tax & Business
New York, NY
NY

Lawrence P. Montgomery, Partner, Assurance
Partner
Assurance
Philadelphia, PA
PA

 
Jayson  Morgan, Partner, Tax & Business
Partner
Tax & Business
Irvine, CA
CA

Marni  Pankin, Partner, Alternative Investments, Assurance
Partner
Alternative Investments
Assurance
Melville, NY
NY

Steve  Rapattoni, Partner, Assurance
Partner
Assurance
Irvine, CA
CA

Daniel J. Roach, Partner, Assurance
Partner
Assurance
Boston, MA
MA

Gary B. Rosen, Partner, Advisory
Partner
Advisory
New York, NY
NY

 
 
 
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ABOUT MARCUM LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

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