Whether you are a single licensed producer, multi‑state operator or provider of ancillary services, the cannabis industry is filled with challenges and opportunities.

The accounting options available to cannabis companies are limited, as many firms are not currently willing to work with this industry. As a result, businesses are often overcharged by advisors who underdeliver.

With our extensive experience supporting cannabis business clients, our experts are uniquely positioned to address your needs. Working with us, you can expect customized, practical solutions and personalized attention ⁠–⁠ backed by our proven track record of service excellence.

Our services

When a client’s firm is listed, we serve as their auditor, providing a broad range of audit and assurance services. As part of this process, our tax experts get involved to help navigate complex tax provisions, which is particularly important given the number of cannabis businesses working in multiple jurisdictions with varied tax laws.

Our valuations professionals also support the audit process. Given our prominent role serving businesses in the cannabis industry, they are in an ideal position to facilitate introductions with like‑minded companies, which can pave the way for mergers and acquisitions.

In addition to our core services, we help cannabis businesses with corporate finance, compliance and their other accounting or business advisory needs. We also work with our IT partners to help determine what accounting software packages are most relevant to your business, allowing for maximum efficiency and automation.

Cross‑border expertise

In working with the cannabis industry, Baker Tilly is particularly experienced with cross‑border work.

Struggling with many of the regulatory limitations of some U.S. jurisdictions, many American companies come to Canada and get listed on the Canadian stock exchange. However, if you’re a U.S. cannabis company operating in Canada, there is significant risk if you do not understand the complexities of this market.

Fortunately, you can mitigate this risk by tapping into our wealth of knowledge and experience. We recognize disclosure deficiencies and help you avoid penalties. We also understand the compliance requirements ⁠–⁠ which vary by province ⁠–⁠ U.S. companies face in Canada and help with the important challenge of establishing banking relationships.

Whether your cannabis business is domestic or cross‑border, our value‑driven approach and breadth of service offerings will ensure you maximize your growth in more ways than one.

Contact your Baker Tilly advisor today for more information.