Morem & Waller CPAs - Balancing the Books: Compliance in the Cannabis Industry

In our first episode of Grow Sessions, Season 4, we have the pleasure of speaking with Betsey Morem and Mark Waller, Co-Founders of Morem & Waller CPAs. Join us for an enlightening conversation that revolves around the vital role that accounting practices play in the ever-evolving cannabis industry, highlighting the importance of compliance for all cannabis businesses.As the industry continues to expand, it becomes increasingly important for businesses to adopt robust accounting practices.  Join us for an episode titled, "Balancing the Books: Compliance in the Cannabis Industry" as we delve deeper into this pivotal topic.Throughout this episode, we explore the significance of compliance, emphasizing the adherence to both local and federal regulations, and shed light on the 280E tax provision, among other noteworthy topics. Tune in now to gain a comprehensive understanding of why accounting practices and compliance are so important in the cannabis industry. Whether you're a business owner or an investor, this episode is packed with valuable insights and actionable strategies to ensure the success of your cannabis business.About Morem & Waller, CPAsBetsy Morem, CPA, co-founder and managing partner of Morem & Waller, CPAs, PLLC, enjoys helping small businesses and start-ups create, maintain, and improve their accounting systems. She partners with CEOs, founders, and interested parties in the cannabis industry to help them stay compliant, achieve world-class financial records and financial reporting, and provide tax planning, preparation, and filing. Betsy lives in Austin, MN with her husband, Zach, and two children, Joanna and Ellis.If you have any questions, you can reach Betsy Morem at  [email protected] Mark R. Waller, CPA, co-founder and managing partner of Morem & Waller, CPAs, PLLC, has 15+ years of experience working as a public accountant as well as a controller in the private sector. He partners with CEOs, founders, and interested parties in the cannabis industry to help them stay compliant, achieve world-class financial records and financial reporting, and provide tax planning, preparation, and filing. A graduate of the University of Minnesota-Twin Cities, Mark lives in Minneapolis with his wife, Brigitte, and two children, Malcolm and Coco.If you have any questions, you can reach Mark at [email protected] To learn more, please visit www.moremwaller.cpa.Thanks for listening. Be sure to subscribe to our podcast to receive upcoming episodes.