DOPE CFO Certified Advisor

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DOPE CFO Certified Advisor Providing world-class CFO, accounting, tax, and financial services to Cannapreneurs and investors.

After a six year tenure as an Internal Revenue Agent within the Special Enforcement Program at the Internal Revenue Service, Daniel spent the last decade applying his financial accounting and business acumen in numerous highly-regulated & politically-charged spaces. His expertise spans multiple industries including environmental, political, professional services, healthcare, and social advocacy. A

s an experienced CPA and CFO, Daniel has driven immense value for his clients providing executive presence and leadership to implement scalable systems, streamline business, and optimize financial operations. Daniel’s passion for social justice along with his firsthand experience with the positive impact cannabis and psychedelics can have on individual health and mental wellness lead him to form his accounting and business advisory practice to both support and drive sustainability in cannabis. As an Owner/Franchisee of Dope CFO Certified Advisors, a national accounting firm solely focused on the Cannabis Industry, Daniel partners with Canna-preneurs, owners and investors to grow canna-businesses and shatter clients’ expectations from seed to success.

It could be the agency's biggest policy change in 50 years! The new rule would recognize the medical uses of ma*****na &...
30/04/2024

It could be the agency's biggest policy change in 50 years! The new rule would recognize the medical uses of ma*****na & that it has less potential for abuse than other drugs, reclassifying it as a Schedule III drug.

*****nanews *****namovement *****na

DOPE CFO leading the industry and nation in Cannabis Accounting, Compliance, Finance, and CFO services.
15/08/2023

DOPE CFO leading the industry and nation in Cannabis Accounting, Compliance, Finance, and CFO services.

Note the headline states "purported", because 26 U.S. Code § 471 is specific in the methodology by which businesses must...
03/08/2023

Note the headline states "purported", because 26 U.S. Code § 471 is specific in the methodology by which businesses must account for its COGS, was passed after Code § 280E, and in January 2021 the IRS passed another regulation stating that anyone subject to 280E can't use 471(c) to reduce the impact of 280E. Thus, there is no loophole. It is the law. If you are being told otherwise, you are being misguided and putting yourself, your business, and your wealth at substantial risk.

Find a trusted advisor in a DOPE CFO Certified Advisor to help you protect your business by getting your accounting accurate, GAAP compliant, and audit ready from seed through tax return.

Read more from MJBiz : https://mjbizdaily.com/small-ma*****na-businesses-take-advantage-of-purported-280e-loophole/

A top investor concern is correct accounting and taxes. Investors don't want to risk fines or penalties, putting a focus...
31/07/2023

A top investor concern is correct accounting and taxes.

Investors don't want to risk fines or penalties, putting a focus on business they trust will make compliance a top priority. Correct accounting, tax prep and reporting in the cannabis industry requires proper operational setup and processes.

Over 90% of U.S. military veterans who use medical ma*****na say that it improves their quality of life, with many using...
31/07/2023

Over 90% of U.S. military veterans who use medical ma*****na say that it improves their quality of life, with many using cannabis as an alternative to over-the-counter and prescription medicines.

A recent bill approved by the House of Representatives included amendments that will allow doctors to issue recommendations to veterans and encourage research into the therapeutic potential of psychedelics.

More here: https://www.ma*****namoment.net/bipartisan-lawmakers-celebrate-house-passage-of-veterans-medical-ma*****na-access-and-psychedelics-research-provisions/

It's important to be a in a new and constantly evolving industry. Can't wait to put my learnings from The Illinois Can...
31/07/2023

It's important to be a in a new and constantly evolving industry. Can't wait to put my learnings from The Illinois Cannabis Convention to help drive my clients from seed to success!

NECANN has been expanding market opportunities for cannabis businesses, entrepreneurs, and consumers since 2014.

According to data published in the journal Health Economics, the enactment of statewide adult-use ma*****na legalization...
31/07/2023

According to data published in the journal Health Economics, the enactment of statewide adult-use ma*****na legalization laws is associated with a decline in overall mental health treatment admissions.

My own journey into the cannabis business was driven by my firsthand experience with the positive impact cannabis and psychedelics can have on individual health and mental wellness.

Learn more from NORML : https://norml.org/news/2023/07/20/analysis-mental-health-treatment-admissions-fall-in-states-following-ma*****na-legalization/

There are two tax codes that are imperative for every cannabis business: 280E and IRC 471.🌱 280E prohibits cannabis comp...
31/07/2023

There are two tax codes that are imperative for every cannabis business: 280E and IRC 471.

🌱 280E prohibits cannabis companies from deducting business expenses.
🌱 IRC 471 classifies which costs can go into inventory [and what cannot be allocated as an inventoriable expense]. If done correctly, you can help lower your taxable income!

I've spent my career in highly regulated & politically-charged industries and intend to bring that expertise to my cannabis clients.

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10 Huntington Avenue

02116

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