Armanino MattArmanino has launched a Cannabis Practice Group. The accounting firm said this month the move was in response to its growing number of clients in the cannabis industry.

 “We see a great opportunity to fill a gap in the market with specialized expertise for this emerging industry,”  Matt Armanino, the firm’s CEO, said in a prepared statement. “We saw opportunity to bring value to the cannabis industry through a variety of compliance, technology and strategy offerings to optimize operations and mitigate certain risks for cannabis companies.”

Armanino said it has expertise in serving cannabis cultivators, manufacturers and distributors enables it to help with common cannabis business problems, such as disallowance of expenses under IRS Section 280E. 

Besides offering core accounting services, the firm can also deploy systems integrations to work cohesively with cannabis-specific technologies, such as CannaBusiness, MJ Freeway and Strimo.

Last modified on Monday, 08 April 2019
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