Cannabis CFO PDF-converted

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Presentation Description

Cannabis is a managed substance, so cannabis CFO has to perform the duties keeping in view the very peculiarities of this business the compliances and required documentation.

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Presentation Transcript

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Cannabis CFO-A person on a mission A chief financial officer is responsible for overseeing the economic activities of an entire company. He analyses the company’s financial strengths and weaknesses and accordingly does financial planning and monitoring. He is the treasurer and controller and ensures compliance about financial reports. Cannabis CFO Cannabis is a regulated substance so cannabis CFO has to perform the duties keeping in view the very peculiarities of this business the

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compliances and required documentation. He performs the following duties • He understands indigenous financial workings and does financial planning and allocates funds. • He looks after the management of financial risks as well as cash flow budgeting and rolling forecasts. • He performs ROI analysis and monitors key performance indicators. Besides above duties he oversees followings in consultation with accountants • He does tax planning and preparation for saving taxes within limits of IRC 280E. • He checks whether the books of accounts are maintained in line with GAAP to allocate and maximize deductions. • He enables representation for IRS cannabis audit with meticulous records of cash transactions. • A cannabis CFO • Has a fundamental role in development. • Is a critique of strategic choices. • Is a critical person in stakeholder education and communication. • Is a Part of governance and management. • Develops commercial insight and thinks out of the box. • Develops a strong team