Everything Cannabis Operators Need to Know About Outsourcing 

Presented by Bridge West CPAs & Advisors to the Cannabis Industry

Wednesday, September 21, 2022 at 12:00 pm – 1:00 pm Mountain Time

As your cannabis organization grows and evolves, you need flexible accounting services that evolve with you, keep you at the forefront of industry changes, and ahead of challenges. Outsourced accounting services may be the right fit for your organization and help take your processes to the next level. In this informative webinar, our industry experts will present everything that cannabis operators need to know about outsourced accounting services.  

Key take-aways attendees will learn from our industry experts:

• Determine if outsourced accounting services would benefit your dispensary.
• Learn about the benefits of outsourcing for cannabis dispensaries.
• Understand the assessment process for cannabis businesses.
• Learn about the team members and processes necessary to operate a top accounting department.
• Discover what technology resources are available, which are cannabis-friendly, and which are recommended.
• Hear real-world outsourcing accounting examples, best practices, and learn how successful operators address industry challenges.
• Attendees can submit questions during the registration process, and during the live webinar. 

Speakers:

Peter Prevot, CPA, CIA – Chief Operating Officer of Bridge West Consulting: Peter dedicated his career to the cannabis industry in 2014. Peter helps cannabis clients increase profitability, retain more of the bottom line for business growth, and comply with laws and regulations as operations expand. His core professional competencies include regulatory analysis, license procurement, management consulting, corporate governance, strategy, accounting information systems, banking regulations, governmental relations, and internal controls. Peter previously held board positions with the Louisiana Cannabis Association and the Pointe Coupee Enrichment Fund. He currently serves on the Board of Directors for the Upbeat Academy Foundation and the Veterans Alliance for Holistic Alternatives. Peter is also the Founder and Executive Director of the Louisiana Association for Therapeutic Alternatives.

Aaron Stolz, CPA – Senior Accountant with Bridge West CPAs & Advisors: Aaron has concentrated on the retail cannabis space and focused on cannabis industry issues since 2014. In 2017, he earned a Master of Accountancy degree, and his background includes experience with every aspect of the industry’s administrative needs. Aaron served as an Office Manager, a Cost Accountant, and a CFO prior to joining Bridge West as a Senior Accountant.

Patty Williams, CPA – Outsourced Controller/CFO with Bridge West CPAs & Advisors: Patty Williams is the Outsourced Controller/CFO for Bridge West CPAs. She has been licensed as a Certified Public Accountant since 2014. Patty started working as a fractional CFO and Controller for cannabis clients in 2017. Over the past five years, she has worked with licensed cannabis operators of all sizes to bring an exceptional level of consistency and standardization to the constantly evolving landscape of cannabis finance. Her engagements focus on minimizing the impact of IRS 280E, cash management, cost accounting, financial statement preparation and internal controls over financial reporting.

Background:

Bridge West CPAs & Advisors serves more than 600 cannabis operators nationwide and has specialized in the cannabis industry since 2009. 

Bridge West’s Cannabis Accounting Services Group provides cannabis businesses with customized services, whether you’re a startup with limited resources and no accounting and bookkeeping staff, or an established cannabis business with an internal accounting team.  For more than a decade, we’ve worked with cannabis cultivators, processors, transporters, dispensaries, management, and intellectual companies.

If you’ve reached the point where it would be beneficial to have an in-house accounting staff, we can seamlessly transfer the day-to-day responsibilities to your team and provide more advanced Controller or CFO consulting services. Based on our in-depth knowledge of the cannabis industry, our Cannabis Accounting Services Group guides cannabis organizations through accounting issues and industry challenges.  We have developed standard chart of accounts, methods to minimize 280E, properly account for inventory, and develop Key Performance Indicators.  Our experienced team of professionals has the expertise and resources to meet your specific needs.