The cannabis industry lacks viable software solutions. A lack of cannabis friendly software solutions have posed many challenges to accounting professionals, owners, operators, and investors. Without centralized software solutions that integrate and speak to one another, it makes it extremely difficult to build monthly, quarterly, and yearly reporting that are required at the state and federal level. These reports include required bank reporting, consolidated financials for investors and lenders, and others. Cannabis accountants often have to hire extra staff or work long hours to do the laborious work that software should be able to streamline. This cuts into their bottom line and the lucrative opportunity of the cannabis niche market.

Learning Objectives:

• A few software systems to keep an eye out for due to recent significant financial backing that could make them elite solutions in a few years.


• Workaround solutions including POS systems, Payroll solutions, reconciliation ideas and more. Plus, some operation solutions to address communication, data storage and project management needs.


• Working with state mandated software such as Metrc and the difficulty in matching them to the accounting that you have to cobble together from spreadsheets, software workarounds and good-old-fashioned ‘accounting-by-hand’.


• A few suggestions that may work for your chart of accounts based on what we have developed for cultivation, extract, edibles and retail as part of our cannabis accounting system.