Primary Areas of Focus

1. Taxation – Local, State and Federal

Tax compliance is one of the most challenging aspects of running a cannabis business, but it doesn’t have to hold you back.  CannabisCPA.Tax specializes in:

• Tax Strategies: Developing tailored strategies to optimize your tax position and ensure compliance.
• Tax Planning: Proactively planning your finances to minimize tax liabilities and maximize profits.
• Tax Preparation: Preparing accurate tax returns with a focus on efficiency and compliance.
• Tax Audits: Representing your business and navigating the complexities of IRS, as well as state and local audits.

Bruce has extensive knowledge of key cannabis tax provisions, including IRC Section 280E (deductibility limitations) and IRC Section 471(c) (inventory management strategies).

2. CFO Services

Building a profitable and scalable cannabis business requires more than compliance; it requires financial leadership. Bruce offers comprehensive CFO services to help you plan your next move and achieve sustainable growth, including:

• Planning: Creating financial roadmaps to align with your business goals.
• Forecasting: Anticipating future financial needs and opportunities to stay ahead of the competition.
• Cash Management: Optimizing cash flow to ensure your business has the resources to grow and thrive.

A unique offering of the firm: “CFO on Call”, which provides cannabis executive clients with on-demand access to financial leadership, empowering you to make informed decisions and drive long-term success.

Industry Leadership

• Founding member of the National Association of Cannabis Accountants and Tax Professionals. As a core member, this organization as grown from 2019 of a dozen members to now, in 2025, a membership of over two hundred cannabis professionals serving all legal states.
• CalCPA Annual Cannabis Symposium: Panelist on local cannabis taxation with the head of tax policy for the State.
• National Cannabis Tax Presentations: Collaborated with the IRS National Office of Examination on cannabis taxation (2021 & 2023).

Professional Background

• Began my career in corporate finance at a large plastics manufacturer, then moving on to a become a controller and later the CFO of an aerospace manufacturing company.
• Founded his own accounting firm, providing tax, accounting, and consulting services across diverse industries in 1988.
• Launched CannabisCPA.Tax in 2018 to focus exclusively on the unique needs of cannabis businesses.
• Over 25 years as a QuickBooks ProAdvisor
• Author and presenter of cannabis topics with NBI
• Author and presenter of various accounting and tax topics for Intuit, K2 Enterprises, and Spidell Tax.
• Over twelve years of experience as instructor of accounting and finance at the University of Phoenix.

Education and Credentials

• M.S. in Taxation: Golden Gate University
• M.S. in Business Administration: Boston University
• MBA in Finance: California State University-Bakersfield
• B.S. in Industrial Administration: Iowa State University
• Licensed CPA: California, with privileges to practice in all 50 states