Patrick Fahey, CPA - Grassi

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The “Top 200 Cannabis Accountants” is a professional directory developed to identify and highlight specialized financial experts serving the legal cannabis, hemp, and CBD industries

Selection Criteria

To be included in the directory, individuals and teams undergo a research process that evaluates: 

• Industry Experience: How long they have worked specifically with cannabis businesses.
• Client History: The types of clients and vertical sectors (e.g., cultivation, retail) they have serviced.
• Thought Leadership: Contributions to industry knowledge through articles, conference participation, and involvement with cannabis-related associations

Why These Specialists Are Required

Cannabis accounting is significantly more complex than traditional accounting due to: 

1. IRC Section 280E: Managing books to maximize tax savings despite the inability to deduct standard operating expenses.
2. Compliance: Ensuring financial records meet rigorous state-specific tracking and reporting laws.
3. Audit Readiness: Providing the specialized documentation necessary to withstand high-scrutiny IRS or state audits