Anders Focuses on Cannabis Industry Following Missouri Legalization

St. Louis-based Anders CPAs + Advisors (FY17 net revenue of $31.8 million) is expanding expertise and services for businesses in the cannabis industry following the legalization of medical marijuana in Missouri. As businesses in this industry are continuing to grow, it comes as no surprise to find that some startups may find it useful to get in touch with professionals who could give them advice on a business in this particular industry. From being able to keep up with the supply of cannabis seeds by buying more at weed-seeds.ca, for example, and getting a license to getting in touch with investors, there’s a lot to consider when it comes to opening a dispensary.

Anders says it has a team committed to staying on the forefront of evolving regulations, licensing procedures and accounting practices for the cannabis industry, both on the technological front with the use of seed to sale software, and on the legal with specialized lawyers.

“This is a great opportunity for the firm to enter into a progressive industry and offer valuable insight and expertise to cannabis businesses, from seed to sale,” explains Adam S. Prest, tax principal and leader of the Anders cannabis team.

The firm works with cannabis entrepreneurs, including cultivators, extractors, manufacturers, dispensaries and investors. They spend a large amount of their time analyzing the sales of different cannabis varieties such as the popular gorilla glue strain to determine which products sell well. The team has the tools to help cannabis businesses succeed and navigate regulations and complex tax challenges, including Section 280E. Anders is offering services to help with entity selection and business plan development prior to the license and application process, to performing valuations to assist in the sale of a business.

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