The Morem & Waller, CPA team is excited to join Lucky Leaf again to help Minnesota in this exciting time. Minneapolis Convention CenterFebruary 28 – March 1, 2025Friday 10AM – 5PM, Saturday, 10AM – 4PM Thursday Pre-Show Crash Course: Morem & Waller CPAs along with some of our favorite partners will be part of this […]
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On December 12, 2024, the IRS released a statement highlighting its continued efforts to ensure tax compliance, especially for businesses with complex returns. One key focus is Section 280E, a tax rule that presents unique challenges for cannabis businesses. If you’re in this industry, this is important news to understand! With the IRS actively reviewing […]
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As year-end approaches, it’s crucial for cannabis or wellness businesses to get their financials in order. In this webinar, Morem & Waller CPAs guides you through the essential year-end accounting tasks that cannabis operators must prioritize. From inventory counts to planning for tax season, we’ll cover the checklists and important dates that will keep your […]
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As a small business owner in the cannabis space or in the health and wellness space, avoiding financial mistakes is key to your success. At Morem & Waller, CPAs, we’ve worked with countless entrepreneurs and understand the challenges of managing business accounting effectively. Avoiding these three common pitfalls can save you time, money, and stress […]
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Are you looking to streamline your cannabis retail operations and drive revenue growth? Watch a recap of our webinar featuring the expert team from Gas Station Dispensary Cannabis Retail Consulting, including CEO Dove Sharp, COO JD Sharp, and CFO Tucker Sharp. This dynamic team brings hands-on experience from the cannabis industry to help you implement […]
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Have you ever wondered whether you should choose a CPA firm vs non-CPA accountants for your financial needs? Or have you ever used the term “accountant”, “bookkeeper”, and “CPA” interchangeably? Did you know that all three terms mean very different things? When it comes to managing your finances, whether it’s for personal or business purposes, […]
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Morem & Waller CPA and Point Seven Group (Point7) are excited to announce a strategic collaboration to support cannabis businesses in Minnesota. By combining our expertise, we offer a comprehensive suite of services to help your business launch — and thrive. Visit Morem & Waller CPAs and Point Seven Group (Point7) at CannaCon St. Paul […]
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Join Morem & Waller CPAs and special guest Cory Lake of Lake Insurance for this webinar recording designed to educate cannabis businesses in Minnesota on critical insurance requirements and strategies. Learn about the necessary insurance policies for those applying for or currently holding a cannabis license, and understand how to safeguard your business from unique […]
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We’ll have team members at two booths during Lucky Leaf. Find our wilderness booth at #619 and we’ll be supporting the Minnesota Women’s Cannabis Collective (MNWCC) Booth (#305). Minnesota Women’s Cannabis Collective (MNWCC) serves as a platform for female entrepreneurs in the cannabis industry, connecting women together and offering them access to event opportunities that […]
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The majority of Americans now live in a state that has legalized cannabis, and whispers of rescheduling at the federal level have been swirling. But what does this mean for the cannabis community and how can you drive the narrative? Join us for this timely webinar in the lead up to the Last Prisoner Project’s […]
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Did you know the Michigan Cannabis Regulatory Agency (CRA) issued a staggering 289 violations to license holders in 2023 alone? With an average of 24 violations per month, it’s crucial to equip yourself with the right tools to navigate this regulatory minefield. Join us as we dissect Michigan’s cannabis compliance landscape in our exclusive webinar, “Mastering Michigan’s Violation […]
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Betsy Morem and Mark Waller joined our colleague Tony Pavlakis of TSRGrow on their podcast for the first episode of Grow Sessions, Season 4. In an episode titled “Balancing the Books: Compliance in the Cannabis Industry,” they shared their expert insights on the crucial role of accounting practices in the rapidly evolving cannabis sector. The […]
Read More One thing we get many questions about from our cannabis clients is: what is the best way for me to save money on my cannabis business taxes? Following up on our Navigating Minnesota’s Cannabis Industry webinar we did with our wonderful friends from Blunt Strategies, Point Seven Group, Budding Operations, and Happy Gnome HR, I’ve […]
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Morem & Waller, CPAs joined Jen Reise from North Star Law to discuss the ins and outs of creative capital-raising strategies within the burgeoning cannabis industry. With legalization spreading rapidly across various regions, opportunities for growth are abundant, but navigating the complex landscape of financing can be challenging. In this webinar, Jen Reise shares her […]
Read More We’re excited to announce we’re opening up a dedicated hour for our CPA Tax Prep Office Hours weekly on Fridays. We understand that tax season can be overwhelming, and sometimes questions arise when you least expect them. That’s why we’re here to offer you an extra opportunity for support and guidance. Every Friday from 1:00-2:00pm […]
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Navigating Minnesota’s Cannabis Industry – Regulations, Application Process, and Operational Considerations Join Morem & Waller, CPAs and four other industry leaders in this exclusive webinar that provided a comprehensive guide on stepping into Minnesota’s nascent cannabis market. Collaborating with Blunt Strategies, Point 7, Budding Operations, and Happy Gnome HR, this session promises invaluable expertise and […]
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Our team will be in Las Vegas for the 2023 MJBizcon conference. We will be attending the following events and encourage you to reach out to set up a time to meet! Blunt Brunch Vegas: Blunt Brunch Vegas will bring together over 400 powerful women in the cannabis industry for an unforgettable afternoon of networking, […]
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During this insightful presentation on establishing and managing a successful cannabis business, the leaders of Morem & Waller will help you navigate the green maze by exploring the key areas of audits, valuations, banking challenges, and the impact of 280(e). Attendees will leave equipped with essential knowledge and practical strategies for success in the cannabis […]
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Throughout the year, we often get questions from people who are either opening a Cannabis business or have opened one and still have some questions and concerns about what they have going on. Here are our answers to each of those pressing questions that we constantly get! 1. What is 280E? Why should I care […]
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We have some exciting news to share! From over 3,000 nominations, Morem & Waller, CPAs has been selected as a top nominee for “Accounting Firm of the Year” for the inaugural @TheEmjays International awards show and after party coming this November 30, 2023 during MJBizcon week in Las Vegas! Voting is now closed and we […]
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One of our favorite things to do is listen to podcasts. One of our second most favorite things to do is appear on podcasts! Betsy and I were excited to join the excellent KayaCast podcast that we recorded back in April 2023. Take a peek and listen up! Some of the key information we covered […]
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The cannabis world has been abuzz over the recommendation from Health & Human Services to reschedule cannabis from Schedule I to Schedule III. Will this be a good thing? Well, as I am fond of saying, “It depends”. Many people argue that incremental progress is better than no progress. I’m not so sure. The current […]
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As a new cannabis business, you face unique challenges and opportunities. At Morem and Waller CPAs, we understand these challenges, and we have the solution for you: an accounting operational checklist. This tool can help you in three key ways: Start your journey to become and remain compliant with ease using our new Operational Checklist. […]
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Starting a new business can be overwhelming, especially when it comes to accounting and compliance best practices. One crucial practice that every business owner should implement is segregation of duties (SOD). SOD is a fundamental technique used to reduce risk in nearly all aspects of your business, and it should be used when delegating responsibilities […]
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Download our FREE Operational Checklist here. Happy 4/20, Minnesota! With Minnesota set to join the growing number of states legalizing cannabis for both medical and recreational use, it is important to know how to get and stay prepared for the changes ahead. Being a Minnesota-based CPA firm, we are absolutely thrilled about the opportunities that […]
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As a dispensary owner, you understand the importance of running a successful and profitable cannabis business. However, there are common mistakes that even the most experienced business owners can make. Working with a cannabis certified public accountant (CPA) can help you avoid these pitfalls and set your business up for long-term success.
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In this episode of the Cannabis Accounting Podcast, Mark and Betsy discussed common bookkeeping blunders, show us how to fix (& avoid) them, and share tips on how to get your clients–and you–set up for success, right from the start. We discussed ever-important aspects of the work, from demonstrating value as a Cannabis accounting professional, […]
Read More While IRS code 280E is extremely important to be aware of, there are a number of other areas that Cannabis business owners should look at. As a Cannabis CEO, you know a lot about running your business, marketing your business, and making money. What should not be lost, however, is the importance of a world-class […]
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Now that you’ve got your Chart of Accounts selected and up and running, it’s time to tackle that beast of a compliance issue – 280e. Your Cannabis Accounting deserves the same attention you give the rest of your business. Remembering Those Webinars and Laws It’s not like you haven’t prepared for it. You’ve probably attended […]
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So you’re a Cannabis business owner, having acquired your license, gotten your business all set, all your branding and products just so. You have a Cannabis Accounting system set up and started to make some entries, and think they might be right. You keep hearing about audits, whether they are IRS audits, financial statement audits […]
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