We’re Nominated for International Accounting Firm of the Year at the Emjays!

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! How you can vote:We ask for your support by voting for...

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KayaCast: The Power of Good Bookkeeping to Audit-Proof Your Dispensary

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 in this episode is below....

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A legal cannabis farm that may be impacted by the potential rescheduling of Cannabis from Schedule I to Schedule III.

Schedule III – Squinting Through the Haze of Rescheduling

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 presidential administration fiercely advocated on...

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Why an Accounting Operational Checklist is a Must for New Cannabis Businesses

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: Don’t let complicated accounting processes hold your business back. Contact Morem and Waller CPAs today to learn more about how...

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The importance of multiple people filling different roles in the accounting team cannot be overstated.

Auditor Corner: The Importance of Segregation of Duties (SOD)

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 to yourself and your employees. ...

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A sign in the shape of the state of Minnesota glows in front of a beautiful morning sunrise on a prairie in greater Minnesota.

Preparing for legal cannabis in Minnesota

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 lie ahead for this state....

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Top 5 Common Mistakes Cannabis Business Owners Make (And How a Cannabis Certified Public Accountant Can Help Avoid Them)

Top 5 Common Mistakes Cannabis Business Owners Make

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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Morem & Waller, CPAs on DOPE CFO Podcast

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, to the cleanup process, properly...

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IRS Code 280E and More – Top Five Reasons to have World-Class Cannabis Accounting

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 Financial Planning & Analysis department...

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Cannabis Accounting and 280e Tax Code

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 a lot of webinars about...

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