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Cannabis Accounting
Fractional CFO and Accounting Services for Wellness, Medspa, and Cannabis Companies

Get creative, holistic, and flexible accounting solutions tailored to your business.

Betsy Morem and Mark R. Waller standing outdoors, both smiling, with trees in the background.

How We Work at Morem & Waller, CPAs

It takes a village to build an unshakable foundation for your business.

That’s why our wellness, medspa, and cannabis accounting firm seamlessly blends licensed CPA expertise with essential financial support. Together, they set you up for continued growth and success. Our holistic approach makes us a leading wellness accounting firm in the Twin Cities, Minnesota, and across the U.S. We offer fractional CFO, controller, and bookkeeping services alongside tax preparation and planning, all under one roof — you won’t need to build your own team.

Our firm’s values are based on three principles

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Reputation

We are legally required to adhere to strict professional standards and ethics.

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Relationships

Our specialized knowledge and resources can help you save money and make better financial decisions.

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Responsibility

We stay up to date on the latest techniques and trends through continuing education.

Services offered by Morem & Waller, CPAs

Fractional CFO Services

Your Fractional chief financial officer (CFO) is more than just an advisor. They charter the course of your business with longevity top of mind, seamlessly working with your staff and board of directors as they shore up your company for years of continued growth. Best of all, a Fractional CFO comes at a fraction of the cost of hiring an in-house professional. Fractional CFO services include:

  • Strategic financial oversight and long-term financial strategy
  • Budget creation, analysis, and fine-tuning
  • Financial statement forecasting by quarter or year
  • Financial statement presentations
  • Cash flow forecasting

Controller Services

Controllers organize and oversee your business’s financial operations and ensure all transactions run smoothly. They’re also vital for validating everything that your bookkeeping team has completed — just like a newspaper editor fact-checks and reviews articles for accuracy. Controller services include:

  • Ongoing month-end close processes throughout the year
  • Internal control handbook and enforcement for fraud prevention
  • Financial compliance, including section 280E compliance
  • Financial reporting
  • Accounting software setup, including cost of goods sold (COGS) tracking

Tax Services

The knowledgeable and licensed team at Morem & Waller, CPAs understands the critical ins and outs of accounting for cannabis, medspa, and wellness businesses. We ensure your business is in compliance with federal, state, and local tax laws, including all essential tax services like:

  • Tax preparation
  • Tax planning
  • Tax compliance
  • Tax filing

Bookkeeping Services

Client advisory services (CAS) like bookkeeping are the engine that keep your business running. Bookkeeping services include:

  • Documentation
  • Sales tax filing
  • Accounts payable management
  • Accounts receivable management
  • Tracking business expenses

Accounting services packages

Layers of guided protection to help your business grow
Bronze
Businesses that are very comfortable with their accounting functions but need an extra set of eyes ensuring compliance
Silver
Businesses that have a bookkeeper but still need a support team to handle controller and compliance services
Gold
Businesses that want the entire accounting and finance function handled
Fractional CFO
  • Financial Statement Presentations
  • Financial Statement Budgeting & Forecasting
  • Cash Flow Forecasting
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Tax
  • Tax Preparation
  • Tax Planning
  • Tax Compliance
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Controller
  • Internal Control Handbook & Enforcement
  • Financial Compliance (280e)
  • Financial Reporting
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Bookkeeping
  • Documentation
  • Sales Tax Filing
  • Accounts Payable / Bill Pay & Receivable Management
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How can Morem & Waller help your business?

Whether you’re a wellness solopreneur or you own a rapidly growing medspa, we’re here for you. At Morem & Waller, one of our core beliefs is that all businesses of all maturity levels need unshakeable financial foundations shaped by fractional CFOs and built on trusted financial principles. Our vision has led cannabis, medspa, and other wellness businesses across the U.S. to partner with us for their financial past, present, and future.

If any of the below businesses sound like yours, then you’re ready to work with us.

New Business

New businesses

My business is brand new or my company is launching in a newly legal state. I know I need the best accounting services from licensed CPAs — along with industry-leading fractional CFO and client advisory services like payroll — to build the strongest possible foundation.

New Businesses Start Here
Scaling Business

Scaling businesses

My cannabis, wellness, or medspa business has been around for a bit, and we’re growing quickly. The right time for formal accounting work was yesterday, but since there are no time machines (yet), today is the next-best day to start. We need a firm that can guide us, offer trusted advice, and make sound recommendations as we look to the future.

Scaling Businesses Start Here
Maturing Business

Maturing businesses

My business has been operating for quite some time, and we’re ready to enter a new stage. We’ve worked with financial professionals before, but we’re searching for a new licensed CPA who has demonstrable experience taking businesses in emerging markets — specifically our industry, in our state — to new heights.

Maturing Businesses Start Here

Become a strategic partner of
Morem & Waller, CPAs

We are proud to partner with leading service providers, professional associations, and community
organizations in our industry who are dedicated to uplifting and advancing the cannabis plant.

Parabola Center

This nonprofit think tank provides everyone with the education, access, and experience they need to support small businesses in cannabis.

Learn How to Join Our Network
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Morem & Waller, CPAs
fits your workflow

At Morem & Waller, CPAs, our flexible teams work with your preferred platforms, from Google Drive to QBO to Slack. Our main focus is to work with you, so there’s no need to switch systems or integrate new tools. We meet you where you are and optimize our processes to fit your needs.

Learn how We Work

Morem & Waller, CPAs is proud to be a partner of Xero Accounting Software

Xero is an online accounting program that is easy to use and will give you all the tools you need to run your business.

Cloud accounting is revolutionizing the way businesses do business. Intuitively designed and easy to use, it's a straightforward way to manage your business. Quite simply, cloud computing is the offering of applications and services over the internet, on-demand, as if it were installed locally. You can find out more at www.xero.com.

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Wellness Industries Supported By Morem & Waller

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Cannabis

We bring years of experience to the table in multiple cannabis markets, including New York, New Jersey, and Missouri. Our passion for cannabis is rooted in our direct involvement with the cannabis communities of Oklahoma, Montana, Massachusetts, Vermont, and our very own Minnesota.

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Medspas

Our co-founder and managing partner Betsy Morem is also the partial owner of a medspa in Austin, MN. We bring this hands-on medspa experience to the table, leveraging a unique perspective to provide fractional CFO services of unmatched quality.

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Salons

Through our firsthand experience with medspa ownership, we’ve built up a repository of knowledge about finance management for spas, salons, and gyms of all kinds.

Learn more

New businesses, get started with Morem & Waller, CPAs today

It’s time to get growing.

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