AFS Non-Compliance

Upcoming Webinar - Cannabis Insurance for the Minnesota Market

Upcoming Webinar: Protecting Your Cannabis Business – Insurance Must-Knows for Minnesota Entrepreneurs

Join Morem & Waller CPAs and special guest Cory Lake of Lake Insurance for a comprehensive webinar 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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Webinar Recap - Join Gwen Dougherty of Florea Procurement explain how to simplify the procurement process for the Cannabis Industry

Webinar Recap: Simplifying Procurement

Simplifying Procurement: Save money while getting the best products for your business Do you wish there was a way to save money on your everyday business purchases? Watch this video from Florea Procurement and Morem & Waller CPAs for a straightforward procurement overview that will help you understand how smart purchasing can save you money […]

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Morem & Waller at Lucky Leaf Minnesota

Lucky Leaf Minneapolis – Recap

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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420 Unity Day of Action - Cannabis Reform Webinar

Webinar Recap: Be Part of the Change – How to Influence Cannabis Reform and Why it Matters

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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Webinar Recap - Mastering Michigan's cannabis violation process with Mark Waller of Morem & Waller CPAs and Aly Piscatelli or Budding Operations

Mastering Michigan’s Violation Process: A Guide to Avoiding Top Offenses

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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Balancing the Books: Compliance in the Cannabis Industry

Balancing the Books: Compliance in the Cannabis Industry

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 […]

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Cannabis Business C Corp Election

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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Creative Capital Raising in the Minnesota Cannabis Industry with Mark Waller of Morem & Waller CPAs and Jen Reise of North Star Law Group

Creative Capital-Raising in the Cannabis Industry

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 […]

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📢 Introducing CPA Tax Prep Office Hours on Fridays!

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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Watch the recording from our recent webinar on navigating minnesota's cannabis industry with Morem and Waller CPAs

Navigating Minnesota’s Cannabis Industry

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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Find us at MJBizcon for Cannabis Week

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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State by State Guide for Cannabis Compliance and Accounting

State by State Guide

See below to get state-specific Cannabis accounting expertise Illinois: MAINE Massachusetts MICHIGAN MINNESOTA Montana New Jersey New Mexico New York Oklahoma Rhode Island Vermont

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Mark Waller, CPA Betsy Morem, CPA

Webinar: Charting a Course to Financial Excellence

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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Top Five Questions Cannabis Business Owners Ask

Top Five Questions from Cannabis Business Owners

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

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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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 […]

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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 […]

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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: Start your journey to become and remain compliant with ease using our new Operational Checklist. […]

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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 […]

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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 […]

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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, […]

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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 […]

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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 […]

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MacBook Pro near white open book

Cannabis Accounting – Choose Your Own Adventure

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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