Gain financial expertise, business leadership, strategic guidance, and tailored solutions to optimize your operations.
From detailed financial and management reporting to insightful advisory services, we offer a comprehensive approach to propel your cannabis business towards greater success. Partner with us to drive innovation, efficiency, and growth in your industry.
Welcome to
CannaFinancial Edge
Navigating the complex financial requirements of the cannabis and CBD/hemp industry can be challenging. Understanding financial regulations in this space such as 280E and 471 are challenging. Other regulations are always changing, and staying compliant is essential for your company’s long-term vision and goals.
As a business owner, you may not understand the financial constraints or be a CFO, that’s where CannaFinancialEdge steps in.
Deeply experienced, seasoned Fractional CFO and business advisor, Andrew Tucker, will take a holistic dive into your financial health to identify any gaps. Not only does his team provide practical solutions and clear financial reports but he also offers expert tailored accounting practices and customized advice.
Explore CannaFinancial Edge — we ensure that our clients receive the highest level of service and support.
Meet Andrew Tucker
My mission and purpose is to utilize my expertise, knowledge and education to help owners within the cannabis industry develop solutions to the challenges and barriers that they may encounter so that they can have a successful and prosperous business.
As a seasoned professional with over 30 years of experience in finance, accounting, and management across diverse sectors, I founded AETucker Consulting and CannaFinancialEdge to serve owners of privately held companies. Based in Charlotte, NC, I specialize in providing Fractional CFO and Business Advisory services.
Qualifications at a Glance:
- Certified Public Accountant (CPA) licensed in North Carolina (no tax work or audits).
- Dope CFO VIP Member
- Expertise in financial analysis, budgeting, credit management, and vendor relations.
- Proficient in Microsoft Office, QuickBooks, Microsoft Dynamics, and security protocols.
- Operational strategist adept at creating & managing workflows, policies, and multiple locations.
- Strong leadership abilities, from hiring to benefits administration.
- Guiding Principle: Effective cash flow management is paramount—profitability matters, but liquidity sustains a business.
Dope CFO Green Badge Holders, who have been part of the program for over 90 days, gain exclusive entry to a wealth of VIP resources for proficiently managing Cannabis and CBD/Hemp Accounting and Tax obligations. This elite group enjoys unparalleled access to top-notch knowledge, educational materials, specialized tools, meticulous workpapers, and advanced systems designed to streamline and ensure accurate financial operations in the industry. Moreover, members are seamlessly integrated into a high-caliber network comprising Cannabis and CBD/Hemp experts such as CPAs, EAs, Attorneys, CFOs, MBAs, and Bookkeepers, fostering collaboration and knowledge-sharing opportunities at the forefront of the sector.
CannaFinancialEdge’s Strategic Offerings
Scope of Services
Andrew Tucker, Principal of CannaFinancial Edge, provides a comprehensive suite of services tailored to your growth and entrepreneurial goals. From structuring decisions to business strategies, his expertise and cannabis industry resources will guide you through the intricate financial and regulatory landscape.
As of October 2024, 40 U.S. states and the District of Columbia have embraced medical cannabis, while 24 states and the District of Columbia allow recreational cannabis for adults. However, as of April 2024, federal law still classifies cannabis as a Schedule I substance (in the same category as Heroin and Ecstasy), creating a legal puzzle for the cannabis industry to solve.
CannaFinancialEdge will monitor legal outcomes, working with you to keep your cannabusiness compliant. Let us help you with your compliance journey and unlock growth potential. Here’s how we help:
Improve Operations Across the Organization
We understand the nuances of the cannabis landscape. We will provide a holistic approach to financial health and efficient operations, covering accounting, tax, cash management, revenue improvement, and risk management. We will take recordkeeping to a new level and work with you to develop processes and procedures to help ensure fewer compliance and operational issues.
Maximize Value and Safeguard Assets
We will work with you to build robust systems to protect your business assets and enhance overall value. Expect real tools for cash flow optimization, ROI on expenses, and insightful analytics for future decision making. Your tax advisor will be on speed dial, we will work very closely with them on tax advice, planning and strategies.
Navigate Regulatory Risks
Compliance matters are critical to your business operations. It can feel overwhelming to understand the evolving laws and how they impact your business. Surviving an IRS or state regulatory audit or shielding against investor lawsuits has immense value. We are here as your trusted advisors.
Gain Solid Cash Forecasting Tools
Our real time cash forecasts empower proactive decision making as we can anticipate cash needs, manage liquidity, and seize opportunities. Offering timely financial insights month after month, we deliver solid financials, dashboards, and forward looking forecasts so business owners can make informed decisions, stay compliant, and maximize cash flow.
Create a Long Term Vision and Value
Even years down the road, our meticulous records ensure peace of mind during IRS or other regulatory scrutiny. In the event of an exit strategy to sell the business, we work to build long term value with impeccable accounting and record keeping to boost your valuation.
Partner with a Trusted Advisor
From financial modeling and forecasting to profitability analyses and customized dashboards highlighting KPIs, these services are aimed to drive your business forward. Partner with us to optimize your financial operations and achieve sustainable growth in the competitive cannabis industry.
What to Look for in an Accountant and CFO
for your Cannabis Business
When seeking a Fractional CFO and business advisor for your cannabis business, strategic choices can make all the difference. Here are essential points to guide your decision making process:
Specialization in the Cannabis Industry
The cannabis landscape is intricate and complicated with ever changing laws and regulations. A well versed advisor can guide you through the maze of complexities and provide direction to critical questions. Seek professionals who explicitly highlight their experience working with cannabis businesses.
Compliance and Regulatory Expertise
The cannabis industry is highly scrutinized and regulated. Understanding cost accounting in the cannabis industry is crucial for businesses to thrive amidst intricate regulations, helps streamline operations, and adhere to tax laws. Your financial advisor must be fluent in the unique financial and tax rules governing the cannabis industry. Choose a CFO who stays abreast of the latest cannabis laws and regulations. Their expertise should guide you through compliance challenges.
Value-Added Services
Beyond making sure tax filings are accurate, expect financial planning, budgeting, and risk management.
A proactive approach to tax optimization throughout the year is necessary.
Choose an accountant committed to timely communication.
Responsiveness ensures you’re never left in the financial wilderness.
From growers, to testing, dispensary retail sales and more, we serve many sectors and verticals within the cannabis industry.
Contact Us
Let’s connect! If you wish to learn more about my CFO and business advisory services aimed at supporting Cannabis industry organizations, please fill out this form, or schedule time on my calendar for a call.