By: ELI C. NEAL, CPA, ABV, CFF

Jonathan Bench is a leader of international business law and cannabis law. I joined him on Harris Bricken’s Global Law and Business Podcast to discuss:

• How IRS 280E impacts cannabis business valuations, especially retail marijuana shops.

• What factors are key in determining cannabis business value, whether you are using the income, market, or asset approach.

• What do you do when your business partners do not keep good financial records and how to recreate financial statements from receipts and bank statements (if there are any).

• How Eli developed clientele in his mid-20s when competing with larger accounting firms.

• The best way for business owners to avoid a valuation fight (hint: the shotgun approach generally works best with one joint appraisal rather than competing appraisals)

• Listening, and watching recommendations from:

  • Eli - Think about Universal Basic Income (UBI) as a possibility

  • Jonathan - An open letter to businesses about diversity, Utah Business, by Roy Banks

Listen On Your Favorite Apps:

• Apple Podcasts | Stitcher | Spotify | Overcast

If you’re ready to understand the value of your cannabis business, give 4 Corners a call at 425.800.4896 or email us. If we can, we’d love to help you.

We’ve helped people in Seattle, Bellevue, Portland, Washington, Oregon, California, and across the country.