Damon L. Mayer, ChFC, LTC, EA
Your Cannabis Tax and Finance Expert

Navigating the rapidly evolving cannabis, CBD, and hemp industries requires a seasoned professional who understands this sector's unique challenges and the broader financial landscape. Damon L. Mayer is that expert.
As an IRS Enrolled Agent and Oregon Licensed Tax Consultant, Damon has carved out a specialized niche, offering his vast expertise to cannabis & hemp growers, dispensaries, laboratories, extractors, and wholesalers. With a quarter of a century under his belt in tax preparation and planning, his depth of knowledge is second to none.
But Damon's expertise isn't limited to the world of taxes. Over the years, he has worn numerous hats, serving clients with distinction as a stockbroker, Certified Financial Planner (CFP), mortgage broker, insurance agent, and more. His diverse roles as a Certified Mediator, instructor, and writer further highlight his versatility and commitment to client service.
An unwavering commitment to understanding his clients' ambitions is at the heart of Damon's approach. Whether guiding a dispensary through the complexities of tax compliance or advising a grower on asset management, Damon delves deeply to ensure that each client's personal and professional aspirations are realized.
Lifelong learning is the cornerstone of Damon's career. His dedication to staying abreast of the latest in finance and tax regulations has earned him many designations and certifications. From being a QuickBooks Certified ProAdvisor Online to an Advanced Crypto Tax Expert (ACT-E), Damon's qualifications are a testament to his drive. Notable certifications and designations include:

  • ChFC (Chartered Financial Consultant)
  • LTC (Licensed Tax Consultant)
  • EA (Enrolled Agent)
  • ATA (Accredited Tax Advisor)
  • ATP (Accredited Tax Preparer)
  • ACT-E (Advanced Crypto Tax Expert)
  • AAMS (Accredited Asset Management Specialist)
  • CRPS (Chartered Retirement Plans Specialist)
  • CMFC (Chartered Mutual Fund Counselor)
  • CRPC (Chartered Retirement Planning Counselor)
  • LUTCF (Life Underwriter Training Council Fellow)

Entrust your cannabis business's financial health to a seasoned expert. Entrust it to Damon L. Mayer, LTC, EA.
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It is no secret that cannabis audits are on the rise as the government cracks down on compliance (or lack thereof) with IRC sections 280E and 471. Fully understanding Code Sections 280E and 471 is more important than ever, as there is potential for MASSIVE penalties around every corner!

Frequently asked questions

Are your cannabis tax accounting education courses approved for continuing professional education (CPE) hours?

Not at the moment. We are in the process of becoming an approved continuing education provider for the Internal Revenue Service so our students can earn credit hours for our courses. Upon IRS approval, we will offer CPE credit hours for IRS Enrolled Agents, Oregon Licensed Tax Consultants & Licensed Tax Preparers. CPE hours will also qualify for Chartered Financial Consultant (ChFC), and Certified Financial Planner (CFP) designation holders. 

Will your cannabis education programs provide the necessary knowledge to enter this lucrative and exciting industry?

Our flagship course provides students with a complete overview of Internal Revenue Code Sections 280E and 471. The courses cover how to calculate cannabis cost of goods sold (COGS), account for inventory under IRC 471 (3) & (11), GAAP accounting basics (including cost / full absorption accounting), how to prepare GAAP compliant financial statements, the basics of cannabis business entities, and the preparation of cannabis tax returns.

What if I have questions about the cannabis tax accounting education course material?

If you have any questions, you may call or email and we will respond within 24 hours.

Are there any time limits on finishing the course material?

No! You may take all the time you need to work through the course materials!
"Take advantage of this once in a lifetime opportunity to get in on the ground floor of an amazing industry!  Filled with unlimited opportunities for accountants. tax practitioners, and other financial professionals, this is undoubtedly a severely underserved industry in desperate need of quality, caring professionals."
Damon L. Mayer, EA
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