Learn Cannabis Tax Preparation and Accounting

Our specialized tax training programs for cannabis tax are designed to teach accountants, bookkeepers and Enrolled Agents how to prepare cannabis and hemp tax returns correctly. Based on years of experience in cannabis, our training programs offer the most comprehensive cannabis and CBD / hemp tax training on the market.

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Whether you are a grower, dispensary, producer / extractor or other auxiliary cannabis business, cannabis accounting requires a professional who understands the unique schematics at macro and micro levels. We keep our customers informed of relevant regulatory changes and implement innovative strategies to increase their businesses exponentially.
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. With the potential for MASSIVE fines and penalties around every corner, understanding these code sections is more important than ever!
course offerings
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our focus

As leaders in the cannabis industry, we work tirelessly to offer our clients compliant solutions designed specifically for the cannabis industry. We have developed innovative accounting and tax preparation platforms to streamline the full absorption accounting method required in accordance with IRC Section 471. Our proven systems simplify the complex cannabis accounting process while ensuring strict compliance with federal law. Deeply rooted in an industry full of endless opportunities, we pride ourselves on our ability to minimize tax liability while maximizing profitability.

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!


"Damon is the BEST in the business as far as understanding the uniqueness and complexities of cannabis and hemp accounting. I have never worked with an accountant who is more down to earth, available, and service oriented! To top it off, his accounting skills and tax knowledge are unmatched. I can't say enough positive things about his professionalism, efficiency, attitude, and work ethic. Such a joy and breath of fresh air to work with."
Nalo green seed company, llc
"Damon is simply the best at what he does! We worked with several firms before hiring him and he has made sure we are compliant by implementing an accounting program that is required under GAAP. He is available 24/7/365 for questions..big or small. Damon is a critical part of the Leap Farms Family and we appreciate all he does for us!"
Leap Farms
-Rogue River, or
"We can't say enough about Damon and the service he provides. We have worked with Damon for two years now and he has exceeded our needs and expectations during that time. He handles our bookkeeping as well as prepared our taxes for all of our business entities. We are confident in his abilities and his level of expertise within the cannabis and hemp industries. There is no one better hands down!"
Pineapple society hemp, llc
pineapple enterprises, inc
American hemp company, llc
-grants pass, or


$61 Billion

The US Cannabis 2021 Revenue


Nationwide 2020 cannabis sales increase


US citizens Who Use CBD

18 States

Recreational use of Cannabis in US
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