Episode 81: Cannabis Accounting, Pitfalls and Pointers with Betsy Morem and Mark Waller

Cannabis Cultivation and Science Podcast

Tad Hussey.

Cannabis, Gardening, Natural Sciences, Cultivation, Leisure, Science, Home & Garden, Marijuana, Weed, Growing, Organics, Grow

4.7 • 716 Ratings

🗓️ 15 June 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week’s podcast will be a bit different than my usual topics. As many of you know, there’s more to cultivation than just what happens in our gardens. Whether we like it or not, taxes and proper accounting are crucial to keeping your business afloat. I sat down with two CPAs, Betsy Morem and Mark Waller who have founded an accounting firm specializing in working with folks in the cannabis industry. We talk about some of the things to look out for and pitfalls to avoid so you can focus on cultivation.

Transcript

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0:00.0	Welcome to the Cannabis
0:03.0	and Science Podcast. I'm your host, Tad Hussey of Kiss Organics.
0:23.4	This is the podcast where we discuss the cutting edge of growing from a science-based
0:27.1	perspective and drawn top experts from around the industry to share their wisdom and knowledge.
0:32.1	This week's podcast will be a bit different than my usual topics.
0:35.7	As many of you know, there's more to cultivation than
0:38.0	just what happens in our gardens. Whether we like it or not, taxes and proper accounting are
0:42.6	crucial to keeping our businesses afloat. I sat down with two CPAs, Betsy Morham and Mark Waller,
0:48.5	who have founded an accounting firm specializing in working with folks in the cannabis industry.
0:53.3	My upcoming podcast include another visit with
0:55.6	Suzanne Wainwright Evans, also known as the Bug Lady, to talk about what she has learned and
0:59.7	encountered since last being on the podcast. And I also had a wonderful conversation with Dr. Abby Wick,
1:04.8	who is an assistant professor at North Dakota State University and is an extension soil health
1:09.5	specialist. Her knowledge of infield soil health practices and cover crops was really incredible,
1:14.3	and I'll be putting that podcast out here soon too.
1:17.0	Now on to the show.
1:19.8	Hi, Mark, hi Betsy.
1:21.0	Welcome to the podcast.
1:23.3	Thanks for having us.
1:24.9	Yeah, thanks for having us.
1:26.4	Absolutely.
1:30.6	Now, I heard about you guys because I heard Mark talking on Clubhouse about a particular form that we'll talk about here in a little bit.
	...

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