Accounting, Tax and Consulting for
Cannabis Industries

The cannabis industry in Canada, which includes the cultivation, production, and sale of marijuana and hemp products, is a rapidly growing sector with significant financial opportunities and challenges. In Canada, cannabis has been legalized for both medical and recreational use, and the industry has experienced a surge in investment and business activity since the legalization in 2018.

However, the industry is also highly regulated, and companies operating in the space must navigate complex tax laws and compliance issues at both the federal and provincial level. Additionally, while many traditional banks and financial institutions in Canada work with cannabis-related businesses, some may still be hesitant to provide traditional financial services such as banking and credit, this can pose as a challenge for some companies to access basic financial services

Stratos has experience working with cannabis companies and can assist with a variety of financial and compliance-related needs, including:

• Advising on compliance with federal and provincial regulations
• Implementing proper tax strategies
• Assisting with financial forecasting and analysis
• Helping to secure financing
• Robust financial management and cloud-based bookkeeping, specific to cannabis industry.
• More services below…

Given the fast-paced and dynamic nature of the cannabis industry, it is important for companies to work with a knowledgeable and experienced accounting firm that can provide tailored solutions to meet their specific needs in compliance with Canadian Cannabis law.