Cory Parnell

linkedin Cannabis CPA
Chief Operating Officer
cparnell@bridgewestcpas.com
Direct: 651-287-6327

Vertical Operators

Medical and Adult Use

One of the most challenging operators in the cannabis industry is the vertical operators.  This is because they need to grow their raw materials, then process proprietary extract, pack both flowered and oil products, as well as operate their dispensary.  In certain markets you maybe able to offer delivery services.  Your organization must manage four or five business like a car dealership.  Our cannabis team has been working with vertical operators for over nine years.  Through our in-depth knowledge of dispensary operations, we have developed standard chart of account, cost accounting, supply chain management, and methods to minimize 280E by properly allocating expenses,

Because of our extensive experience of working with vertical operators, we will lead you through the aforementioned items.  We can work with your organizations management team to develop Key Performance Indicators to meet your goals.  We have helped vertical operators compare metrics against industry standards that we have developed over the years.  We can help you make sure you’re collecting and remitting all proper excise tax as well as sales and use tax.  Our cannabis group has the expertise and resources to meet your specific needs.

We have been through numerous IRS and State audits for cultivators as well as we are very collaborative with the top 280E attorneys in the United States.  Through these audits and relationships, we are able to help advise our clients of any significant changes that are being seen in current audits or court cases.

At Bridge West we offer the following services for vertical operators: