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Financial Statement Audits

Required by a lender, investor, or regulator โ€” and worth far more when performed by someone who knows where cannabis risk sits.

Required by a lender, an investor, a regulator, or a transaction โ€” and worth far more when performed by someone who knows where cannabis risk actually sits.

What's Included

โœ“Full audit โ€” under applicable standards
โœ“Inventory testing โ€” existence, valuation, and costing
โœ“Revenue recognition โ€” and POS integrity
โœ“Cash controls โ€” receipt and handling
โœ“COGS methodology โ€” allocation review
โœ“Management letter โ€” with prioritized findings

Why This Differs In Cannabis

Standard audit programs assume cash is a minor account and inventory holds constant weight. In cannabis, cash may be the primary receipt channel and inventory changes weight between wet and dry states with waste destruction recorded in a government system. An audit team encountering these for the first time spends your budget learning them.

An audit team learning cannabis for the first time is learning on your budget.

Why MCA

We have served licensed cannabis operators since 2015 โ€” one of the first firms in the country to build a practice around it โ€” and we have worked with more than 100 operators across 30+ states. Cannabis is all we do, and all we have ever done.

Frequently Asked

Do we need a full audit or would a review do?

Depends on who is asking. We will help you determine the right level.

How long?

Typically four to eight weeks depending on size and record quality.

What if our records are not ready?

We will tell you what is missing before starting rather than billing you to discover it.