Cannabis accounting, government roadblocks and client stories with Katye Maxson Landis

Katye Maxson Landis is the owner of Moxy Accounting LLC in Portland, Oregon and is one of few women in the United States actively filing taxes for small cannabis businesses. In this episode, Katye sheds light on the accounting challenges that cannabis businesses face, the advantages that they can bring, and shares stories of her very interesting clients. She also talks about the future of the cannabis industry and her very own educational program for cannabis accountants.

Together discuss:

Origins of Moxy Accounting (2:25)Need of a robust tax professional in the industry (4:25)Federal law vs State law (5:50)Tax difference between regular businesses and cannabis businesses (6:50)Operating cannabis growing business in a tough environment (8:35)No privilege for American cannabis (10:20)The passion of business owners (11:35)It’s not a choice, it’s the law (13:35)Pervasive view on future of accounting in the cannabis industry (15:50)Government is reactive rather than proactive (17:00)Opportunities of taxing cannabis sensibly (18:20)Problems of the at-will taxing regiment (21:35)Importance of tax courtesy or discourtesy (23:45)Booker Schumer weed bill (24:30)Being a champion of a small business (27:40)Advocacy for cannabis users (28:25)Privilege to introduce business owners to the normal economy (30:00)There is really something about this plant (31:20)Katye’s first cannabis client (32:35)Dispensary consultation (37:50)Problems of banking for cannabis (40:20)Striving to create a defensible paper trail (41:50)Educational program for accountants in the cannabis industry (42:50)Practical case studies (46:00)Go paperless with Karbon (48:05) Cannabis Katye (51:00)