How To Choose A CFO For Your Cannabis Company?

The most important profile in a marijuana/cannabis company is of Marijuana CFO.

Marijuana CFO holds all the cards to whether your company can grow, sign business deals or get investment. Marijuana CFOs are the backbone of every Cannabis Company. Marijuana CFOs are also called accountants and bookkeepers. Marijuana CFOs are usually accountants and bookkeepers who have seasoned and professional experience and knowledge of the Marijuana/Cannabis Industry too. Marijuana CFO is the main liaison between your business, banks and investors.

Let's understand what a marijuana CFO do and how to choose one for your CBD business.

So, let's get started:

What Does a Cannabis CFO Do?

Cannabis is mainly charged with the executive account function. Marijuana CFOs are responsible for the Marijuana/Cannabis company's financial management that includes:

1. Marijuana CFO chooses and monitors banking transactions, prepares capital budgeting reports, and analyses financing alternatives available to cannabis companies.

2. Marijuana CFO provides information on tax strategies and helps Marijuana/cannabis companies to prepare cannabis tax reports. Marijuana CFOs works closely with cannabis accountants.

3. Marijuana CFO works closely with cannabis attorneys to settle legal issues for the company, and to enhance marijuana accounting guidelines. Marijuana CFO is highly skilled in Marijuana Accounting procedures to keep track of marijuana company's financial records. Marijuana CFO also has a good knowledge of marijuana Taxation procedures.

4. Marijuana CFO is responsible for cannabis In-House Accounting and Marijuana/cannabis External Reporting too. Marijuana CFOs usually have a Bachelor degree in accounting or finance as well as 2 -5 years of Marijuana/cannabis industry experience.

What to Look for Hiring a Marijuana CFO?

As we know, the position of CFO is highly responsible and would require proper planning to get it to fill.

So, here are few things that can be taken into consideration.

• Contact a recruiting company and tell them about your requirements. Recruiting company will do a cannabis CFO search and shortlist the profiles for you. Marijuana CFO

• Prepare the right set of questionnaires that can help to bring the best candidate on board.

• If you are planning to go for a marijuana CFO search yourself, then here is the Marijuana CFO questionnaire that can help you out.

• Once the Marijuana CFO has been shortlisted, meet him or her personally and discuss your expectations in detail. Ask questions about experience, knowledge of cannabis compliance rules and regulations, Cannabis Accounting procedures, cannabis Financing strategies etc.

You need to make sure that the marijuana CFO is ready to work in a cannabis environment and understands marijuana Industry culture too.