Sound financials are the foundation of a successful operation. Our bookkeeping and accounting services are tailored specifically for the cannabis industry, with full awareness of the nuances of 280E, cost of goods sold (COGS), and state reporting requirements. We deliver accurate record-keeping, intuitive reporting, payroll tracking, and CPA-ready financials — giving you clarity, control, and confidence over your bottom line.

Cannabis Business Bookkeeping Services by Drivon Consulting

Precision. Compliance. Peace of Mind.

Navigating the financial side of a cannabis business isn’t like handling finances in any other industry. The intersection of complex state regulations, stringent IRS codes like 280E, evolving compliance obligations, and the unique operational costs of cannabis cultivation, manufacturing, and retail creates a challenging financial landscape. For operators in this space, accurate and compliant bookkeeping isn’t just a good practice — it’s a critical necessity.
Drivon Consulting, a cannabis-focused law and regulatory compliance firm with over a decade of exclusive experience serving the cannabis industry, offers a comprehensive and cannabis-specific Bookkeeping Service that integrates seamlessly with legal counsel, compliance oversight, and inventory reporting. This unique approach delivers a powerful value proposition: full-spectrum operational support, all under one roof.

Why Cannabis Bookkeeping is Different — and Why That Matters

Unlike traditional businesses, cannabis companies are required to maintain highly detailed financial records not only for operational efficiency but to withstand rigorous scrutiny from regulators and tax authorities. Common financial pitfalls — such as improper cost allocation, incomplete inventory reconciliation, or failure to distinguish between plant-touching and non-plant-touching activities — can lead to devastating consequences, from tax audits to license revocation.
Cannabis operators must also comply with:

• IRC 280E, which limits tax deductions and creates complex reporting obligations
• Track-and-trace compliance, particularly inventory valuation in METRC-aligned systems
• Dual-layered state and local financial oversight
• Cash-intensive operations, which add complexity to bank reconciliation and financial controls

Standard bookkeeping services simply aren’t equipped to handle this. You need a partner who understands the full spectrum of cannabis law, policy, and business operations — not just the numbers.

A Law Firm’s Approach to Bookkeeping: Built for the Cannabis Industry

At Drivon Consulting, our Bookkeeping and Accounting Services are specifically tailored to meet the legal, financial, and compliance needs of California cannabis businesses. Because we are first and foremost a cannabis law and compliance firm, we bring a uniquely holistic approach that combines:

• General legal counsel
• Regulatory compliance expertise
• Inventory and METRC reporting knowledge
• Precise, audit-ready financial recordkeeping

This alignment across disciplines means that your bookkeeping doesn’t just “keep up” with the business — it actively supports your compliance posture, legal risk mitigation, and strategic growth planning.

What’s Included in Our Cannabis Bookkeeping Services

Our bookkeeping services are designed to integrate fully with the unique needs of each client’s cannabis license type and business model — whether you’re a cultivator, distributor, manufacturer, or vertically integrated operator.

• Chart of Accounts Setup (Cannabis-Compliant)

  We develop and maintain a GAAP-compliant chart of accounts customized for cannabis operations, clearly separating cost of goods sold (COGS), non-deductible expenses, and other categories essential for tax preparation and 280E strategy.

• Inventory Cost Tracking & Reconciliation

  Our team ensures accurate inventory valuation and alignment with METRC records, capturing real-time movement of inventory and calculating appropriate cost allocations for all inputs and outputs — a key component for proper tax reporting and compliance audits.

• Daily, Weekly, and Monthly Bookkeeping

  From accounts payable/receivable to general ledger entries, we handle the day-to-day financial transactions of your business, delivering real-time visibility into your financial health.

• Payroll Integration and Oversight

  We help implement compliant cannabis payroll systems and ensure labor costs are properly tracked and categorized for both operational analysis and tax purposes.

• Bank Reconciliation and Cash Flow Tracking

  For cash-intensive operations, we track and reconcile all deposits, expenses, and transactions to ensure transparency and accuracy across every financial touchpoint.

• Financial Reporting and Audit Support

  We generate monthly, quarterly, and annual financial reports, including profit & loss statements, balance sheets, and cash flow statements, that are CPA- and auditor-ready.

• CPA Coordination and Tax Prep Readiness

  We work closely with your CPA or tax professional to deliver clean, categorized, and compliant records — dramatically reducing the time and cost of tax prep, and minimizing audit risk.

The Power of a Unified Team: Legal, Compliance & Financial Under One Roof

Working with multiple vendors for legal, financial, and compliance services often leads to breakdowns in communication, inconsistent strategies, and extra overhead. At Drivon Consulting, we eliminate those pain points by offering a single-vendor solution.

Here’s how that benefits your business:

1. Unified Strategy & Communication

   Your legal team, compliance advisors, and bookkeepers are all part of the same team, aligned on your goals and speaking the same language. That leads to smarter decision-making and fewer errors.

2. Streamlined Regulatory Reporting

   Because we manage METRC administration and financial reporting, we ensure that your books accurately reflect your track-and-trace data. That’s a level of integration few other firms can offer — and it’s critical for passing audits.

3. Real-Time Compliance Monitoring

   With our legal and regulatory professionals monitoring your operations alongside your books, we can identify potential compliance issues proactively and recommend immediate corrections before they become costly problems.

4. Cost Efficiency

   Bundling services saves time, avoids duplication of effort, and ensures you only pay for what you need. It also simplifies budgeting and billing, giving you a clear picture of the return on your investment.

Deep Roots in Cannabis Policy, Law, and Operations

Since 2016, Drivon Consulting has been at the forefront of California’s cannabis legalization journey. Our founder, Zachary R. Drivon, played an instrumental role in shaping local and regional cannabis policy in the San Joaquin Valley and beyond. We’ve supported clients through every phase of the cannabis business lifecycle — from license acquisition and local permitting to SOP development, METRC implementation, and litigation defense.

We bring that same level of commitment, precision, and depth of knowledge to our financial services — understanding that bookkeeping is not just about balance sheets, but about safeguarding your license, optimizing your tax position, and supporting sustainable growth.

Who We Serve

Our clients range from small, boutique operators to multi-license enterprise groups across all sectors of the cannabis supply chain:

• Cultivators (indoor, mixed-light, and outdoor)
• Manufacturers (non-volatile and volatile)
• Distributors and Transporters
• Retailers and Delivery Services
• Microbusinesses and vertically integrated companies

No matter your license type or business size, our team customizes your bookkeeping system to fit your workflow, reporting requirements, and future planning needs.

Conclusion: Bookkeeping That Builds Your Business

Bookkeeping in the cannabis industry isn’t just a function — it’s a foundation. With the right system in place, you can confidently pass inspections, prepare for tax season, and make informed financial decisions that drive growth. With the wrong one, you risk fines, audits, or even license suspension.

At Drivon Consulting, our Cannabis Bookkeeping Services go beyond data entry. They are an integrated part of a larger mission: helping cannabis businesses stay compliant, financially sound, and strategically positioned for success.

One partner. One system. Everything you need.