280 Ledger was founded by accounting professionals with years inside cannabis operations — cultivation, processing, retail, and the vertically integrated groups that own them all.
The work began because the gap was obvious. Generalist CPAs approach cannabis like hospitality with a weird chart of accounts — and that approach has cost operators millions in over-paid tax and exposure. IRC Section 280E doesn't allow normal operating expenses to be deducted. Only cost of goods sold. For a cannabis business, the line between a deductible dollar and a non-deductible one determines whether you survive.
We built the firm we wish the industry had: fluent in 280E, precise on COGS absorption, disciplined on METRC reconciliation, and realistic about the cash-intensive reality of the business. Clients focus on operating. We make sure the books are defensible, the cash is controlled, and the tax positioning is aggressive but documented.