Cannabis Cost Accounting Explained
Learning objectives
After completing this course, the learner should be able to:
- Explain how federal prohibition, CSA scheduling, and IRC §280E drive cannabis tax outcomes and elevated accounting risk
- Differentiate allowable COGS under §1.471-3 (resellers), §1.471-11 (producers), and §471(c) (small business), including key guardrails and documentation expectations
- Design a §280E-ready chart of accounts that separates COGS/inventory activity from nondeductible expenses
- Apply practical monthly workflows for inventory costing and COGS recognition (reconciliations, counts, and adjustments) for both retail and producers
A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823