Armanino LLP is one of the Top 20 CPA & Consulting firms in the nation. As one of the preeminent providers of these services to the cannabis industry, Armanino helps cannabis clients problem solve and identify solutions. Sam Kashy leads Armanino’s geographic growth in the central and eastern United States. He partners with clients of all sizes to ensure that Armanino meets their expectations and help them succeed in their mission.
We talked with Armanino about their involvement and the services they provide to the Cannabis industry.
How did Armanino get involved in the Cannabis industry?
As a national firm headquartered in California, it was a natural move for Armanino to become a leader supporting the cannabis industry. Armanino’s entrepreneurial and innovative DNA enabled us to identify early the opportunity and needs of cannabis investors and operators. Since 2015, we’ve been focused on identifying challenges across the needs of:
o Cultivation
o Manufacturing
o Distribution
o Dispensaries
Can you give a brief overview of Armanino and what services you provide to those in the Cannabis industry?
Founded in 1953, Armanino is now the 18th largest consulting and CPA firm in North America with 2,300 professionals helping our clients succeed. Our purpose is clear– to be the most innovative and entrepreneurial firm that makes a positive impact on the lives of our clients, our communities and our people. This is not a slogan, it’s our foundation. As innovators, we are the only top 25 firm that is a Certified B Corporation, balancing both profit and purpose. In Chicago, we are celebrating our 10th year with offices in downtown and Naperville.
How do we impact the cannabis industry: We enable scale and profitable growth from startup through exit/IPO and beyond:
Start Up and Early Stage
Tax Strategy & Compliance – Our dedicated tax team works exclusively with cannabis clients both locally and nationally. Our lead tax partner literally wrote the book on Multistate Cannabis Taxation. And as a national & international firm, we can help you with strategy planning and compliance.
Strategic Finance, Accounting and HR Outsourcing – Armanino’s industry
experts support 50+ cannabis clients as their dedicated back office. Our
teams bring deep industry expertise, so you know your profitability and cash flow and have a partner to make profit-driving decisions.
Growth Stage / Geographic Expansion
Technology – Scale and insights are driven by having best-in-class technology, integrated together. That includes ERP, Seed to Sale, POS,
Forecasting, Budgeting, Analytics and Business Intelligence to assess performance from cultivation to dispensary.
Exit/IPO
Transaction Advisory – Whether you’re buying a business or selling, proper due diligence helps clients assess value and mitigate risk.
IPO Readiness – We’ve helped the most successful MSOs list in Canada and the US. Armanino has full-service expertise to help you be ready to meet the requirements as a publicly listed company.
How do you bridge the gap as an approachable accounting and consulting firm for passionate cannabis owners?
Our clients face constantly changing legislation, the need for transformation to enable continued growth and a lack of resources to handle complex compliance and business challenges. We understand the industry’s obstacles because we’ve partnered with our clients from the startup stage through immense growth. We’ve done the grunt work and helped clients problem solve and identify solutions. Our client’s success and satisfaction are the primary metrics we use to measure success. We use Net Promoter Score (NPS), which independently captures our client’s satisfaction, and our score of 68 leads our industry.
