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Local Accounting Firm Expands into Cannabis Space

BY DANIEL CASCIATO confident our association will be mutually tracking, and state/investor/banking
beneficial and profitable,” says Moss. reporting needs.
In recent years, more states, such as The firm offers tax planning and prepa- Also, since most of these companies are
Florida, have been relaxing laws which ration, auditing and accounting, out- startups, Moss says that accounting is usu-
prohibit the use and sale of cannabis. sourced financial statement assistance and ally the last part of the company to get
Some have legalized it for medical use, and IT services to small and medium size busi- implemented.
a few, for recreational use. But, since mar- ness at competitive prices without sacrific- “This is where we can step in and ensure
ijuana remains illegal under federal law, ing quality. the appropriate procedures are in place,”
businesses in the cannabis space find it “We have a concentration of clients in he says.
challenging to meet tax compliance obli- the cannabis, real estate, non-profit, health The firm’s target audience is not only
gations. care, and employment benefit plan indus- companies that are startups but companies
Many banks also are hesitant of accept- tries,” adds Moss. that are in place, specifically companies
ing deposits and afraid of violating money Moss points out that MKA has worked that need monthly/quarterly/year round
laundering laws. That’s why it’s imperative Ed Moss, Jr. with four Florida cannabis companies in accounting and tax help, along with any
to work with an accounting firm that has performing inventory and audit proce- audit, review, compilation and compliance
the financial knowledge and applicable requirements,” explains W. Ed Moss, Jr., dures which gives them valuable industry services.
skills to help those in the cannabis indus- managing partner of the firm. experience. “Since this is a new industry, we can
try. MKA has approximately 60 professional “We have also worked closely with an help these companies navigate the ever
As an accounting firm located in and administrative personnel including accounting firm from California who spe- changing environment,” says Moss.
Winter Park and North Palm Beach, seven partners, two who have been in the cializes in the cannabis industry,” he says.
Florida, Moss, Krusick & Associates Orlando and North Palm Beach area for “In addition, we are a member of the BDO Moss, Krusick & Associates provides servic-
(MKA) has been proactive in preparing over 25 years each. As a boutique firm, it alliance program, giving us access to the es to companies throughout the State of
for accounting needs that will arise in was formed as an alternative to a national 5th largest accounting firm in the world.” Florida. For more information, please contact
the cannabis industry. firm. Some of the accounting challenges that them at 501 S. New York Ave, Ste 100,
“We are positioning ourselves to be a “By providing proactive, personal and cannabis companies face are allocating Winter Park, FL 32789. Visit them at
leader in the Florida cannabis industry by prompt services utilizing our business expenses between selling, general and www.mosskrusick.com, call (407) 644-5811,
understanding reporting for state/investor/ acumen and leveraging our indepth administrative expenses and cost of goods send a fax to (407) 644-6022, or email
banking needs as well as compliance knowledge of specific industries, we are sold expenses, inventory valuation and moss@mosskrusick.com.

Back Cover Story: Hemp & Heal Founder Focuses On Education

Benefits of Full Spectrum Hemp Oil and The Entourage Effect

Continued from back cover.
Florida included- enacted legislation to ical that gets marijuana smokers high. ucts are grown, extracted, formulated derived CDB products for the full spec-
authorize research and pilot programs. The fact is that more than 40% of the and made here in the USA. trum effect has been front and center on
According to Bolt, “The human endo- medicinal value of the plant comes from Bolt summarized his current business Bolt’s calendar for the past year. All cus-
cannabinoid system is an organic process the full spectrum hemp oil, not the outline, “The goal of Hemp & Heal is not tomers are eligible for free consultation
which naturally helps regulate a variety THC,” Bolt explained, and cites the fol- to sell product but to educate those who with a company expert when making a
of biological processes. Industrial hemp, lowing standards for Hemp & Heal: are leaders in the realm of caring for your purchase. Anyone interested in Hemp &
from which all Hemp & Heal products • We offer Agricultural Hemp derived health. Sales naturally follow when clini- Heal can call 855-626-9888 toll free 7
are derived, helps fire up the body’s FULL SPECTRUM HEMP OIL Isolated cians and leaders understand the bene- days a week. Staffers also access Johns
receptors to self-regulate processes. This by CO2 extraction & by crystal precipi- fits.” Hopkins University experts when more
is referred to as the entourage effect tation for a 99.9% Pure Crystalline According to Bolt, Hemp & Heal is in-depth answers are necessary.
which helps the body re-generate well- Cannabidiol (FULL SPECTRUM HEMP assertively networking on-demand with Bolt said, “We are lightyears ahead of
ness.” OIL) Grade A Pharmaceutical Isolate. government health officials, medical the industry and instead of fighting the
Full spectrum hemp oil is a nutritional We also only use industrial hemp derived providers, consumers, law enforcement conventional medical establishment we
supplement made from agricultural Full Spectrum “Entourage Effect” Hemp agencies, social service professionals, intend to spend 24/7/365 time to educate
hemp, a close relative of psychoactive Oil from whole plant extraction in all our retail health product dispensers and dis- and evaluate the legal use of full spec-
cannabis (marijuana). Marijuana con- Full Spectrum formulation. ease focused societies and has a Medical trum hemp oils and other product varia-
tains THC, the substance that people • All our products are USA grown Advisory Committee which safeguards tions. Our line of products for the health
consume to feel high. By contrast, full hemp based under the country's 1st State all compliance and clinical product care community, doctors, and all other
spectrum hemp oil is 100% natural and run pilot program which has the most claims. “We firmly believe that the bene- human services organizations is covered
legal and uses proven ingredients that are compliant program in the United States ficial medicinal properties and the adop- by a $2,000,000-dollar product liability
toxin-free. Full spectrum hemp oil does managed by the United States Depart - tion of a full spectrum hemp oil option in insurance policy. This is very important
not contain any dangerous or synthetic ment of Agriculture (DOA) of that state. all treatment plans is only going to due to the litigious society in which we
chemicals or stimulants. While full spec- • We work directly with the only labo- become a reality if we educate our physi- operate. We want to ensure legal and
trum hemp oil causes few if any side ratory that is GMP and FDA approved in cians and providers and answer their medical safety to all health care providers
effects, a growing body of evidence sug- the U.S. and now authorized to legally legitimate questions,” he said. who use and advise consumers regarding
gests it could help conditions ranging extract from hemp here in the states. All Introductory and continual education, our products.
from depression to some forms of chron- other companies must import from over- consultation and compliance with all
ic pain. seas with little control over how the governmental guidelines to validate clin- For more information, call
“The best part of any Hemp & Heal product was grown, tested or fumigated ical studies and share information and (855) 626-9888 or email
full spectrum hemp oil product is that it and legally can only import stock and product with those who can influence info@hempandheal.com.
does not contain THC. THC is the chem- seeds of hemp for products. All our prod- the medically beneficial use of hemp

South Florida Hospital News southfloridahospitalnews.com September 2018 39