Kristie L. Harris

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Navigating Success: Best Practices in Cannabis Accounting

Kristie L. Harris, President and Chief Executive Officer, The Ellen Group, LLC

As the cannabis industry continues to expand and evolve, effective accounting, tax, and compliance practices are critical to maximizing growth and bottom-line profits. This presentation will explore best practices that are essential for navigating the complex financial landscape of the cannabis sector. We will delve into key areas such as managing cash flow, inventory management, tax planning strategies, and the importance of maintaining accurate financial records. Additionally, we will highlight the role of technology in streamlining accounting processes and enhancing data accuracy. By integrating these best practices, cannabis businesses can not only mitigate risks but also position themselves for sustainable growth and gaining a competitive advantage in a rapidly growing market.  

Kristie Harris is an industry expert in navigating the unique financial challenges faced by cannabis businesses. Her extensive background in financial management equips her with the insights necessary to address the complexities of this industry, including tax compliance, cash flow management, inventory tracking, and regulatory adherence. Ms. Harris is passionate about educating cannabis entrepreneurs on best practices and innovative strategies that promote financial stability and growth. Through workshops and consulting services, she provides invaluable guidance, helping clients optimize their accounting processes and implement sound financial strategies. With her leadership, organizations in the cannabis industry are better positioned to thrive in a competitive landscape, ensuring they meet compliance requirements while maximizing their profitability.