
Episode #225
EP 225: The Two Numbers Every Cannabis CFO Should Watch Weekly
In this episode of the Cannabis Accounting Podcast, host Raymond Guns sits down with Jason Cieland, CFO of Intrinsic, to unpack why cannabis companies with strong sales numbers still end up in receivership, why 280E relief isn't the lifeline most operators think it is, and how overbuying equipment on hype can wipe out a balance sheet. Jason spent 17 years in public accounting before joining Intrinsic in 2018, helping the founder build out the company's finance function from the ground up. Today he oversees a Michigan cannabis manufacturer that sells wholesale to roughly 600 dispensaries across the state. Jason breaks down: The growth trap: Why taking on too much debt to scale fast, especially with private equity money in the mix, is the fastest way cannabis companies end up in receivership. ⚖️ 280E's fine print: Why the DEA's move to reschedule cannabis for medical use doesn't help the 97% of the industry that's adult use, and why Jason isn't building his tax strategy around federal change. The extraction equipment trap: How buying processing equipment at the top of the market can leave you unable to recoup the cost once prices fall. Michigan's 24% tax: How the new wholesale tax stacks on top of the existing 6% sales and 10% excise tax, and why Intrinsic moved to COD to manage it. Know your cogs: Why Jason reviews cost of goods every two weeks, down to the cost per gram, before he'll even talk about pricing or profit. AR collections reality: Why Intrinsic runs two full-time collections staff separate from sales, and the front-end vetting that keeps bad debt from piling up. Jason's take is a useful gut check for anyone tempted to scale on borrowed money or bank on federal relief that doesn't apply to them yet. The operators who make it through this next stretch, in his view, are the ones who grow only as fast as their cash flow allows and know their real costs cold. Subscribe for deep dives on cannabis business, accounting, regs, and growth! Intrinsic: https://intrinsicmi.com/






