Skip to main content
Stay Connected

    Stay Connected

      Go Back

      Connecting Inventory Control and Accounting through a Regulatory Lens

      Connecting Inventory Control and Accounting through a Regulatory Lens

      As the regulatory framework is being built in Minnesota, it is time to think about running a compliant cannabis business. Inventory control and accounting cannot be avoided, and this presentation will help you understand how to maximize deductions and minimize loss while staying compliant with cannabis and tax regulations. The presentation will cover topics such as COGS, work in progress, finished inventory, and loss as they correlate to your balance sheet and regulations to be aware of.

      Mark Waller New Headshot 1 1efd5726

      Mark Waller

      Connecting Inventory Control and Accounting through a Regulatory Lens
      Mark R. Waller, CPA, brings 20+ years of expertise in public accounting and private-sector to cannabis companies nationwide. As a trusted advisor, empowering cannabis businesses to succeed through CFO services, strategic guidance, and compliance support. Licensed and based in Minnesota and a member of the Minnesota Society of CPAs, he has shared insights at events, developing CPE and CLE courses for the industry. Mark enjoys life with his wife, Brigitte, and their children, Malcolm and Colette.
      alli 81116198

      Aly Piscatelli

      Aly Piscatelli has been working in the regulated cannabis industry for 11 years with a focus on regulatory compliance and its application in the workplace. In 2014, Colorado was the first state using METRC for seed to sale tracking and Aly opened the 15th recreational cannabis store in Colorado and the nation. Today, Aly Piscatelli, owner and founder of Budding Operations, is an active member of both the METRC and regulatory framework working groups in Colorado, working directly with other leaders in the industry. She has spoken at multiple national conferences about the implementation compliance into the workflow of licensed facilities. Her company provides on-site auditing, training, and SOP development in CO, CA, MA, OK, DC, NM, IL, and MO, based on state specific regulations, her own experiences, and the ever-changing regulatory environment. She is Certified in Planning & Inventory Management through APICS, a globally recognized program for supply chain management, bringing widely known inventory control techniques to her clients.
      W. Blauvelt Headshot 1 42dd03ab

      Will Blauvelt

      Connecting Inventory Control and Accounting through a Regulatory Lens
      Will Blauvelt is a Director of Government Relations at Stinson LLP. Prior to joining Stinson, Will was a member of Leadership Staff at the Minnesota House of Representatives, working for then Majority Leader Ryan Winkler. Will worked extensively on the issue of legalizing adult-use cannabis, including both HF600 and hemp-derived edibles legislation that became law in 2022. In 2023, Will was a member of the lobbying team that passed HF100, legalizing adult-use cannabis in Minnesota.