Driving growth through innovation and technology
Canada has one of the most stringent legal frameworks around cannabis distribution. As a result, retailers face unique, sector-specific compliance burdens, from strict requirements around marketing and distribution to complex tax reporting. They are also under constant pressure to provide rich and informative customer service, rapidly scale up their businesses to remain competitive, cover costly licensing fees, and find efficiencies in their operations.
BDO’s Cannabis team can empower your business to seize opportunities within the industry while helping you develop your business presence to make it attractive to investors. In addition, we can help cannabis retailers harness technology to automate critical operations, achieve customer expectations, and comply with government and environmental regulations.
Featured insights and offerings for cannabis retailers
Resources to support your business
Why cannabis retailers turn to accountants to jumpstart success
With the cannabis industry maturing, implementing business fundamentals is key to growth and success. Paying attention to financials and related data, including benchmarking and external financing, is a great place to start.
Learn moreBusiness stages for cannabis retailers
Growth strategies designed to match your business model, your goals, and your expectations.
Grow, expand & acquireAdapt and respond more quickly and effectively to the changing economic, legal, consumer, and market landscape.
Adapt, prepare & respondGuidance and advice that service cannabis retailers
The lean finance departments of today require external support, knowledge, and experience. Whether it's investors, management, or auditors who need accurate financial reporting to make informed decisions, BDO's Accounting Advisory professionals communicate the facts that matter and why they matter, simply and clearly.
BDO Tax professionals can help you remain compliant and stay on top of new developments. We offer a full range of integrated, multidisciplinary tax services that allow us to address multiple client issues—helping you streamline your tax operations.
Each business valuation is based on a unique set of factors—financing, business models, acquisitions, re-organizations, succession plans—and requires a thorough understanding of the industries involved. BDO's Chartered Business Valuators (CBVs) bring extensive experience working with owner-managed businesses to large public companies, always taking the time to understand your business and offering tailored services for individual client needs—from financial and tax reporting to transaction and litigation support to complex financial instruments.
In today's fast-paced and highly competitive business world, inorganic growth is an important tool in any company's success. We can help turn your growth goals into strategic pathways. With access to global networks and extensive expertise across industries, our M&A team supports mid-market businesses with acquisition strategy development and execution, sale preparation, divestitures, vendor due diligence, and more.
Our team utilizes people, technology, and innovation to support your transformation. We deliver insights from powerful data analytics to inform your business and drive success. With your distinctive business challenges, we understand the importance of reacting to market disturbances and developing pragmatic solutions.
With a risk landscape that is constantly changing—from staying ahead of regulations to emerging crisis situations to financial risk—our advisors are committed to understanding your business, tailoring risk mitigation and management strategies when they matter the most.
Technology continues to change the way you operate your business. Exploring solutions—including integrating cloud software, automation, implementing cybersecurity solutions, harnessing data for business decisions, and innovating your employee experience—requires trusted guidance. Our experienced team is focused on helping you unlock innovation for growth and success.