Cannabis and Psychedelics

Canada is setting the global standard for progressive pharma business ventures

In 2018, Canada became the first industrialized nation to legalize recreational cannabis. Following record growth in this interesting new sector, investors have turned their attention to the nascent psychedelics industry as well. Where Canada’s cannabis industry has both medical and recreational arms, the business of psychedelics is currently a pharma venture; doing research and seeking approval to treat conditions such as PTSD, brain injury, depression, and anxiety with data that appear to demonstrate impressive efficacy. As this emerging market grows, the world is looking to Canada as we craft a model for cannabis and psychedelics business growth that is profitable, sustainable, and responsible.

As founding members of the Nexia International Cannabis Team, the partners at Zeifmans utilize unique subject matter expertise to provide unparalleled business support. We go beyond accounting to offer guidance and leadership within a 1:1 relationship. We work with you to understand your unique goals and synthesize an actionable road map that will help your company succeed at every phase of your business cycle.

Zeifmans supports cannabis and psychedelics companies by:

Establishing and auditing financial systems that encourage growth, including financial statement audits and reviews, tax planning, accounting systems and modelling under IFRS.

Achieving sustainable compliance by preparing financial statements, reviewing financial models, and advising on the establishment of corporate structures.

Planning for future growth through IPO, mergers, and acquisitions.

Anticipating and identifying new opportunities as the industry changes and evolves.

Our unique knowledge of the Canadian market is further complemented by our close relationships with cannabis experts in Israel- widely known as the birthplace of the medical cannabis sector. Zeifmans is a participant in the Canadian Public Accountability Board (CPAB), and an Associate Member of the Canadian cannabis Chamber of Commerce.

For more information on how our services can help grow your cannabis or psychedelics business, contact our team today.

INSIGHTS

Listen to our podcast series, Micro-dosing with Zeifmans: Short podcasts on demystifying the business of psychedelics. 

Zeifmans can help you navigate through the weeds

Zeifmans LLP: Cannabis accounting and assurance experts


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