Illinois Cannabis Accounting Services
CJBS is your Illinois cannabis tax and accounting partner. We tailor solutions to meet your unique needs. Whether you’re a cannabis cultivator, processor, or dispensary, our expert team helps you grow and scale your business.
Cannabis in Illinois
Recreational cannabis use by adults and medical marijuana are both legal in Illinois, making purchasing cannabis products fairly straightforward for consumers. However, cannabis businesses must contend with complex tax statutes specific to Illinois for each form of cannabis they cultivate, process, or sell. In addition to state laws, cannabis retailers in particular may also be subject to local taxes imposed by municipalities and counties, depending on where they are located. What’s more, other types of taxes are due on sales of cannabis in Illinois, including the cannabis cultivation privilege tax, medical cannabis cultivation privilege tax, and cannabis purchaser excise tax.
The CJBS team has deep experience in cannabis tax laws and accounting in the Chicago area and throughout Illinois. Working hand-in-hand with our cannabis clients, we provide a full suite of services — including compliance expertise, tax-saving solutions, and business strategies — to help you plan for long-term success.
Our Core Values Guide Everything We Do
Our three core values — Trust, Collaboration, and Creativity — guide everything we do at CJBS, from our innovative client work to our interactions with each other. Our team has diverse personal backgrounds and specialties, but we share a common culture rooted in these values.
Trust is essential to all our work, but the stakes can be especially high for cannabis businesses, which face a higher risk of bankruptcy and IRS audits.
Close collaboration with our clients, matched with consistent and proactive communication, ensures that we’re always providing you with the insights, tools, and tactics for your cannabis tax and accounting needs.
Finally, creativity allows us to solve our cannabis clients’ unique challenges, such as having few traditional banking options and no bankruptcy protection.
Your Cannabis Accounting Expert
Matt Bergman, CPA and CJBS senior partner, has been with the firm since 1997 and has specialized in cannabis accounting and tax services since 2015, when an existing client won a license under the Illinois medical cannabis pilot program. Matt worked hand in hand with them to help grow and scale their business, safely and efficiently. That business grew rapidly and was soon acquired by one of the country’s largest MSOs (multistate operators), and they remain a CJBS client to this day. Matt works with clients from small startups to the country’s biggest MSOs. After growing up in Deerfield, IL and Boston, MA, Matt lives in Wilmette, IL with his wife, two children, and three dogs.
News & Updates
Stay current on the latest Cannabis industry developments and find out what it means for you and your business.