Accounting Firm Leader Joins Cannabis Solutions

Christopher Taylor, who recently ran his own accounting firm, has been hired as the first finance chief for Promap Corp. of Colorado Springs, Colo., which will soon be called Advanced Cannabis Solutions Inc.

Taylor’s firm specialized in auditing the books of medical marijuana businesses in Colorado, though he says he isn’t an avid marijuana user himself, CFO Journal reported. The company won’t produce, sell or distribute marijuana, but plans to purchase properties where the drug is made or sold, and lease the facilities back to the owners. Taylor said he intends for Advanced Cannabis to be a fully reporting company by the time it files its quarterly report for the September period. “I get to design the internal controls,” he said. The combined companies will  soon implement a name, management and stock trading symbol change to reflect the new direction and business plan of the company.