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grand consulting

About

Cannabis finance, from people who have actually run it.

Our team supports companies across all segments of the cannabinoid industry.

Gail Rand, CPA, founder of grand consulting

The practice

Founded in 2019, built on operating experience.

Led by our founder, Gail Rand, who co-founded and served as CFO and Patient Advocate for ForwardGro, the first cannabis cultivator in Maryland, our team has first-hand experience with leading a successful licensed operation, cost management, and preparing for an exit.

We leverage our cannabinoid industry experience and deep finance knowledge to provide short- and long-term perspectives on decision-making.

The team

Two CPAs, sixty years of finance between them.

Gail Rand, CPA, Founder and CEO of grand consulting

Gail Rand, CPA

Founder & CEO

Gail is the Founder and CEO of grand consulting, where she brings 30+ years of experience in finance to work on financial plans, business modeling, transaction support, and strategic advisory.

From 2015 to 2019, Gail was Co-Founder, CFO, and Patient Advocate for the first cultivation licensee in Maryland. Alongside developing the financial strategy and setting up the back office, she identified and managed the metrics that tied to it, managed cash, and monitored the control systems to report accurate financial results.

Before cannabis, her work included Lean process improvement in the finance function for a large public company, as well as auditing and systems implementations at PwC.

Since 2013, Gail has been a medical cannabis parent advocate on behalf of her and Colin’s son, who has epilepsy and autism. She played an integral role in helping to pass the 2014 legislation establishing Maryland’s medical cannabis program.

Gail is a graduate of the University of Virginia, with distinction, and a licensed CPA in the State of Maryland.

Gail on LinkedIn ↗
Colin Rand, CPA, Managing Partner at grand consulting

Colin Rand, CPA

Managing Partner

Colin is Managing Partner of grand consulting, bringing 35+ years of experience in accounting, auditing, and business consulting to support clients’ financial systems, reporting, and business growth. Colin focuses on data analysis, helping clients turn financial and operational data into clear, actionable insights for planning and decision-making.

Most recently, Colin served as an Associate Chief Accountant with the U.S. Securities and Exchange Commission (SEC), where his work centered on analyzing and investigating the financial reporting of public companies. Colin developed a data tool that the SEC used to identify cases, which was covered on the front page of the WSJ. Prior to the SEC, he held Controller positions with several public and private companies, overseeing financial systems and internal controls and analyzing the data behind accurate, timely reporting. Colin has worked on several capital raises, including debt, initial public offerings, and venture-backed offerings. Early in Colin’s career he worked at PwC in auditing.

Beyond his professional work, Colin has been an active participant in his son’s medical cannabis journey, developing a simple cold extraction process for THCa, giving him a hands-on understanding of the product side of the industry alongside his financial expertise.

Colin is a graduate of Virginia Tech and a licensed CPA in the State of Maryland.

Colin on LinkedIn ↗

Recognition

Awards

  • Courage Award, Americans for Safe Access (2015)
  • MACPA Women to Watch honoree (2019)
  • YWCA Trailblazer Award, Tribute to Women & Industry (2019)

Selected

Speaking

  • IgniteIt Cannabis Capital Conference 2025
  • Hemp Beverage Expo 2025
  • MJBizCon, 2020 and 2024
  • Marijuana Big Thinker Talks, U.S. Congress, 2017
  • ABA TIPS Cannabis Law Conference, 2019
  • NCIA banking panel, Capitol Hill
  • Women Grow Leadership Summit — Lightning Talk 2017, panels 2019 and 2025
  • Cannabis Science Conference, 2019 and 2021
  • University of Virginia, University of Maryland, and Drexel University

Reach us

No gatekeepers.

Gail Rand, CPA

Founder & CEO

gail@grandconsults.com

Colin Rand, CPA

Managing Partner

colin@grandconsults.com

Bring us the tough business issue you’re stuck on or just want to explore further.

Thirty minutes, no cost. If we’re not the right fit we’ll tell you that, and point you at who is.

Book a 30-minute call