Texas DIR/ESBD #405-26R0019669

Texas DPS seeks CPA firms for financial viability assessments of Compassionate Use Program providers

The Texas Department of Public Safety (DPS) is seeking certified public accounting (CPA) firms to conduct independent financial viability assessments for conditional licensees under the Texas Compassionate Use Program (TCUP). - Government Buyer: - Texas Department of Public Safety (DPS), Regulatory Services Division - Services Requested: - Financial viability assessment services for TCUP conditional licensees - Review and analysis of approximately 40,000 due diligence documents, including: - Audited and unaudited financial statements - Bank statements - Tax returns - Balance sheets - Dun & Bradstreet reports - Other compliance documents - Development of individual financial viability reports, executive summaries, and risk assessments - Analysis of liquidity, cash flow, debt ratios, and operational sustainability - Recommendations and financial risk ratings - Notable Requirements: - Ability to handle a high volume of sensitive financial documents - Thorough, independent assessments to ensure licensees can maintain operations for at least two years and begin dispensing low-THC cannabis within 24 months - Experience in auditing, tax services, and financial assessments - OEMs and Vendors: - No specific OEMs or product manufacturers are named; this is a professional services solicitation - Place of Performance: - Texas Department of Public Safety facilities - Contract Term: - Five years from award, with a possible six-month extension

Description

The Texas Department of Public Safety (DPS) is seeking certified public accountant firms to provide financial viability assessments for conditional licensees of the Texas Compassionate Use Program (TCUP). The scope includes reviewing due diligence documents to ensure licensees can maintain operations for at least two years and begin dispensing low-THC cannabis within 24 months of license issuance. The solicitation involves assessing approximately 40,000 documents including taxes, financial statements, and additional requested documentation. This effort supports the expansion of the TCUP under Texas Health and Safety Code, Chapter 487.

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