Ready or Not: CPA Firms Find New Opportunity in Booming Cannabis Industry
Growing business draws on high-level skills and special talents.
Plus: Professional resources and CPE.
By CPA Trendlines Research
cannabizcpa.pro
Attention CPAs: There’s a big new niche opening in your area soon, but are you up to speed on accounting for a legal business that sells an illegal product?
- Not sure of the fine line between a felony and economic development? Worried about the real estate implications of a marijuana dispensary?
- Are you up to date on the special IRS rules for narcotics traffickers? Wondering whether 10 flower pots in an attic qualify as an agricultural enterprise?
- Concerned about counseling a client whose business is illegal in a neighboring state where you hope to open an office? Are you ready to be an expert witness for something you’ve never seen outside of a college dorm?
- Are baggies an office supply or a cost of goods sold? Do you understand why your new cannabis client’s mortgage broker suddenly looks like he’s got hemorrhoids?
- Unsure of the deductibility of a medicinal bong?
- Does your potential client look a little, like, umm, you know…?
Dude, get with it. The United States – some of the states, anyway – is opening up the biggest niche this side of the Rio Grande. READ MORE →
