What’s a Cannabiz Worth? Ask a CPA.

The top 51 issues in handling valuations of marijuana businesses. 

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By CPA Trendlines Research

The growth of legal marijuana businesses, from growing to retailing, has opened a new niche—or really a bunch of niches—for CPAs.

Among them are bookkeeping, internal control, tax accounting and preparation, management, holding companies, and general business council. The opportunities are born of the complexities behind them.

RELATED:  Billion-Dollar Questions: Cannabis FAQ for CPAs  | How CPAs Find Opportunity in Cannabis Boom America’s New Breed of Cannabis CPA [VIDEO] 

One of the opportunities is the valuation of these brave, new businesses as aggressive investors flood the market with fresh cash. “You’ve heard of the Gold Rush of the 1800’s,” one industry insider tells CPA Trendlines. “Well, this is the ‘Green Rush.’”

Now comes a new study issued by Business Valuation Resources LLC, “Marijuana Dispensaries: A Budding Industry Brings Opportunities and Challenges for Business Appraisers,” which presents some ideas worth thinking about.  Click here for a free preview of the new marijuana BV study.

“Legal marijuana is a very good business,” says Ron Seigneur, MBA, CPA/ABV, ASA, CVA, CFF, and a well-known advocate for CPAs in the art and science of business valuation. Seigneur, of Denver-based Seigneur Gustafson LLP, writes the introduction to the report. CPA Jim Marty of Bridge West CPAs, also Denver-based, authors much of the report. Marty has quickly emerged as one of a handful of nationally recognized accountants in the business.

Several factors contribute to the opportunities of valuation. And several other factors contribute to the complications. In all, CPA Trendlines finds dozens of points that shouldn’t go overlooked. Some are germane in any valuation engagement. Others are peculiar to the cannabis business. All require especially careful review in this fast-changing legal and regulatory environment.

Here they are: READ MORE →

Laptop-Only Workers More Common

Two businessmen working on outdoor bench

Desktops still hold value; tablets less so.

By Roman H. Kepczyk
Quantum of Paperless

Getting the right mix of mobility is critical for firms today. The professional’s Rule of Thumb is that everyone who works out of the office one day per week or more and needs to be self-contained should have a laptop as their only machine.

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The obvious exception to this is for tax or administrative personnel who would never work from remote client sites, but have a computer at home that they can use to connect to the firm via a secure remote access solution.

The string of natural disasters over the past decade and the transition to more cloud-based applications has led to some firms making the decision that ALL professional staff will utilize a laptop as their only workstation.

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