Jim Marty: Building a National CPA Firm for the Cannabis Industry

Plants growing out of ever taller stacks of coins in dirt

Numerous meetings with the IRS deductions on the cost of labor for rolling joints.

By Liz Gold
cannabizcpa.pro

Marty

As a CPA in Colorado, Jim Marty saw a need for a large, sophisticated accounting firm to handle the booming cannabis industry. As a result, he designed his Longmont, Co.-based firm, Bridge West CPAs – focused solely on cannabis clients – to be acquired. And as it turned out, his plan and the timing were excellent.

MORE CANNABIZ: CPA Kim Walker: ‘We Can’t Be Afraid of Diving into Marijuana’ | Cannabiz CPA: Dani Espinda Chooses Option Number Three | The Two Crippling Compliance Issues for Cannabis Industry | Ready or Not: CPA Firms Find New Opportunity in Booming Cannabis Industry | IRS Section 280E & Marijuana: Tax Limbo or Hell? | The Wild World of Weed: Tax Season Never Ends

MORE JIM MARTY: Jim Marty: The Rise of a Cannabiz CPA [VIDEO]  |  Jim Marty: The Two Crippling Compliance Issues for Cannabis Industry [VIDEO]  |
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But let’s back up a bit: In 2009, Marty, who already had a successful traditional CPA firm with a staff of 10 and nearly 1,000 clients, decided to accept cannabusinesses into his clientele.