Do’s and Don’ts for Cannabis CPAs

Portrait of Kevin Michaelan

Q&A with Kevin Michaelan: “The complexity and risks cannot be understated.”

By CPA Trendlines Research

Kevin Michaelan, CPA, MST, is the director of cannabis practice at AAFCPA, a leading CPA and consulting firm based in Boston with national & global reach. Massachusetts recently authorized sales of cannabis for recreational use, and the first retail stores opened last year.

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Here Michaelan offers CPA Trendlines insights into some of the technicalities of accounting for cannabis businesses.

Q: How is your firm involved in the cannabis industry?