Liz Gold, Author at CPA Trendlines

Cannabis: Top Trends to Watch in 2019

4 experts offer their insights.

There’s no denying it – cannabis is hot and more people (CPAs included) are jumping in to be part of the Green Rush.

MORE ON CANNABIZ: CPA Takes His Cannabis Practice on the Road | Moving Beyond 280E: Dean Guske on the Cannabusiness | Cannabis Lights Up Midterm Ballots | Squar Milner Takes on Cannabis in California and Beyond | 4 Best Things About Being a ‘Dope’ Accountant | 5 Biggest Mistakes Cannabis CEOS Make | Five Secrets to Launching Your Own Cannabis Accounting Firm
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November’s midterm elections proved that people across the country are in support of legalizing cannabis – in some fashion – bringing that number up to 33 states that have some measure of access to cannabis. According to NORML, so far in 2019, there are nine states with pending legislation to legalize adult use cannabis – including Vermont, New Jersey, Illinois and Washington, D.C. Legalization for medical use is also under way for four states – South Carolina, Tennessee, Indiana and Texas.
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CANNABIS

CPA Takes His Cannabis Practice on the Road

Portrait of Frank Palomino Jr. — Palomino

He says 280E issues aren’t going away.

By Liz Gold
CannaBizCPA.Pro

Frank Palomino Jr. is ready to roll up his sleeves for cannabis companies.

MORE ON CANNABIZ: Moving Beyond 280E: Dean Guske on the Cannabusiness | Cannabis CPA Carves Out Investment Research Niche | ‘Genius Accountant’ Helps Cannabiz Clients Manage Effectively | Bruce Jolliff: Jumping into Cannabis Head First | Mark Guiley Oversees New Cannabis Niche | Jessica Velazquez on Cannabis Accounting and Activism | PODCAST: Jim Marty and Cory Parnell Go National
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Having obtained his CPA designation in March 2017, Palomino started his company just a few months later in July to live the CPA dream of hanging out a shingle and building up a book of clients.
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CANNABIS

Moving Beyond 280E: Dean Guske on the Cannabusiness

Why the industry is in a sweet spot right now.

By Liz Gold
CannaBizCPA.Pro

Here’s a piece of advice for accountants and CPAs in the cannabusiness industry – don’t get hung up on 280E.

That’s right, you read correctly.

More at CannaBizCPA.Pro: Matthew Karnes Provides Cannabis Research for Investors | Leveraging R&D Credits and Depreciation for Cannabis Clients | Cannabis Lights Up Midterm Ballots | Squar Milner Takes on Cannabis in California and Beyond | Marcum LLP: Moving Forward in Cannabis with Confidence | Tom Achor: At the Intersection of Cannabis Accounting and Technology | PODCAST: John Repetti and Mitzi Hollenbeck of Citrin Cooperman.| Leveraging R&D Credits and Depreciation for Cannabis Clients | 5 Challenges for Cannabusinesses | Dope CFO Levels Up Its Offerings | Cannabis Trends: What CPAs Need to Know for 2018 and Beyond

More Dean Guske: The Wild World of Weed: Tax Season Never Ends [VIDEO] | America’s New Breed of Cannabis CPAs [VIDEO]

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At least, according to Dean Guske, CPA, MST and owner of Guske & Company in Bellevue, Washington.
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CANNABIS

Cannabis CPA Carves Out Investment Research Niche

Matthew Karnes suggests ancillary businesses, not growers.

By Liz Gold
CannaBizCPA.Pro

By 2022, Matthew Karnes, CPA, said he expects every state in the country will have implemented either a medical-only or a fully legal cannabis market to reach $35 billion in retail sales.

More at CannaBizCPA.Pro: Leveraging R&D Credits and Depreciation for Cannabis Clients | Cannabis Lights Up Midterm Ballots | Squar Milner Takes on Cannabis in California and Beyond | Marcum LLP: Moving Forward in Cannabis with Confidence | Tom Achor: At the Intersection of Cannabis Accounting and Technology | PODCAST: John Repetti and Mitzi Hollenbeck of Citrin Cooperman
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Karnes, who is the founder of GreenWave Advisors, talked about his projections for the industry’s growth in the opening keynote for the NYSSCPA Cannabis Conference.
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CANNABIS

Leveraging R&D Credits and Depreciation for Cannabis Clients

CPAMD’s Bryan McDonald shows clients how to start off on the right foot.

By Liz Gold
CannaBizCPA.Pro

How a cannabis company is structured can have huge tax implications – and getting companies set up correctly, from the get-go, is what Bryan McDonald does when he starts working with a cannabis client.

More at CannaBizCPA.Pro: Cannabis Lights Up Midterm Ballots | ‘Genius Accountant’ Helps Cannabiz Clients Manage Effectively | Bruce Jolliff: Jumping into Cannabis Head First | Mark Guiley Oversees New Cannabis Niche | Jessica Velazquez on Cannabis Accounting and Activism | PODCAST: Jim Marty and Cory Parnell Go National | 5 Biggest Mistakes Cannabis CEOS Make
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As he said, “How you form your entity is really key. It is much more difficult to do that later in the life of a cannabis company.”
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