The Fire Starter: Groundbreaking Cannabis CPA Luigi Zamarra

Portrait of Luigi Zamarra
Zamarra

"If they follow GAAP in their accounting systems, income taxes will bankrupt them."

By Liz Gold
cannabizcpa.pro

You might have seen Luigi Zamarra, CPA back in the first episode of Weed Wars, a 2011 Discovery Channel series about the day-to-day operations of Oakland, California’s Harborside Health Center. Zamarra played himself, the chief financial officer of the world’s largest medical cannabis dispensary.

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It was during his tenure at Harborside that Zamarra noticed the cannabis industry was humming along without realizing the implications of IRS Code 280E. To bring the issue to light, he wrote an article in Kush Magazine warning those in the industry how he anticipated the code section being an issue.

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Liz Gold

Liz Gold

About the Author

Liz Gold, CPA Trendlines expert author on CannaBizCPA.pro, has been writing about the accounting profession for over a decade. Her specialty areas include radical people, ideas, and progressive social change. A former senior editor at Accounting Today, she is the founder and CEO of Rhino Girl Media, a media company that helps accounting firms, companies, and individuals evolve their brand voice and advance their mission. She can be reached at rhinogirlmedia.com

Click here for more by Liz Gold