podcast: jim marty and cory parnell go national
what makes a cannabusiness successful?
liz gold catches up with jim marty and cory parnell of bridge west cpas and consultants at mjbizcon next all about the latest trends in the cannabis industry.
what makes a cannabusiness successful?
liz gold catches up with jim marty and cory parnell of bridge west cpas and consultants at mjbizcon next all about the latest trends in the cannabis industry.
liz gold interviews the director of client relations at complete controller.
clients are easy to find.
by andrew hunzicker
cannabizcpa.pro
serving the cannabis niche in today’s world is a once-in-a-lifetime event for an accountant, as this industry as it appears is rapidly moving toward federal legalization. the industry is filled with issues and headaches around banking, software, cash management, risk management, merchant services, compliance, continuous regulatory (state, county, city) changes, and last but not the least: accounting.
more: 5 biggest mistakes cannabis ceos make | five secrets to launching your own cannabis accounting firm | five reasons accountants should serve cannabis clients | cpa andrew hunzicker creates course in cannabis accounting
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in any industry, accountants and bookkeepers are often given the extra roles around insurance, hr, compliance and anything else the ceo doesn’t enjoy. because most of mainstream accounting is still waiting for federal legalization, this provides a great opportunity for us who want to enter the fastest growing niche in the u.s., with over 10,000 new companies being launched this year alone. so what is so great about serving this niche?
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… and how to use them to land a client.
by andrew hunzicker
cannabizcpa.pro
the single biggest mistake cannabis ceos make is not paying enough attention to compliance.
more: five secrets to launching your own cannabis accounting firm | five reasons accountants should serve cannabis clients | cpa andrew hunzicker creates course in cannabis accounting
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that’s not surprising, considering many cannabis companies – especially those that have evolved out of the black market – are going from a completely unregulated black market to one of the most regulated industries in the u.s.
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start with “shock-and-awe” service and tie billing rates to clients’ topline revenues.
by andrew hunzicker
cannabizcpa.pro
to succeed in an accounting business in the booming cannabis niche, firms must be able to deliver real value to clients.
more at 卡塔尔世界杯常规比赛时间’ cannabizcpa.pro: five reasons accountants should serve cannabis clients | derek davis keeps california cannabis clients informed | corporate to cannabis: laura durham of kind accounting | corporate to cannabis: laura durham of kind accounting | the fire starter: groundbreaking cannabis cpa luigi zamarra | commercial medical marijuana use comes to michigan
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it’s the first of five essential ingredients you’ll need in order to prosper because many ceos think of accounting and bookkeeping as a “cost” and a headache.
so your offering needs to be world-class, delivering “shock and awe” service to each of your clients.
the biggest growth industry since cable tv desperately needs good accountants.
by andrew hunzicker
cannabizcpa.pro
there are many reasons that accountants, bookkeepers, and cpas are launching their own cannabis firms, and some of these might apply to you as well.
more on cannabis accounting: corporate to cannabis: laura durham of kind accounting | the fire starter: groundbreaking cannabis cpa luigi zamarra | cpa marcena sorrels: from health care in texas to cannabis in oregon | survey: n.j. cpas support recreational cannabis | cpa kim walker: ‘we can’t be afraid of diving into marijuana’ | a cpa’s unexpected journey into the cannabis industry | billion-dollar questions: cannabis faq for accountants | pioneering cannabiz cpa warns: tread softly
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here are just five: read more →
word to the wise: have a partner.
by liz gold
cannabizcpa.pro
if you’re on the email list of california cannabis cpa, expect to receive a weekly roundup of cannabis licensing deadlines, requirements and more from around the state.
more on cannabiz: corporate to cannabis: laura durham of kind accounting | the fire starter: groundbreaking cannabis cpa luigi zamarra | cpa marcena sorrels: from health care in texas to cannabis in oregon | survey: n.j. cpas support recreational cannabis | cpa kim walker: ‘we can’t be afraid of diving into marijuana’ | a cpa’s unexpected journey into the cannabis industry | billion-dollar questions: cannabis faq for accountants | pioneering cannabiz cpa warns: tread softly
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it’s a way founder derek davis, cpa, not only stays in front of his clients, prospects and community but provides them with information they should know as the industry unfolds in california.
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required of clients: a legal bank account or detailed cash logs.
by liz gold
cannabizcpa.pro
a proponent of marijuana since college, laura durham, cpa, went into private industry after a stint at arthur andersen. she worked at a beef company, a software company and later at a manufacturing company.
more on cannabiz: the fire starter: groundbreaking cannabis cpa luigi zamarra | commercial medical marijuana use comes to michigan | cpa john dillinger on california’s prop 64 | cpa andrew hunzicker creates course in cannabiz accounting | cannabiz cpa: dani espinda chooses option number three | the two crippling compliance issues for cannabis industry
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it was during this time the course of her life changed.
recently divorced, with primary custody of two children, she found herself overwhelmed by the demands of full-time corporate life. so, when a consultant colleague asked her if she’d consider going out on her own to help cannabusinesses in need, durham gave it some thought and decided to go for it, launching kind accounting out of her home in loveland, colorado.
“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.
more on cannabiz:commercial medical marijuana use comes to michigan | ben condon on launching a cannabis cpa firm: ‘the opportunity presented itself’ | cpa simone cimiluca-radzins launches ‘linkedin of cannabis’ | jim marty: building a national cpa firm for the cannabis industry | jordan cornelius: guiding cannabiz clients through minefields | wayne harding: from tech boom to cannabis boom
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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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cpa kareyna miller keeps up with the changing landscape.
by liz gold
cannabizcpa.pro
cpa kareyna miller has always had a connection to the cannabis industry.
more on cannabiz: ben condon on launching a cannabis cpa firm: ‘the opportunity presented itself’ | cpa marcena sorrels: from health care in texas to cannabis in oregon | survey: n.j. cpas support recreational cannabis | cpa kim walker: ‘we can’t be afraid of diving into marijuana’ | a cpa’s unexpected journey into the cannabis industry | billion-dollar questions: cannabis faq for accountants
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since 2009, she has been an activist and patient, but this past summer she put her traditional public accounting background to work for the industry, starting lc solutions michigan.
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a lot of client education is involved.
by liz gold
cannbizcpa.pro
recently, i had the opportunity to attend an oregon cannabis industry meetup group in portland. it’s a networking event for cannabis professionals and businesspeople who want to mix and mingle. after the speaker, an “open mic” for businesses is held, at which individuals have a minute to give an elevator pitch about their cannabusiness.
more on cannabiz: cpa marcena sorrels: from health care in texas to cannabis in oregon | cpa john dillinger on california’s prop 64 | cpa andrew hunzicker creates course in cannabiz accounting | cannabiz cpa: dani espinda chooses option number three
more at 卡塔尔世界杯常规比赛时间’ cannbizcpa.pro
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that’s how i met ben condon – he got up and talked about his cpa firm, bc consulting, llc, which he describes as a small boutique niche cpa firm focused on the cannabis industry.
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it’s not a field for the weak of heart, she says.
by liz gold
cannbizcpa.pro
cpa marcena sorrels dubs herself an “old timer” as it pertains to public accounting. she has a long history of management in the financial, regulatory and human resources arenas. she’s been a top executive in a number of healthcare companies in texas. and she recently completed a tenure with a company at which she was both an owner and the cfo. that company sold for more than $37 million over two years ago.
more on cannabis: billion-dollar questions: cannabis faq for accountants | cannabiz cpa: dani espinda chooses option number three | cpa john dillinger on california’s prop 64 | jim marty: building a national cpa firm for the cannabis industry | ready or not: cpa firms find new opportunity in booming cannabis industry | cpa andrew hunzicker creates course in cannabis accounting | cpa simone cimiluca-radzins launches ‘linkedin of cannabis’
browse more at 卡塔尔世界杯常规比赛时间’ canabizcpa.pro
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“i was out of a job and had had my fill of health care,” sorrels says. “at the same time our daughter moved to oregon to open up a cannabis dispensary and my husband and i got interested. we ended up investing in the dispensary.”
from there, sorrels says, she started thinking about putting her skills to work for the industry. she saw a need for good accounting and she had always loved helping and teaching business owners how to understand their financial information to improve their operations. so, she packed up her life in texas and headed out to the pacific northwest.
and that’s how 420 financial strategies was born.
he’s been aiming for this day since 1980.
by liz gold
cannabizcpa.pro
as recreational cannabis becomes legal in california this month, the cannabis community is getting prepared for what’s to come.
more on cannabiz: cpa simone cimiluca-radzins launches ‘linkedin of cannabis’ | survey: n.j. cpas support recreational cannabis | cpa kim walker: ‘we can’t be afraid of diving into marijuana’ | a cpa’s unexpected journey into the cannabis industry
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john dillinger, cpa, cgma, pfs, is a former irs agent in oakland who, after leaving the irs to manage at a local cpa firm in 2007, found himself working with clients in the medical marijuana industry. fast forward to today and dillinger has struck out on his own with two offices in burlingame and palm springs and is ready to help cannabusinesses launch and stay competitive in the booming market.
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