cannabis

pioneering cannabiz cpa warns: tread softly

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portland highway sign with marijuana leaf

cpa luigi zamarra says the industry is fraught with dangers.

by 卡塔尔世界杯常规比赛时间 research

cannabizcpa.pro

there’s a whole lot of shake-up going on in the biggest new niche in the accounting business. it’s the cannabiz—the legal planting, harvesting, processing and selling of that federally illegal substance, cannabis, whether for medicinal or recreation purposes.

more on the cannabis niche: a cpa’s unexpected journey into the cannabis industry  |  the two crippling compliance issues for cannabis industry  |  wayne harding: from tech boom to cannabis boom  |  billion-dollar questions: cannabis faq for accountants  |  ready or not: cpa firms find new opportunity in booming cannabis industry  |  america’s new breed of cannabis cpas [video]  |  irs section 280e & marijuana: tax limbo or hell?  |  the rise of the nation’s top cannabiz cpa  |  cpa cannabiz boom  |  the wild world of weed: tax season never ends  |  what’s a cannabiz worth? ask a cpa.  |  more for pro members…

this month, oregon becomes the fourth state to legalize possession of marijuana for recreational purposes. recreational use is also legal in alaska, colorado and washington, and several other states allow its use for various medicinal purposes.

but that doesn’t mean it’s legal. according to the u.s. department of justice, it’s still a schedule i controlled substance. and while the irs doesn’t bust people for possession or use, it does require special accounting and tax treatment.

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a cpa’s unexpected journey into the cannabis industry

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marijuana cannabis and dollars dollarphotoclub_66817773 b

accountants at a crossroads in serving clients in an emerging industry.

by justin p. breidenbach
ohio wesleyan university

being a cpa and academic, it’s not unusual to answer unique questions related to accounting. whether they’re questions about taxes, financial statements, internal controls, or just understanding operational efficiencies, people are usually trying to understand the various paths to success through the numbers — or they’re looking for a secret nugget of information that will keep more cash in their pocket.

inquiries like that are all in a day’s work for an accountant. i’ve discovered that there are few surprises, and eventually the promise of a new and exciting question fades away.  although i constantly tell people how accounting is more than just debits and credits, i feel like we all have times where monotony sneaks its way into our professional life.

that all changed for me two years ago, when i got a question that not only surprised me, but wasn’t easily answered without some extensive research.

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cpa cannabiz boom

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250 new clients in two years.

by 卡塔尔世界杯常规比赛时间

cannabizcpa.pro

for a couple of years now, guske & co. pllc, has been venturing into a vast new niche in the great northwest where the people are nice, easy-going entrepreneurs with a pioneering spirit and a willingness to learn, follow rules, and take risks. his niche — the booming cannabis biz. booming to the tune of 250 new clients in two years, an annual growth rate of 80 percent.

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