cannabizcpa.pro<\/a><\/em><\/p>\nmary jane has been good jim marty, cpa. he approached her carefully, slowly, unsure whether the apparent risk meant danger or opportunity. after all, the two tend to go hand in hand.<\/p>\n
<\/p>\n
actually, it wasn\u2019t mary jane, per se, that he was interested in. rather, he was interested in the industry mary jane was in, alias the cannabiz, a.k.a. legalized marijuana.<\/p>\n
why the interest? for that most american of reasons \u2014 because that\u2019s there the money is.<\/p>\n
marty was a sole practitioner serving a local market in the denver-boulder area in 2009 when president obama issued the famous ogden memo establishing that the department of justice would not interfere with marijuana businesses in states where dealing in that controlled substance was legal. at about that time he had clients calling him to ask about the tax implications of growing medical marijuana in their warehouse or opening a marijuana dispensary.<\/p>\n
his research soon put him in touch with \u201cmarijuana lawyers\u201d in denver, and they told him they had plenty of clients for him for any cpa who learned the ropes. today, he is widely considered the most prominent independent cpa in the business.<\/p>\n
\u201cthat sounded good in the middle of a great recession,\u201d marty told 卡塔尔世界杯常规比赛时间. \u201cbut i was still reluctant, so i flew out to oakland, california, to meet with some of the top marijuana lawyers and accountants. one, hank levy, who is now my partner, said, \u2018in the 17 years we\u2019ve had legal medical marijuana in california, no cpas have been sanctioned for helping this industry.\u2019\u201d<\/p>\n
after a little more due diligence, marty went back to the marijuana lawyers in denver and said he\u2019d do it. and his phone, he says, has been ringing ever since. his firm, bridge west llc, now has over 100 dispensers and growers and other clients all over colorado and across the united states.<\/p>\n
\u201cit\u2019s a fascinating business,\u201d he says, \u201cand politically, i\u2019ve always believed it should be legal, so i was glad to play my part.\u201d<\/p>\n
it was a smart move in the right place at the right time. denver was the epicenter of legalized marijuana. overnight it had 500 to 1,000 marijuana businesses up and running. it was almost as if they\u2019d been there all the time!<\/p>\n
\u201cin 2010, colorado got its first integrated model,\u201d marty says, \u201cmeaning that if you had a retail space, you had to grow 70 percent of the product on your own. whatever the criticism \u2014 that it made retailers become farmers and farmers become retailers \u2014 it effectively pulled the whole industry into the white market.\u201d<\/p>\n
now colorado marijuana growers get w-2s and have all the rights and obligations of regular employees. in california, which marty says has been struggling to organize the marijuana business for 17 years, dispensaries are legal but growing is not. consequently, half the industry is still operating on the black market.<\/p>\n
marty likes the white market.<\/p>\n
\u201cone of the first things i tell my clients is that you have to declare your income,\u201d he says. \u201cwe can talk all day long about what\u2019s deductible and what\u2019s not, but at the end of the day, you have to declare your income.\u201d<\/p>\n
marty has helped many clients and practitioners across the country with irs audits, which are pretty common. he\u2019s been able to form a nationwide network of practitioners who share information, ideas, and experiences. he gets about one new member a week, a rate that is likely to increase as more states \u201cgo medical,\u201d as in, recently, new york, connecticut, and illinois, or \u201cgo recreational,\u201d as in colorado, oregon, and washington.<\/p>\n
\u201cthe purpose is to share knowledge, share irs results, best practices, and also ways for cpas to work in this industry and not get themselves into trouble.\u201d<\/p>\n
and there it is: risk, opportunity and cpas, hand in hand. it\u2019s an exciting time out there on the frontier.<\/p>\n","protected":false},"excerpt":{"rendered":"
the straight dope on cannabis.<\/strong><\/p>\n","protected":false},"author":2561,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2759],"tags":[2188,561],"class_list":["post-42172","post","type-post","status-publish","format-standard","hentry","category-cannabis","tag-cannabis","tag-niche"],"acf":[],"yoast_head":"\njim marty: the rise of a cannabiz cpa [video] - 卡塔尔世界杯常规比赛时间<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n