{"id":54276,"date":"2018-04-06t16:31:54","date_gmt":"2018-04-06t20:31:54","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=54276"},"modified":"2018-05-04t09:23:48","modified_gmt":"2018-05-04t13:23:48","slug":"five-reasons-accountants-serve-cannabis-clients","status":"publish","type":"post","link":"\/\/www.g005e.com\/2018\/04\/06\/five-reasons-accountants-serve-cannabis-clients\/","title":{"rendered":"five reasons accountants should serve cannabis clients"},"content":{"rendered":"
the biggest growth industry since cable tv desperately needs good accountants.<\/b><\/p>\n
by andrew hunzicker there are many reasons that accountants,\u00a0bookkeepers, and cpas are launching their own cannabis firms, and some of these might apply to you as well. more on cannabis accounting:<\/b>\u00a0corporate to cannabis: laura durham of kind accounting<\/a>\u00a0|\u00a0the fire starter: groundbreaking cannabis cpa luigi zamarra<\/a>\u00a0|\u00a0cpa marcena sorrels: from health care in texas to cannabis in oregon<\/a>\u00a0|\u00a0survey: n.j. cpas support recreational cannabis<\/a>\u00a0|\u00a0cpa kim walker: \u2018we can\u2019t be afraid of diving into marijuana\u2019<\/a>\u00a0|\u00a0a cpa\u2019s unexpected journey into the cannabis industry<\/a>\u00a0|\u00a0billion-dollar questions: cannabis faq for accountants<\/a>\u00a0|\u00a0pioneering cannabiz cpa warns: tread softly<\/a><\/p>\n exclusively for pro members.\u00a0<\/span><\/strong>log in here<\/a>\u00a0or\u00a02022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n here are just five:<\/p>\n 1. growth<\/strong><\/p>\n cannabis is the fastest growing industry in the us.\u00a0industry think tank arcview group says this:\u00a0\u201cvery few consumer industry categories reach $5 billion in annual spending and then post anything like 25 percent compound annual growth across the following five years. cable television came close, growing 19 percent annually in the late 1980s as national networks like cnn and hbo proved to be wildly popular.”<\/p>\n sales are estimated to top $20 billion in the next couple of years. in nine states cannabis is fully legal for adult use, and there are only six states in which cannabis is completely illegal, even for limited-use medical purposes. it is the one national agenda item that has bipartisan support and 71\u00a0percent of the population opposes federal government efforts to stop marijuana sales, according to a cbs news poll.<\/p>\n 2. opportunity<\/strong><\/p>\n the cannabis is the least served industry by accountants.\u00a0almost all major and mid-sized (and even many small) accounting firms have chosen to stay out of this space due to federal legality and insurance requirements. that said, many cpas and accountants are successfully serving this industry in most states in the u.s. the absence of \u201cbig accounting\u201d has created a huge vacuum and need for good\/qualified accountants to serve the 1000\u2019s of companies that are being launched each year nationwide.<\/p>\n that said, do your diligence, when deciding if this niche is for you. the aicpa’s \u201cissue brief on state marijuana laws and the cpa profession\u201d strongly encourages contacting the state board where the cpa is located and discussing the state\u2019s position on serving cannabis clients. it goes on to say:\u00a0\u201cthe aicpa is not aware of any state boards of accountancy that have taken action against a cpa for providing services to a marijuana business, nor has the aicpa professional ethics team received any referrals from state boards for such action.” and, “the growing medical and recreational marijuana industry provides numerous business opportunities for cpas, but the potential for increased business also involves risk.”<\/p>\n
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