{"id":58139,"date":"2019-03-08t12:00:09","date_gmt":"2019-03-08t17:00:09","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=58139"},"modified":"2019-03-21t08:53:44","modified_gmt":"2019-03-21t12:53:44","slug":"john-pellitteri-takes-grassi-full-steam-into-the-cannabis-industry","status":"publish","type":"post","link":"\/\/www.g005e.com\/2019\/03\/08\/john-pellitteri-takes-grassi-full-steam-into-the-cannabis-industry\/","title":{"rendered":"john pellitteri takes grassi full steam into the cannabis industry"},"content":{"rendered":"
\"portrait<\/a>
pellitteri<\/figcaption><\/figure>\n

it began with health care.
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by liz gold<\/i>
\ncannabizcpa.pro<\/i><\/a><\/p>\n

when john pellitteri noticed a significant increase in the cannabis-related questions in the business community, he immediately took ownership of building the consulting team that was missing to help guide those conversations into opportunity.<\/p>\n

more on cannabiz:<\/b> cannabis: top trends to watch in 2019<\/a> | cpa takes his cannabis practice on the road<\/a> | leveraging r&d credits and depreciation for cannabis clients<\/a> | 5 challenges for cannabusinesses<\/a> | dope cfo levels up its offerings<\/a> | cannabis trends: what cpas need to know for 2018 and beyond<\/a> | podcast: drew dearlove talks about the cannabis business<\/a> | five secrets to launching your own cannabis accounting firm<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

pellitteri, the healthcare and cannabis practice leader at grassi & co., headquartered in new york, ny, has spent close to 30 years working with hospitals, physicians and outpatient centers. at the beginning of 2016, he started fielding questions about medical cannabis.
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\nat first, the firm\u2019s clients wanted to understand the changing dynamics that were happening in new york and new jersey in the health care industry and act on their belief that the plant was effective for treatments. they also wanted to know the specifics of practicing with medical cannabis, and if so, what the process was to dispense it for patients and how it would impact them from a tax perspective.<\/p>\n

so, the research began.<\/p>\n

\u201cmedical cannabis was changing in new york and new jersey and as the partner in charge, it was beholden on me to be on top of it,\u201d he said. \u201ci went out to colorado, met some accountants out there. it was important to go where it started. i did my due diligence and came back with a thesis.\u201d<\/p>\n

he presented the thesis to grassi\u2019s executive committee and made the case for starting to take on cannabis clients. grassi has a formal, diligent way of approaching any new industry and cannabis was no different. pellitteri and his team put the work in. with this approach, he had to provide the answers to the questions, \u201cdoes our premise make sense? does this have substance?\u201d it did.<\/p>\n

with data organized from countless research calls and further examination, pellitteri presented the findings to the executive committee.<\/p>\n

\u201cas i came to them with the underlying data, our cannabis practice was born,\u201d pellitteri said. \u201ctwo years ago, we went full steam with it.\u201d<\/p>\n

now, he\u2019s the cannabis practice leader and the firm is representing clients in seven different states and two countries, with prospects already emerging in other states and countries as well. he said, like any early-stage industry practice in a firm, it\u2019s him and another partner who spend about 85 percent of their time with cannabis clients. they draw from the skills, resources and expertise they have internally, including<\/p>\n