Cannabis & Accounting Resources

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Cannabis & Accounting Resources

While cannabis remains illegal at the federal level, state-level legalizations and pandemic sales boom indicate that it’s not going anywhere. The regulatory intricacies of this industry, paired with its massive growth, make cannabis an great candidate for professional accounting services – but not without risks. We’ve collected a few articles that cover trends, risks, and guidance for firms and CPAs considering taking on cannabis-related clientele.

Cannabis: ‘A bit of a bright spot’ for accountants via Accounting Today

This article explores cannabis companies’ 2020 success, how regulatory chaos makes them ideal accounting clients, the hurdles accountants working in this niche face, and more.

Serving cannabis clients: Understand the risks’ via Journal of Accountancy

This article offers a primer on the types of products that fall under “cannabis,” the importance of working solely with licensed operators, the criticality of reading up on state-specific laws, and more.

Accounting and the US cannabis industry: federal financial regulations and the perspectives of Certified Public Accountants and cannabis businesses owners’ via the Journal of Cannabis Research

This research study surveyed cohorts of cannabis-related businesses (CBRs) and CPAs to explore attitudes and trends across the intersection of these two niches. Though most CPAs surveyed stated that they would not take on CBRs as clients, all of the CBRs surveyed stated that they’ve engaged CPAs for their businesses.

Cannabis Accounting: What Your Clients Need to Know’ via CPA Practice Advisor

This article covers the basic frameworks and insights you should have before heading into conversations with cannabis-related clients about serving them.

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Cannabis & Accounting Resources

While cannabis remains illegal at the federal level, state-level legalizations and pandemic sales boom indicate that it’s not going anywhere. The regulatory intricacies of this industry, paired with its massive growth, make cannabis an great candidate for professional accounting services – but not without risks. We’ve collected a few articles that cover trends, risks, and guidance for firms and CPAs considering taking on cannabis-related clientele.

Cannabis: ‘A bit of a bright spot’ for accountants via Accounting Today

This article explores cannabis companies’ 2020 success, how regulatory chaos makes them ideal accounting clients, the hurdles accountants working in this niche face, and more.

Serving cannabis clients: Understand the risks’ via Journal of Accountancy

This article offers a primer on the types of products that fall under “cannabis,” the importance of working solely with licensed operators, the criticality of reading up on state-specific laws, and more.

Accounting and the US cannabis industry: federal financial regulations and the perspectives of Certified Public Accountants and cannabis businesses owners’ via the Journal of Cannabis Research

This research study surveyed cohorts of cannabis-related businesses (CBRs) and CPAs to explore attitudes and trends across the intersection of these two niches. Though most CPAs surveyed stated that they would not take on CBRs as clients, all of the CBRs surveyed stated that they’ve engaged CPAs for their businesses.

Cannabis Accounting: What Your Clients Need to Know’ via CPA Practice Advisor

This article covers the basic frameworks and insights you should have before heading into conversations with cannabis-related clients about serving them.