If you are looking for the best partners in the cannabis industry dealing with accounting and bookkeeping this is the right category for you.
As nearly every article on the topic of cannabis in the United States compulsively emphasizes, the Controlled Substances Act classifies marijuana as a Schedule I substance. The federal government considers it to be highly addictive, extremely dangerous, and possessed of no known medical uses or benefits. As a result, personal possession and consumption as well …
One of the greatest problems facing the marijuana industry today is money. It’s not that entrepreneurs and startups are foundering. Quite the contrary—marijuana in America, medical and otherwise, is a rapidly expanding industry. In 2016, it generated around $7 billion in sales. That’s a pretty respectable influx of cash for a relatively young sector. And …
What is PotCoin? The rise of Cannabis Cryptocurrency Read More »
Cannabis Industry Bookkeeping and Accounting Cannabis accounting is more complex than most industries as there are rapidly changing legislation and strict reporting requirements. In addition, there are nuances for an accountant in this space concerning taxation, available banking and payment processing, and software. Not to mention, the cannabis industry typically has many verticals, even in …
Cannabis Accounting: Everything You Need to Know about Cannabis Industry Bookkeeping Read More »
