CPAs Serving the Cannabis Industry

 

Gov. Phil Murphy's support of legalizing cannabis has prompted CPAs and other professionals to begin figuring out the ground rules of a potential multibillion-dollar industry. Join the NJCPA's new Cannabis Interest Group to gain information, insights and best practices as we wait for the legislative and regulatory process to play out in Trenton.

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Preparing to Work Indirectly with the Cannabis Industry

Posted: March 1, 2018
Practitioners should be aware that even if they do not want to work directly with new cannabis industry clients, some of their existing clients may not have the same hesitancy, and this can present the practitioner with the same ethical concerns that would be encountered with a new client.

Recreational Marijuana Use Should Be Legalized in NJ, Say More Than 50 Percent of New Jersey CPAs Polled

Posted: December 14, 2017
More than 50 percent of the 747 New Jersey certified public accountants (CPAs) polled by the New Jersey Society of CPAs (NJCPA) in November said recreational marijuana use should be legalized in the state. Their reasons stemmed from it being a good source of tax revenue for the state and the potential for removing some of the burden on state prisons.

The Pitfalls of Expense Deductibility for Medical Cannabis

Posted: June 26, 2017
Pennsylvania recently joined the growing list of states where medical cannabis has been legalized. Pennsylvania is planning on issuing several different licenses, two of which are cannabis growers/processers and cannabis dispensaries. At the Federal level, find out what the challenges are.