Posted: May 23, 2018
Lawmakers are looking to revamp how tax revenue from legalized cannabis is incorporated into the state budget, following talks between the Democratic administration and Sen. Nicholas Scutari, D-22nd District, an ardent supporter of marijuana legalization.
Posted: May 16, 2018
As part of your process in assessing “risks,” never forget that your professional acts and decisions will be judged in hindsight. Therefore, if your firm decides to service cannabis clients (or any other higher-risk clients, for that matter), be extremely attentive to malpractice rules.
Posted: April 30, 2018
Providing accounting services to marijuana businesses is full of potential legal and ethical minefields.
Posted: April 13, 2018
The biggest growth industry since cable TV desperately needs good accountants.
Posted: April 6, 2018
Several New Jersey accounting firms discuss the decision of whether or not to serve clients in 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.
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.
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.