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.



November 21, 2019
New Businesses – Advising Clients on Related Tax Issues and Accounting, Auditing and Tax Considerations for the Cannabis Industry
Mount Laurel

The CPA's Guide to Getting Started in Cannabis Accounting

Posted: August 10, 2018
Equipped with a specialized skill set and sophisticated financial knowledge, CPAs have the opportunity to enter a burgeoning market — projected to reach an economic impact of $70 billion in the U.S. by 2021 — where they can access a new realm of clients in dire need of their help, not to mention a substantial new source of revenue for their firms.

Big Opportunities in Cannabis Clients, Compliance

Posted: August 2, 2018
Experts demystify the very young and evolving industry, and share advice on how to work with potential clients in the business.

Marijuana Retailer Loses in Tax Court Thanks to Inadequate Records

Posted: July 5, 2018
In a recent decision, the Tax Court illustrated the importance of good record-keeping, as well as the continuing barrier the Tax Code poses for the full deductibility of expenses related to marijuana facilities, in Alterman v. Commissioner, T.C. Memo 2018-83.

Statement from the NJCPA About New Jersey’s Cannabis Industry

Posted: June 6, 2018
New Jersey’s expansion of the medical cannabis program and the potential for legalization of recreational use on the horizon brings an increased demand for professional services by certified public accountants. The NJCPA and New Jersey CPAs stand ready to be a resource.

Managing the Risks of Serving Cannabis Clients

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.

From the NJCPA Focus blog: