Marijuana is illegal under the federal law and this makes bookkeeping for dispensary business difficult and stressful. Accounting is a pain point for marijuana business owners because there are not many CPAs or legal firms that offer their services to clients from the marijuana industry. There are a number of accounting and bookkeeping problems that are unique to the marijuana industry. Some of the common problems marijuana business owners run into include lack of banking services, IRS Code 280E, denial of services from vendors, etc.
Running a marijuana business the way you want may seem intimidating, but if you hire a professional accountant who has knowledge about this industry, you will be able to save yourself a great deal of hassle. Bookkeeping for dispensary is not something that anyone can handle. Most of the accountants out there don’t want to work with marijuana businesses but there are some CPAs that are skilled enough to handle bookkeeping and accounting for these dispensaries. For you to find a skilled professional, you may have to do a little hunting. You may have to carry out a research and look for a professional that has handled marijuana business clients in the past. If you find the right professional, you will be able to save yourself a lot of hassle and time.
If you are wondering how to open a medical cannabis business, then take our cannabis business workshop at California college for cannabis, in San Diego, Pasadena and Sacramento; Our attorneys and industry leading network of professionals will be hosting a to go over all aspects of cannabis business licensing, start-up and operation.
At 420 College – it all begins with helping YOU to understand what is proper, lawful and appropriate!
Our hands on medical cannabis business start-up seminars or one-on-one consultations are perfect way to get started!
You get an intense 2 days of advanced information about how to start and operate a medical cannabis business in California. Find out how 420 College 2 DAY seminars can help you in your business, click here.