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From the moment that Maryland’s voters approved the adult-use of marijuana in convincing fashion, attention turned to Annapolis, where state lawmakers were tasked with finalizing the ground rules of the new market. Current and prospective entrepreneurs in the industry need to consider the tax implications brought about by the Cannabis Reform Act, the state’s new law establishing a legal adult-use marketplace.Learn More
The legalization of cannabis for medical and recreational use in many states presents a wealth of opportunities in a new market, but with an added layer of complexity. Taxation is much different in the cannabis industry than in a traditional business.
Heavy regulation and the different levels of acceptance between federal and state governments require careful examination of accounting practices, certifications, licenses and federal, state and local tax information.
Our dedicated team of cannabis accounting specialists is armed with the knowledge and understanding of best practices and compliance requirements in the individual markets we serve. As quickly as the cannabis industry moves with new regulations, requirements, and legalization in more states, the agility of our team is one of our key components.
We take the time to follow all cannabis industry trends on a national scale so that we are able to assist you with new opportunities in emerging markets and new compliance requirements that may impact your business.
With a proactive approach to client service, we are constantly communicating with your team to maintain a collaborative relationship as a trusted advisor to your business. Our team is constantly monitoring changes and updates pertaining to your business and we make it a priority to provide you with the latest information.
As a top national accounting firm servicing the cannabis market, we have assisted numerous clients in all stages of entering and exiting the cannabis market to position our clients as leaders in the industry.