Sep 21, 2020
Cannabis for medicinal or recreational use is a fast-growing
business, and the advisory opportunities for accountants in the
industry are also growing. Along with those opportunities are
emerging issues on the regulatory and risk fronts. Ron Seigneur,
CPA/ABV, the managing partner of Colorado firm Seigneur Gustafson
LLP, shares more on the topic, including what to look for in
proposed federal legislation. What you’ll learn from this episode:
- An explanation of the difference between cannabis, hemp, and
marijuana. - More on the cannabis-specific guidance for accountants
offered by the AICPA and the National Association of State Boards
of Accountancy. - The professional risks to consider before adding
clients from cannabis-related industries. - The COVID-19 pandemic’s
effect on cannabis businesses. - Why legalization in some states
does not mean those states become cannabis epicenters. - How
legislation could change the landscape for cannabis businesses.