Maryland Cannabis Accountants: Choosing the Right Professionals For Your Business
In Maryland, the need for specialized cannabis accountants has grown significantly due to the expanding and emerging market. Hiring a specialized cannabis accountant in Maryland requires you to consider various factors such as experience, industry knowledge, communication skills, additional services, and more (we’ll discuss below). By conducting thorough research and considering these factors, you can […]
Bookkeeper vs. Accountant: What’s the Difference?
In the cannabis sector, the need for flawless record-keeping and accounting combined with permanently evolving regulations means cannabis businesses face a steep challenge in maintaining financial compliance. Relying solely on in-house methods for cannabis bookkeeping and accounting purposes could prove futile, especially given the busy pace of the cannabis space. Thus, the wisest approach to […]
What Do Dispensaries Do With All Their Cash?
Many states in the U.S have legalized marijuana for medical and recreational purposes, making it a multibillion-dollar industry. Plant touching operations, like dispensaries, enjoy a steady cash flow under perfectly legal and licensed state laws. However, federal law still categorizes cannabis as a Schedule 1 drug, causing issues regarding banking and customer payment methods. Have […]
