The importance of proper accounting for cannabis businesses

  • In more extreme cases, significant penalties have been handed out for lack of accuracy, such as in the Alterman-Gibson court case , with a $78,000 accuracy penalty, and the Northern California Small Business Assistants case , with a $250,000-plus accuracy penalty.
  • Marijuana companies need a cannabis accountant trained in keeping sound books and records.
  • Buyers will be looking for cannabis companies that: Maintain clean books and records.
  • For more of Marijuana Business Daily’s ongoing coverage of the coronavirus pandemic and its effects on the cannabis industry, click here .

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