{"id":41140,"date":"2020-02-08T06:00:00","date_gmt":"2020-02-08T14:00:00","guid":{"rendered":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2020\/02\/08\/build-your-own-cannabis-accounting-firm-with-dope-cfo\/"},"modified":"2020-02-09T12:52:42","modified_gmt":"2020-02-09T20:52:42","slug":"build-your-own-cannabis-accounting-firm-with-dope-cfo","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2020\/02\/08\/build-your-own-cannabis-accounting-firm-with-dope-cfo\/","title":{"rendered":"Build Your Own Cannabis Accounting Firm with Dope CFO"},"content":{"rendered":"<\/p>\n<p>The more states that come around on<br \/>\ncannabis legalization, the greater the need for knowable and capable<br \/>\naccountants, CPAs, enrolled agents, bookkeepers, CFOs, and MBAs for those<br \/>\nlooking to get into the legal cannabis market.<\/p>\n<p>However, many accounting firms, CPAs, MBAs and tax pros simply don\u2019t have the necessary knowledge, tools and work papers of the new laws, regulation, cannabis tax issues and state-wide changes that come with the territory.\u00a0For example, incorrectly advising cannabis entrepreneurs that they can reduce their tax liabilities by working around section <a href=\"\/tax-code-280e-medical-cannabis\/\">280E<\/a>.<\/p>\n<p><a href=\"https:\/\/www.dopecfo.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Dope CFO<\/a> is the premiere U.S. cannabis accounting and tax education program. Established as a resource for accountants, CPAs, enrolled agents, bookkeepers, CFOs and MBAs on how to safely and legally navigate the ever-growing cannabis industry, they\u2019re a great resource for anyone looking to build a cannabis accounting firm. The only service of its kind available today, Dope CFO has grown to nearly 500 accountants in 45 states over the last two years.<\/p>\n<p>With Dope CFO\u2019s <a rel=\"noreferrer noopener\" href=\"https:\/\/www.dopecfo.com\/diy-cannabis-accounting-sales-page\" target=\"_blank\">cannabis accounting program<\/a>, any accountant, tax professional or firm can become an expert in the cannabis niche in no time at all. Dope CFO is the super simple plug-and-play method to building a world-class cannabis accounting firm, giving you and your employees over 100 work papers, templates, cost accounting, chart of accounts and processes to build a firm to service the up-and-coming cannabis industry. This is really a cannabis accounting firm in a box, a one-step solution to what could otherwise be an incredibly complicated and costly process.\u00a0<\/p>\n<p>Still not convinced that Dope CFO<br \/>\ncan take your accounting business to the next level? Here are five reasons why<br \/>\nthe cannabis industry is the hottest niche for accounting and tax pros right<br \/>\nnow.<\/p>\n<h4>1. Cannabis Accounting Professionals Make More Money\u00a0<\/h4>\n<p>Cannabis is a very complex industry<br \/>\nand actually includes several types of sub-businesses, including farming,<br \/>\nchemical manufacture, food production, labs and retail.\u00a0 On top of that,<br \/>\nthe average \u201cmom and pop\u201d cannabis company will generate 7+ figures revenues<br \/>\ncompared to small non-canna businesses and so can afford to pay higher fees.<\/p>\n<p>Experts also project the legal cannabis industry to be worth as much as <a href=\"https:\/\/newfrontierdata.com\/marijuana-insights\/u-s-cannabis-industry-market-projections-up-20-to-30-billion-by-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">$30 billion by 2025<\/a>, meaning that there\u2019s plenty of money to go around for America\u2019s next big up-and-coming industry.\u00a0<\/p>\n<h4>2. Cannabis is the Most Underserved Niche<\/h4>\n<p>Because cannabis businesses are<br \/>\nstill federally illegal, all major banks and most large accounting firms<br \/>\nlargely are not serving this niche. The way we see it, their loss should be your<br \/>\ngain. Now is the time for you and your firm to get in on one of the<br \/>\nfastest-growing industries in the United States.<\/p>\n<p>Over <a href=\"https:\/\/www.pewresearch.org\/fact-tank\/2019\/11\/14\/americans-support-marijuana-legalization\/\" target=\"_blank\" rel=\"noreferrer noopener\">90%<\/a> of Americans currently support cannabis legalization. So, when the time comes for it to be declared federally legal, you\u2019ll want to have your foot in the door established and ready to take on cash-rich, needy businesses all over the country.\u00a0<\/p>\n<h4>3. Fastest Growing Industry in the World<\/h4>\n<p>The cannabis niche is one of the fastest-growing categories in both the U.S. and the world, backed by billions of consumer and corporate dollars and already serving millions of people.\u00a0\u00a0\u00a0<\/p>\n<p>Inexperienced accounting<br \/>\nprofessionals who aren\u2019t advising their clients properly or are treating these<br \/>\ncannabis businesses like a traditional business are costing their clients lots<br \/>\nof money, as well as leaving them exposed to potential IRS and state<br \/>\npenalties.\u00a0<\/p>\n<h4>4. Limited Competition <\/h4>\n<p>The work that you do becomes much<br \/>\neasier over time when you have systems in place that you can use across similar<br \/>\ncompanies. No more reinventing the wheel every time you work with a new client.<br \/>\nYou can do better work, more efficiently, which saves you time and makes you<br \/>\nmore money.\u00a0<\/p>\n<h4>5. This Niche is Fun &amp; Exciting<\/h4>\n<p>There are new developments every<br \/>\nmonth, so if you are looking for an industry that is innovating and growing<br \/>\nwith some of the most dynamic and brilliant minds in the country, then the<br \/>\ncannabis space is right for you.<\/p>\n<p>When you decide that getting into the industry is the right choice for you and your firm, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.dopecfo.com\/\" target=\"_blank\">Dope CFO<\/a> is your one-stop resource for all your cannabis accounting needs.\u00a0 <\/p>\n<p><strong>TELL US<\/strong>, are you interested in working as a cannabis accountant?<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/cannabisnow.com\/dope-cfo-cannabis-accounting\/\">Build Your Own Cannabis Accounting Firm with Dope CFO<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/cannabisnow.com\">Cannabis Now<\/a>.<\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nRead More: <a href=\"https:\/\/cannabisnow.com\/dope-cfo-cannabis-accounting\/\" target=\"_blank\">Build Your Own Cannabis Accounting Firm with Dope CFO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The more states that come around on cannabis legalization, the greater the need for knowable and capable accountants, CPAs, enrolled agents, bookkeepers, CFOs, and MBAs for those looking to get into the legal cannabis market. However, many accounting firms, CPAs, MBAs and tax pros simply don\u2019t have the necessary knowledge,<span class=\"more-link\"><a href=\"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2020\/02\/08\/build-your-own-cannabis-accounting-firm-with-dope-cfo\/\">Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[165,13225,13226,13227,170,13228,106],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/41140"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=41140"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/41140\/revisions"}],"predecessor-version":[{"id":41141,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/41140\/revisions\/41141"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=41140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=41140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=41140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}