There is very little doubt that we are now entering a Massive Economic Boom within the Cannabis Industry. With each election cycle, more and more states are turning the corner on the allowing Cannabis use for both Medical and Recreational purposes.
There is also very little doubt that Local, State, & Federal authorities will leave No Stone Unturned when it comes to Regulating and Taxing every aspect of the Cannabis Industry…
Here’s a few recent quotes originating from California which passed Proposition 64; legalizing the recreational use of Cannabis.
California Senator Mike McGuire stated:
We are building the regulatory system for a MULTIBILLION DOLLAR INDUSTRY FROM SCRATCH.
After the San Diego City Council unanimously voted to allow recreational Cannabis sales, San Diego Councilwoman Barbara Bry commented:
It’s also our duty to wisely and responsibly REGULATE EVERY PART OF THE SUPPLY CHAIN in order to ensure our consumers have a safe and vetted product.
In retrospect, many Cannabis Businesses will find that getting Cannabis Legal was the Easy Part.
Complying with the ever imminent avalanche of Governmental Regulation will be the Hard Part.
As a Certified CPA with over 30 years of accounting experience, Anthony Imbimbo provides a full range of Accounting, Tax, and Compliance services for all business types.
With OVER 5 YEARS of direct experience dealing with Cannabis Related Business within the United States (over 30 years as a CPA), Anthony has helped multiple Cannabis Related Businesses successfully hurdle the various regulatory roadblocks that have been placed in their path.
Anthony Imbimbo is very well aware that the Cannabis Industry has many specific and unique difficulties… From Internal Revenue Code Section 280e to accessing Reliable Banking Services.
Unfortunately, there is no immediate way to resolve some of these problems until The Law is changed!
But regardless of the specific difficulties you’re facing, the first step to putting your Cannabis Business on the path to regulatory compliance is having a battle tested Accounting Professional on your team making sure all your essential financial requirements are met.
- Accounting and Bookkeeping
- Financial statement preparation
- Tax Preparation
- Audit representation
- Not for Profit taxation and consulting
- Fraud Investigations
- Forensic Accounting
- Litigation Support
- Business Startup
When looking for any accounting service in San Diego, make sure and ask what certifications they have received and that they are still active. As a certified member of the following organizations that approve his accounting expertise, Anthony W. Imbimbo has proven his abilities with over 30 years of experience in the industry.