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Getting a bank account remains to be one of the most challenging aspects of running a cannabis business, despite being legal on a state level in a growing number of places.
As of July 2019, there were roughly 630 banks and credit unions serving the U.S. marijuana industry.
The old way of a client renewing their once-per-year relationship with their CPA is an expensive counterproductive one. In this scenario, the CPA spends most of their time shifting through the “garbage in/garbage out” of year end records versus advising a business on what’s truly important.
Let's discuss your unique needs
One of the first questions I’m asked from business owners is: “How much will it cost to set my company up on QuickBooks?” This is a good question, but it’s also a difficult one to answer. I will try to do my best here to explain why the short answer is, “it depends.”
During my time at Deloitte, many clients called to revisit an implementation that was put in place by a low-cost provider who rushed in and out as quickly as they could. Rather, our approach involves quality planning that produces quality results. Quoting a price without fully knowing the details could result in a situation where the system delivered is not the system your business actually needs.