With more states moving to allow recreational use of marijuana, we’ll see more tax practitioners asked by either new or existing clients if they will help them with the accounting, tax or legal needs of their marijuana business. Despite state actions, the production, sale and use of marijuana is a crime under federal law. Thus, for licensed practitioners, there is concern about ethical violations of helping someone commit a crime.
I’ve got an updated article on this topic in the Massachusetts Society of CPA’s Spring 2015 journal – here. Also, more here.
I’d like to see states be more specific with these laws so far as helping attorneys and Read more