FVC2347. High Times for CPAs? – the need for forensic accounting services in the budding Cannabis Industry

As the cannabis industry continues to grow, many companies who were expecting to begin to reap their harvest have found that their cash reserves have gone up in smoke. Due to the myriad state laws and regulations, and the fact that cannabis remains illegal on the federal level, forensic accountants can find themselves dazed and confused. Our presenters will distinguish cannabis related forensic engagements from those in other industries, and participants will gain an understanding on how to perform forensic analyses in the cannabis industry.

Learning Objectives:

• Distinguish the common differences in forensic accounting for the cannabis industry vs. other more mature industries.
• Determine the best course of action when approached by a potential cannabis industry client.
• Apply best practices learned from experience in forensic accounting to the unique challenges posed by the cannabis industry.