How to Become an Accountant in the Cannabis Industry

Ever wondered How to Become an Accountant in the Cannabis Industry? If you don't already know, there is a growing wave in the legal marijuana industry and it continues to be like that as more states come on board. As a professional or entry level worker, there is always a place for you in the cannabis industry as the trail is blazed for you.

If the federal government decides to lift its prohibition of cannabis, then it will be the tip of the iceberg as it relates to becoming an accountant or other professional in the cannabis industry.

For now, it is only a hope, but things seem to be moving in the right direction as the cannabis industry continues to light up and showing signs of exploding. There are several states already that have allowed recreational use of marijuana and there are 21 of them that allow medical cannabis. For this reason, there is a need for accountants or accounting experts in the cannabis industry and the demand will grow bigger in the next few years.

The Demand

If you were to think about the cannabis industry and what it needs or what it offers, your mind might wander to the 1960s when marijuana was associated with hippies. However, today, this is no longer the case as cannabis is being used as a medicine for many people who do not fall in the hippy category. As cannabis becomes legal, the industry is becoming more credible and attracting professionals; young and old and from all walks of life.

A cannabis business will always need an accounting expert to help with the day to day operation. And, accounting experience is so important to keep the books maintained and met by legal standards and compliance standards. In fact, accountants in the cannabis industry are an integral part of the operation. And so, many dispensary owners are considering it as being essential to the growth of the business.

The Reasons

Every business must have an accountant, if the business is to be legally responsible and the cannabis businesses are no different. When we talk about compliance, for example, this rule is essential to the operation of the business because it ensures that the books are precise, and that the information inputted is traceable and that the business owner accounts for everything.

Moreover, the cannabis industry is always under attack by the feds and also constantly under a microscope with the idea that they are following and should be following the state's legal guidelines for as long as the business is in operation. And these are main reasons why an accountant is so important to ensure that the taxes and other financials are being maintained at all times.

Steps to Take

In the same way that an attorney or doctor uses their expertise, skill and education to land a job in a related industry, it is the same that the accountant can find a place in the cannabis industry; using their own skills, education, certification and expertise to help run a business. If you want to become an accountant in the cannabis industry, it is best to become certified, get that degree and get some experience in another industry. You can come straight out of school and land a job as an accountant.

However, it would be better to also receive training from a reputable cannabis school like the Cannabis Training University. You can go to your local community college first to get certified and then consider a cannabis training school after.

Or, you could do it the other way around, depending on your schedule and your situation. One of the main reasons why a cannabis training school is important is that you must become familiar with the marijuana laws before you can become an accountant in the cannabis industry. To learn more or to enroll, go to Cannabis Training University.