Accountants cleared for medical marijuana business | Arkansas Blog

Tuesday, October 10, 2017

Accountants cleared for medical marijuana business

Posted By on Tue, Oct 10, 2017 at 2:27 PM

The website Marijuana Business Daily reports that the accounting regulatory board in Arkansas has cleared accountants to provide professional services to people in the medical marijuana business.

The item, based on reporting by KFSM-TV, said:

The ASBPA concluded that accountants who provide professional services to licensed Arkansas MMJ businesses will not be perceived as lacking “good moral character” and the service provided won’t be “considered an act discreditable to the profession.” according to Little Rock TV station KFSM.

Though accountants in many marijuana states serve the industry without incident, only a handful of states have issued specific marijuana-industry guidance for CPAs, according to the American Institute of CPAs.

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