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Cannabis Becomes More Legally Acceptable

Cannabis Becomes More Legally Acceptable


by Hugh Duffy

Cannabis Accounting Industry

While use and possession of cannabis is illegal under federal law, medical use of cannabis is legal with a doctor’s recommendation in 37 states. Heck, recreational use has been legalized in 21 states and this is now a $13 billion dollar market. By 2030, the United States cannabis market is estimated to be $40 billion dollars and grow at a 14.9% compounded annual growth rate.

While the federal government continues to ignore this dilemma, more accountants are accepting this phenomenon as a fait accompli and learning how to comply with the rules and regulations. At this point, 21 states have put their stake in the ground and this is no longer limited to just a few states.

Recreational Use of Marijuana – Legal

Alaska, Arizona, California, Connecticut, Colorado, Illinois, Maine, Maryland, Massachusetts, Michigan, Missouri, Montana, Nevada, New Jersey, New York, New Mexico, Oregon, Rhode Island, Vermont, Virginia, and Washington.

In 2012, Colorado and Washington legalized recreational use. Now that 21 states have jumped on board, this is no longer a trend that the accounting industry can ignore.

Some accounting firms are establishing dba’s as standalone businesses to avoid alienating loyal clients. 

Others are jumping on board with both feet.

Here at Build Your Firm, we clearly see the trend and welcome the opportunity to help you market your accounting practice to cannabis businesses that want to operate legally and ethically. Below are examples of our cannabis niche websites from a wide variety of states.

Build Your Firm Cannabis Website Niche - Stoughton, MA
Build Your Firm Cannabis Niche Website - Red Bluff, CA

Like many trends, it pays dividends to enter early.

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Hugh Duffy, BYF CEO and Co-Founder

Hugh is the consummate marketing coach for accountants and takes pride in the impact that it has on their practice, and lives. Hugh has more than thirty years of marketing experience. Since 2003, he has been teaching accountants on how to improve their marketing and make more money from their accounting practice.