Bookkeeping for dispensary is a service that isn’t offered for cheap. Usually CPAs and financial service providers charge hourly rates which can reach a couple of hundred dollars per hour for a normal business. For a business like cannabis, preparing tax returns and basic bookkeeping for dispensary can cost few thousand dollars. Even though the charges are high, accounting for dispensary is necessary and business owners are prepared to shell out that kind of money to keep the financial aspect of their business in order.
In recent years, the cannabis industry has seen significant growth. The revenue has been booming not only for cannabis business owners, but also for CPAs. Accounting firms are earning hundreds of thousands of dollars annually, thanks to the cannabis industry. Although there were not many professionals offering financial services to cannabis related clients in the past, the number of professionals looking forward to becoming a part of the industry is increasing.
For a number of accounting firms, a significant percentage of their revenue comes from cannabis clients. Revenue has been growing and it is expected to continue growing in the future as well. Bookkeeping for dispensary will always be a necessary evil which means that workload for qualified accountants will never end.