Historically a region that prides itself on strict religious and moral standards, states like Louisiana and Mississippi have recently welcomed medicinal marijuana into their economy. Georgia legalized CBD oil. Alabama even looked at legalizing medicinal Cannabis back in February 2020, but the bill was stopped short due to Covid.
Even with the recent wins for medicinal Cannabis, starting a Cannabis accounting firm in a conservative state can be challenging. Depending on whether your state has yet to legalize any type of Cannabis, you may be fighting a lack of client availability or board limitations on serving outside states. You may also be under the scrutiny of peers or worry that your reputation will be tarnished by the federally illegal status.
Alabama resident Ramsey Sessions, CPA hasn’t been hindered by the fact that his state has yet to legalize any type of Cannabis or CBD. He hasn’t even let his military background keep him from forging into the industry. As soon as he started to see the economic and health benefits of Cannabis, he was able to drop his biases and move forward to fill a demand.
Ramsey joined DOPE CFO founder Andrew Hunzicker, CPA to discuss what it was like to move past his old biases against Cannabis—and why entering the space has been the best move for his practice.
Highlights of Ramsey’s interview include:
📌 Why Cannabis is pushing past traditional Conservative beliefs: due to proven health benefits and increasingly high sales of Cannabis in numerous states, it’s hard for even the most conservative of states to ignore the value of Cannabis.
📌 Reasons why now is the best time to start a remote Cannabis practice: even if you live in a state where Cannabis is illegal, you can likely still serve Cannabis clients around the country (with all the coronavirus lockdowns of 2020, no time is better for remote work than now as most people in the nation are working virtually).
📌 Forecast of further legalization in conservative states: Tennessee, South Carolina, and Alabama still have not legalized medicinal or recreational marijuana (but these remaining states are paying attention now that Florida and Mississippi have legalized medical Cannabis and may follow suit quickly).
If you want to learn more about Ramsey’s background and his dedication to helping Cannabis companies around the country, check out his website here; https://sessionscpa.net/
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