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Cannabis Accounting in Michigan
Cannabis Accounting in Michigan is a necessity and not a want as the legal recreational industry grows. A 2018 initiative to legalize recreational use (the Michigan Regulation and Taxation of Marijuana Act) passed with 56% of the vote. State-licensed sales of recreational cannabis began in December 2019.
Michigan has the 3 largest cannabis industry in the United States.
A new report shows that Michigan has the third-highest number of cannabis-related jobs in the country. As a result of this, there’s a need for Michigan accounting companies to help with their payroll, cannabis bookkeeping, cannabis tax auditing services, and cannabis business tax planning.
In Michigan, there are more people working in the weed industry than there are police and firefighters in the state. There’s seemingly a new Michigan dispensary cropping up every week that needs a Michigan cannabis accounting company to help with their cannabis tax planning.
The report shows there are 31,152 workers in Michigan’s cannabis industry as of January. The state trails behind only California, which has 83,607 marijuana-related jobs, and Colorado, with 38,337. The numbers were released by Leafly, a Seattle-based cannabis website that also tracks jobs in the industry.
Don’t get caught with your hands in the marijuana jar. Get the best cannabis accounting company in Michigan. We cover:
Ann Arbor, Michigan | Bay City, Michigan | Battle Creek, Michigan | Lansing, Michigan | Kalamazoo, Michigan | Big Rapids, Michigan | Muskegon, Michigan | Grand Rapids, Michigan | Adrian, Michigan | Burton, Michigan | Flint, Michigan | Jackson, Michigan | River Rouge, Michigan | Marquette, Michigan | Lapeer, Michigan | Ypsilanti, Michigan | Kalkaska, Michigan | Coldwater, Michigan | Hazel Park, Michigan | Manistee, Michigan | Buchanan, Michigan | Morenci, Michigan | Portage, Michigan
Stirling Business Solutions Michigan’s Best Cannabis Accounting Services.
Stirling Business Solutions wants to be recognized as the top cannabis accounting service in Michigan (and throughout the country). We strive and continue to learn about the updated changes in the cannabis accounting and cannabis tax business sector. Stirling Business Solutions has been servicing the cannabis accounting sector since the initial legalization of cannabis in Michigan. Stirling Business Solutions are the expert Michigan tax accountant you want when working with your Michigan cannabis retail, dispensary, farm, or transportation company.
As cannabis-friendly outposts pop up across Michigan, the three cities to have garnered the most recreational business licenses are Ann Arbor, Bay City, and Battle Creek.
The trio of localities, disparate in the region and ranging in population size from Bay City’s 33,000 to Ann Arbor’s 120,000, are part of a small web of around 370 municipalities where cannabis retail storefronts can set up shop.
Cannabis Accounting for retail stores in Michigan
Why is the map of Michigan’s cannabis retail landscape so spotty? The reasons are myriad. Once a city decides to buy in, what happens next is influenced by its track record — or lack thereof — on accepting the much-older medical marijuana industry, as well as its population mix and its proximity to state borders.