New Jersey is similar in size to Michigan in population, and Michigan did $3 billion in cannabis sales in 2023, so New Jersey has a lot of growth potential and more CPAs are needed to serve this growing industry.

Forewarned is forearmed -- there are a variety of sources of cyber exposure and potential liability in today s risk landscape, but with a bit of prior planning, accounting firms and professionals can better protect themselves in the event of an attack or claim.

Having an effective governance structure in place allows firms to reduce stress and burnout throughout the organization. This, in turn, correlates to better staff retention, higher profitability and less risk.