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The ever-expanding cannabis industry has reached new heights—so to speak—as it is now being used as a financial case study for some of the world’s most elite business school students. Collaborating with cannabis operator and investor White Sheep Corp, the University of Cambridge’s Judge Business School is teaching the first-ever “seed to sale” accounting case to students, it announced this week. Per the university’s press release, the case: examines questions raised about financial reporting in one of the world’s fastest growing industries, cannabis, aiming to guide students through the reporting process for an industry that is being legalized by an increasing number of jurisdictions. The case focuses, ultimately, on what key decisions go into deciding the fair value of a cannabis crop and how this is reflected on the financial statements. Students in intermediate or advanced financial reporting or financial statement analysis courses will use the case to better understand and interpret financial reporting standards. Though Cambridge is the first to focus on accounting, weed-related classes—following in the booming cultural and economic acceptance of cannabis at large, in recent years—have already cropped up at other schools. Cambridge is teaching the world’s first business case study on weed

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