If the Wild West nature of the startup world appeals to you, but you want to work with something more tangible than software, you might want to consider a career in cannabis finance.

Legal cannabis is a booming industry: An estimated $38.4 billion in medical and recreational cannabis was sold in the US in 2023, and that figure is projected to rise to $56.9 billion by 2028. The industry has grown an average of 29.1% per year between 2018 and 2023, according to IBISWorld.

“You’re going to see the birth of a new industry in your career maybe once or twice like this at this scale,” Andrew Hunzicker told CFO Brew.

Hunzicker is the CEO and founder of DOPE CFO, a network of finance and accounting professionals that serve the cannabis industry. He’s naturally going to be bullish on cannabis. But the facts support his claim.

Keep reading here.—CV

There comes a time when a CFO must set foot inside the foreign exchange (FX) maze. It may be a tricky path to master, but it offers some seriously incredible opportunities that make for a booming biz.

Looking for something to help you navigate the FX market? You’re in luck: Currencycloud’s FX for Business guide explores succeeding in FX, from risk management strategies to hedging mechanisms.

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Time to go global.

A pair of updates to auditing standards has the potential to reshape how firms prove that their issuer audits are up to snuff while reframing how auditors think of their role in the financial reporting process.

The May 13 passage of new standards on responsibility and quality control by the Public Company Accounting Oversight Board (PCAOB) is the latest development in a movement to increase the auditor’s role in a growing range of reporting and compliance tasks, including cybersecurity, fraud, and ESG.

The updates are vastly different. The responsibility standard (AS 1000) is billed as a clarification of existing standards—on an auditor’s role, independence, skills, and professional values like thoroughness and skepticism—that are now packaged in a single document that’s easier to follow. (Well, as easy to follow as a 138-page document can be.) Meanwhile, the quality control standard (QC 1000) adds a host of new requirements that include new processes, programs, and reporting.

Keep reading here.—GD

Paul Proctor, distinguished VP analyst at Gartner, wants organizations to know they’re thinking about their cybersecurity investments incorrectly. Rather than focusing on factors beyond their control, he said, companies should set measurable levels of risk appetite. For instance, they might decide what they consider an acceptable window of time for patching a network vulnerability.

Finance leaders must also consider all the costs that go into cybersecurity investments, which include factors like including “business friction” like the loss of productivity when employees must repeatedly authenticate themselves on their computers, Proctor said.

CFO Brew sat down with Proctor at the recent Gartner CFO & Finance Executive Conference to get his thoughts on how CFOs and other leaders can improve the way they and their boards discuss cybersecurity.

This interview has been edited for length and clarity.

What areas of cybersecurity are CFOs concerning themselves with?

I would characterize it as the wrong things. Here’s the problem with any senior non-IT executive: They treat security like magic and security people like wizards who cast spells to protect the organization, and when something goes wrong, [they] fire the wizards. This is the way it’s always been done.

Keep reading here.—AZ

Put this on your cal. On June 18, Fortune and Workday are hosting a virtual discussion: Mitigating Risk and Maximizing Profit in an Uncertain World. Top CFOs will gather to explore the new science of decision intelligence and how it can help you crush uncertainty. Save your spot.