AICPA Agriculture & Cannabis Industry Conference 2020

Dec 7, 2020 ‐ Dec 9, 2020



The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

Packages Display Packages

Standard: $299.00

Sessions

Welcome and Introduction | Cannabis 101

Dec 7, 2020 10:00am ‐ Dec 7, 2020 11:25am

Identification: CAN2001

This workshop will cover the basics of the Cannabis Industry including a discussion on the market size and growth potential, factors driving the market and the opportunity for CPAs. This is a must attend session if you are looking to understand how to get involved in the Cannabis industry.

Learning Objectives:
  • To understand the basics of the Cannabis Industry
  • Understand the opportunity the industry poses for CPAs
Speaker(s):
  • Nicholas R. Odille, CPA, MBA, Cannabis Solution Group National Director & Principal, HBK CPAs and Consultants
Tags: CAN
Standard: $49.00

Cannabis vs. Marijuana vs. Hemp vs. CBD

Dec 7, 2020 11:35am ‐ Dec 7, 2020 12:50pm

Identification: CAN2002

The Cannabis Market includes various products including Hemp and CBD. In order to fully understand the opportunity of the Cannabis Industry it is essential to understand the different products, respective markets and risk of operating your practice around each one. 

This session will give you the essential overview, get ready to:  

• Learn the key differences between each product  

• What the respective markets look like  

• How to legally classify each product regionally and internationally  

• How to advise on interstate and international    

• Is there less risk involved in structuring your practice around CBD?  

• Discussion on the CBD market  

• Regulatory compliance

Learning Objectives:
  • To understand the difference between cannabis, marijuana, hemp and CBD
  • To understand what the different markets look like and how to get involved
  • To understand the current legal status of marijuana, hemp and CBD
Speaker(s):
Tags: CAN
Standard: $49.00

Valuing Cannabis Companies and Challenges (Appraisals) - Part 1

Dec 7, 2020 1:20pm ‐ Dec 7, 2020 2:35pm

Identification: CAN2003

Join this interactive session for a practical approach to valuing Cannabis Companies using the income approach. Complete with case studies, this session will also illustrate the impact of tax structures of valuation as well as bonus depreciation.

Learning Objectives:
  • Understand how to value Cannabis using the income approach
  • To understand the impact on tax structures of valuation
Speaker(s):
Tags: CAN
Standard: $49.00

Small Cannabis Business Pitfalls for the CPA - Conversion vs Created Clients

Dec 7, 2020 4:00pm ‐ Dec 7, 2020 5:15pm

Identification: CAN2005

Has your state recently legalized or intends to legalize Cannabis?  Are you interested in acquiring foundational knowledge about the types of clients (and issues) you may encounter as an accounting service provider?  This segment focuses on identifying the accounting challenges that are common to small Cannabis businesses. In her 9 years of public practice with the industry, Ms. Maxson-Landis has encountered a breathtaking array of issues she will help you identify and navigate.

Learning Objectives:
  • To identify 2 common types of clients entering the Cannabis Industry
  • To assess the CPA professional service risks associated with Cannabis clients
  • Be able to identify accounting issues specific to the Cannabis Industry
Speaker(s):
Tags: CAN
Standard: $49.00

Morning Announcements and Introduction | Building a Cannabis Practice and Responsibilities for Practitioners

Dec 8, 2020 10:00am ‐ Dec 8, 2020 11:25am

Identification: CAN2006

Considering building a Cannabis Practice? This session will cover everything you need need to know you to get started and will include a comprehensive overview for practitioners.

Speaker(s):
Tags: CAN
Standard: $49.00

Valuing Cannabis - Part 2Valuing Cannabis - Part 2

Preview Available

Valuing Cannabis - Part 2

Dec 8, 2020 11:35am ‐ Dec 8, 2020 12:50pm

Identification: CAN2007

This sesssion will deep dive into the intricacies of valuing Cannabis Companies using the income approach. Suitable for those who already have knowledge of valuing Cannabis and are looking for a heavily technical session.

Speaker(s):
Tags: CAN
Standard: $49.00

Cannabis, Hemp, CBD and Beyond: Exploring the New Normal Post COVID-19

Dec 8, 2020 1:20pm ‐ Dec 8, 2020 2:35pm

Identification: AG2003

This session will feature three panelists, each with a wealth of experience serving cannabis clientele.   The primary focus will be cultivation issues related to legal, regulated marijuana and agricultural hemp including tax planning and compliance, business and intellectual property appraisal and economic damages matters. The panelists will also discuss issues confronting both sectors as they emerge from the impact of COVID-19 on the economy.  Jim Thorburn, a nationally recognized cannabis law attorney in Colorado, will address the legal status of the marijuana industry from the perspective of pending and landmark case law, while Stacey Udell and Ron Seigneur will address the challenges CPA practitioners confront in serving both marijuana clients and clients in the hemp/CBD space.

Learning Objectives:
  • Explore the status of pending case law and how a pending ruling may transform the industry
  • Understand the risks CPA practitoiners face when serving cannabis clientele
  • Identify where to find data and industry resources
  • Learn what the nuances are when providing business and IP appraisal services
Speaker(s):
Tags: Agriculture
Category: Concurrent Session (Online)
Standard: $49.00

Baby Boomer, Gen X & Y, and Millennials - What Makes Us Tick?

Dec 8, 2020 1:20pm ‐ Dec 8, 2020 2:35pm

Identification: AG2004

With our oldest generation staying healthy and working longer, all the way down to the brand new interns, we now have 5 generations needing to communicate and collaborate in the workplace. What makes each generation unique? And how can we all learn to get along? This interactive session outlines the distinct strengths and challenges of each generation and offers insight into working most effectively with each.

Learning Objectives:
  • • Identify the strengths and challenges of each generation
  • • Discuss strategies for leveraging the best aspects of each generation
  • • Determine best practices for communicating and collaborating intergenerationally
Speaker(s):
Tags: Agriculture
Category: Concurrent Session (Online)
Standard: $49.00

Basis - Can Cannabis Companies Finally Lessen the Burden of 280E?

Dec 8, 2020 1:20pm ‐ Dec 8, 2020 2:35pm

Identification: CAN2008

Wondering how to advise your clients on entity selecting and 280E? Attend this deep dive session with expert speaker faculty to better understand the effects of phantom income and different structures, including:

  • Qualified Small Business Stock Exclusion IRC Section 1202
  • Multi-tier structures
  • Holding company structure
  • Partnership?
  • Limited liability company?
  • C corporation?
  • S corporation?

Learning Objectives:
  • To have a full understand of entity selecting and 280E and other tax opportunities
  • To understand the effects of phantom income
Speaker(s):
Tags: CAN
Standard: $49.00

Cannabis: How to do an Audit in this Particular Industry

Dec 8, 2020 2:50pm ‐ Dec 8, 2020 4:05pm

Identification: CAN2009

Our expert panel will take a deep dive into the incremental concerns regarding advising Cannabis Businesses on approaching Audits.

Learning Objectives:
  • To understand approaches to audits in the industry
  • To understand challenges of approaching audits in the industry
Speaker(s):
Tags: CAN
Standard: $49.00
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