2021 AICPA & CIMA Cannabis Industry Conference

Nov 8, 2021 ‐ Nov 9, 2021


With more states across the US, and countries worldwide, legalizing this controlled substance for medical and recreational use, CPA’s will have more clients investing or expanding their business into this sector and need to be prepared for the complex ever-changing requirements.

Whether you are already working in this niche or looking to expand into it, this conference offers a variety of sessions over 2 days covering key industry news and insights, including taxation in the US and Canada – an update from the IRS and specific sessions covering entity selection 280E. Gain an understanding of how to audit or build a Cannabis practice; become aware of the risks and the opportunities available in becoming a specialist in this subject.

Who will be there:

  • Cannabis industry experts
  • CPAs
  • Attorneys
  • Tax advisers
  • Peers experienced and inexperienced with the sector


Sessions

Networking Breakfast and Exhibits

Nov 8, 2021 7:00am ‐ Nov 8, 2021 8:00am

Identification: CAN21NS01


Welcome and Introductions followed by Cannabis 101

Nov 8, 2021 8:00am ‐ Nov 8, 2021 9:25am

Identification: CAN2101

This session is intended to cover the basics of what accountants need to know when considering providing services to the cannabis industry. Banking, legal, and tax limitations (such as 280E) will be discussed. Melissa Diaz will provide some insight on cannabis technology and why not all tech solutions can be used for cannabis. We will also have a discussion of, "If I knew then what I know now..." which will be lessons learned after years in the industry.

Learning Objectives:
  • Understand basic legal, tax, and banking limitations
  • Know which technology solutions are cannabis compliant
  • Learn "lessons" from seasoned cannabis accountants.
Speaker(s):

Exhibit Break				Exhibit Break

Preview Available

Exhibit Break

Nov 8, 2021 9:25am ‐ Nov 8, 2021 9:45am

Identification: CAN21NS02


Cost Accounting "101" for the Cannabis Niche

Nov 8, 2021 9:45am ‐ Nov 8, 2021 10:35am

Identification: CAN2102

We will cover: Why Cannabis companies are prime targets for audits (and how you can help them prepare for the inevitable audits) Cost Accounting primer for the niche, & why is it so important for these companies Entity structures and why this is important Tools and processes needed to serve the niche Day-to-day and month end accounting processes Issues related to Startups and Capital Raises

Learning Objectives:
  • Learn the basic of cost accounting for the various sub-niches (Farming, Chemical Processing, Product Manufacture, Retail)
  • Learn key issues affecting startups and capital raises
Speaker(s):

Change Break				Change Break

Preview Available

Change Break

Nov 8, 2021 10:35am ‐ Nov 8, 2021 10:40am

Identification: CAN21NS03


Navigating the Challenges and Hurdles of 280E in the Cannabis Industry

Nov 8, 2021 10:40am ‐ Nov 8, 2021 11:30am

Identification: CAN2103

Finding solutions to the challenges of 280E to stay compliant and profitable within the Cannabis Industry.

Learning Objectives:
  • What is IRS code 280E
  • What can be deducted under 280E - tax strategies/compliance
  • How to plan and prepare your business for a tax based 280E audit
  • How to avoid operational inefficiencies - limited funding sources
Speaker(s):

Change Break				Change Break

Preview Available

Change Break

Nov 8, 2021 11:30am ‐ Nov 8, 2021 11:35am

Identification: CAN21NS04


M&AM&A

Preview Available

M&A

Nov 8, 2021 11:35am ‐ Nov 8, 2021 12:25pm

Identification: CAN2104

Speaker(s):

LunchLunch

Preview Available

Lunch

Nov 8, 2021 12:25pm ‐ Nov 8, 2021 1:25pm

Identification: CAN21NS05


Fireside ChatFireside Chat

Preview Available

Fireside Chat

Nov 8, 2021 1:25pm ‐ Nov 8, 2021 2:15pm

Identification: CAN2105

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