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AICPA Agriculture & Cannabis Industry Conference 2020

CAN2011 - Filling the Missing CFO Role in the Cannabis Industry

Dec 8, 2020 6:00pm ‐ Dec 8, 2020 6:50pm

Standard: $49.00


Many small and start-up cannabis companies do not operate with an internal accounting staff. For years, this has been feasible under ambiguous regulations, rapid industry growth and huge influx of cash. In today’s cannabis landscape, where every transaction is highly scrutinized and securing capital is harder than ever, the financial direction these companies receive is critical to their success.

Zachary Gordon of Grassi’s Cannabis Practice will present on value of an outsourced CFO function in the cannabis industry, as well as the capital, banking and tax issues to consider when entering or growing in this unique sector.

Learning Objectives:
  • The value of outsourced and fractional CFO services
  • Understanding the financial and operational nuances of the cannabis industry
  • Getting financials in order to successfully attract investors and lenders
  • Benchmarking strategies to measure financial performance
  • Projecting and managing cash flow in a cash-dependent environment
  • Understanding the tax implications of operating in the cannabis industry, including Section 280E limitations and effective tax rate vs. net effect of tax


Tags: CAN

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