Thumbnail for 2021 AICPA & CIMA Cannabis Industry Conference

2021 AICPA & CIMA Cannabis Industry Conference


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

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

This includes sessions from the conference: 2021 AICPA & CIMA Cannabis Industry Conference

Sessions Included:

Cost Accounting "101" for the Cannabis Niche (Nov 08, 2021 09:45 AM)

Valuing Cannabis 2.0: Buckle Up, This is About to Get Interesting! (Nov 09, 2021 01:25 PM)

Navigating the Challenges and Hurdles of 280E in the Cannabis Industry (Nov 08, 2021 10:40 AM)

Section 280E Disputes: When to Hold 'Em, When to Fold 'Em (Nov 08, 2021 02:40 PM)

Practical Impact of Section 280E Litigation on Structuring and Due Diligence (Nov 09, 2021 11:35 AM)

Welcome and Introductions followed by Cannabis 101 (Nov 08, 2021 08:00 AM)

M&A (Nov 08, 2021 11:35 AM)

Fireside Chat (Nov 08, 2021 01:25 PM)

Social Equity (Nov 08, 2021 03:35 PM)

Keynote: Embracing the Future of Legal Cannabis (Nov 09, 2021 08:00 AM)

Ethics and Practice Management/Risk Management in Cannabis (Nov 09, 2021 09:05 AM)

Auditing (Nov 09, 2021 10:40 AM)

Attorney/CPA Panel (Nov 09, 2021 10:40 AM)

Cannabis and Forensics--How Might the Numbers Indicate Fraud Risks (Nov 09, 2021 02:40 PM)

Capstone with Fireside Chat (Nov 09, 2021 03:40 PM)

$29900
Standard Price
  • Thumbnail for Welcome and Introductions followed by Cannabis 101
    Identification
    CAN2101
    Date
    November 8, 2021

    Kick off the AICPA & CIMA Cannabis Industry Conference with shared insights from three industry leaders; Zachary Gordon, Melissa Diaz, and Katye Maxson-Landis. This session will give accountants a starting point for providing services to the cannabis industry. Cannabis faces unique challenges resulting from its federal illegality; consider industry hurdles, operational challenges and regulatory requirements. Each presenter will consider the question, "If I knew then what I know now..." and share their cautionary tales as well as their wins.

    Objectives

    • Identify the banking, legal and tax challenges present in cannabis
    • Discuss strategies to address the unique difficulties of working with 280E businesses
    • Outline which technology solutions are cannabis compliant
    • Examine how to put theory and innovations into practice for tax preparation

    ​Speaker - Virtual

    Speaker Image for Zachary Gordon
    VP of Accounting, Propeller Industries

    Speakers

    Speaker Image for Kathryn Maxson-Landis
    Director - Cannabis Advisory Services, Citrin Cooperman, LLP
    Speaker Image for Jean Aubourg
    Consultant, Citrin Cooperman`
    $4900
    Standard Price
  • Thumbnail for Cost Accounting "101" for the Cannabis Niche
    Identification
    CAN2102
    Date
    November 8, 2021
    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

    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

    Speaker Image for Andrew Hunzicker
    Owner, Dope CFO Certified Advisor
    $4900
    Standard Price
  • Thumbnail for Navigating the Challenges and Hurdles of 280E in the Cannabis Industry
    Identification
    CAN2103
    Date
    November 8, 2021

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

    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

    Speakers

    Speaker Image for David McManus
    David McManus, CPA, CGMA
    Tax Partner, AAFCPAs
    Speaker Image for Andrew Hunzicker
    Owner, Dope CFO Certified Advisor
    Speaker Image for Joshua England
    Joshua England, LLM, Esq.
    Partner, AAFCPAs
    $4900
    Standard Price
  • Thumbnail for M&A
    Identification
    CAN2104
    Date
    November 8, 2021
    With consolidation of the industry occurring in real time, join us for a discussion of how to help your clients prepare for and navigate both buy and sell side M&A transactions. Our panel will consider valuation ranges and strategies to bridge gaps between buyer and seller, navigating regulatory requirements, utilizing tax efficient structures, best practices from both the seller’s and buyer’s perspective and common pitfalls to avoid.

    Objectives

    • Participants will learn about the trends driving industry consolidation and whether those trends will continue in 2022
    • Participants will learn practical tools and strategies to advise their clients on how to navigate the wave of consolidation impacting the industry

    Speakers

    Speaker Image for Scott Hammon
    Partner, MGO
    Speaker Image for Hershel Gerson
    Managing Director, Roth Capital
    Speaker Image for Marc Hauser
    Counsel, Reed Smith LLP
    $4900
    Standard Price
  • Thumbnail for Fireside Chat
    Identification
    CAN2105
    Date
    November 8, 2021

    Speakers

    Speaker Image for Kathryn Maxson-Landis
    Director - Cannabis Advisory Services, Citrin Cooperman, LLP
    Speaker Image for Andrew Hunzicker
    Owner, Dope CFO Certified Advisor
    Speaker Image for David McManus
    David McManus, CPA, CGMA
    Tax Partner, AAFCPAs

    Moderator

    Speaker Image for Scott Hammon
    Partner, MGO
    $4900
    Standard Price
  • Thumbnail for Section 280E Disputes: When to Hold 'Em, When to Fold 'Em
    Identification
    CAN2106
    Date
    November 8, 2021
    This presentation will provide an overview of tax litigation involving IRS audits of cannabis companies and the application of Section 280E. The discussion will include cases defining trafficking, cases discussing separate trade or business issues, cases resulting in double taxation, the application of penalties to underpayments caused by the improper reporting of Section 280E, cases addressing inventory accounting (including the application of Section 471 and 263A), and constitutional arguments. The speaker will share her experiences with IRS audits and litigation of Section 280E issues.

    Objectives

    • • Gain basic understanding of tax litigation based on IRS challenges to the application of Section 280E on tax returns.
    • • Identify strengths and weaknesses in various tax reporting by cannabis companies.

    Speaker

    Speaker Image for Jennifer Benda
    Partner, Holland & Hart LLP
    $4900
    Standard Price
  • Thumbnail for Social Equity
    Identification
    CAN2107
    Date
    November 8, 2021
    A discussion of social equity initiatives that have been built in to the licensing requirements as the cannabis industry has matured.

    Objectives

    • Participants will learn the motivations of social equity initiatives in cannabis legislation
    • Participants will learn the requirements in some states for creating greater opportunities for historically marginalized communities in the cannabis industry.
    • Participants will learn some common challenges and things to consider for practicing CPAs working with social equity cannabis license holders.

    Speakers

    Speaker Image for Paula Collins
    Paula Collins, EA, Esq.
    Enrolled Agent, Attorney, Law Office of Paula Collins, PLLC
    Speaker Image for Carlos Vela
    Founder, MindfulCPAs
    Speaker Image for Molly Mayfield
    Member Manager, GreenFlex Financial
    $4900
    Standard Price
  • Thumbnail for Keynote: Embracing the Future of Legal Cannabis
    Identification
    CAN2108
    Date
    November 9, 2021

    Legal marijuana is one of the fastest-growing industries in the United States, despite operating under a patchwork of conflicting laws and ever-changing regulations. Now, with 19 states regulating adult-use sales and 36 states allowing medical marijuana sales, the cannabis industry is coming out of the shadows and beginning to be accepted and treated as a significant, professional sector. As state legalization laws pass at a rapid pace and a federal legalization bill is poised to be introduced in the United States Senate for the first time, a historic opportunity presents itself to participate in the creation of a new national marketplace rooted in fairness and equity.

    Objectives

    • Understand the current status of legal and medical marijuana and hemp throughout the United States.
    • Discover how current and developing state regulatory frameworks are building on previous lessons learned.
    • Consider how potential federal laws are poised to rapidly change the cannabis industry.

    Speakers

    Speaker Image for Adam Fine
    Partner, Vicente LLP
    Speaker Image for Shaleen Title
    Distinguished Cannabis Policy Fellow, Ohio State University College of Law Drug Enforcement and Policy Center
    $4900
    Standard Price
  • Thumbnail for Ethics and Practice Management/Risk Management in Cannabis
    Identification
    CAN2109
    Date
    November 9, 2021

    Speakers

    Speaker Image for Ronald Seigneur
    Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA
    Founding Partner, Seigneur Gustafson LLP
    Speaker Image for Jessica Velazquez
    Managing Partner, INDIVA Advisors LLP
    $4900
    Standard Price
  • Thumbnail for Auditing
    Identification
    CAN2110
    Date
    November 9, 2021

    Whether you are a service provider advising clients’ on having their cannabis operations audited,  have experience in providing audit services to the industry or are considering providing audit services, you will want to join this discussion regarding the unique issues and challenges of cannabis auditing and how to evolve audit procedures as your client and the industry matures.

    ​Speaker - Virtuals

    Speaker Image for Scott Hammon
    Partner, MGO
    Speaker Image for Christopher T. Marrie
    Principal / Director - Cannabis Solutions Group, HBK CPA's and Consultants
    Speaker Image for Jeff Livesay
    Cannabis Industry Partner, Martin Hood LLC
    $4900
    Standard Price
  • Thumbnail for Attorney/CPA Panel
    Identification
    CAN2111
    Date
    November 9, 2021

    This session is designed to showcase the professional team that cannabis businesses need to surround themselves with in order to truly run a successful operation.  Hear about the necessary interactions and cautions between legal and accounting issues which is imperative for practitioners to understand and respect.  Understand the role of each professional and how each supports each other in this highly complex, constantly evolving industry.  Hear stories from the trenches regarding the importance of working with industry experts.

    Objectives

    • Understand the role of the CPA in the cannabis industry and the interaction of the role of the attorney to the CPA.
    • Understand the complexities between legal advice and accounting and business advice and where the lines should be drawn.
    • Be aware of red flags in client acceptance, client continuance, and how to rely on your network of professionals to properly serve your clients.

    Moderator

    Speaker Image for Jean Aubourg
    Consultant, Citrin Cooperman`

    Speakers

    Speaker Image for Paula Collins
    Paula Collins, EA, Esq.
    Enrolled Agent, Attorney, Law Office of Paula Collins, PLLC
    Speaker Image for Adam Fine
    Partner, Vicente LLP
    Speaker Image for Kathryn Maxson-Landis
    Director - Cannabis Advisory Services, Citrin Cooperman, LLP

    ​Speaker - Virtuals

    Speaker Image for Mitzi Keating
    Mitzi Keating, CPA, CFE
    Partner, Citrin Cooperman
    Speaker Image for Scott Moskol
    Partner, Burns Levinson
    $4900
    Standard Price
  • Thumbnail for Practical Impact of Section 280E Litigation on Structuring and Due Diligence
    Identification
    CAN2112
    Date
    November 9, 2021
    This panel will discuss resolved and unresolved Section 280E litigation, with a focus on how Section 280E litigation needs to be considered in due diligence, transactions, and tax reporting. After laying that groundwork, we will cover the pros and cons of common structures. This panel will also discuss the impact of cannabis industry regulatory compliance on structuring, transactions, and financial reporting.

    Objectives

    • Understand the IRS's evolving position on the impact of Section 280E on tax inventory accounting and the unresolved questions involving the application of Section 280E
    • Identify the pros and cons of flow-through and C corporation structures in the cannabis industry.
    • How to develop a comprehensive approach to planning and structuring taking into account regulatory and financial reporting requirements.

    Speakers

    Speaker Image for Jennifer Benda
    Partner, Holland & Hart LLP
    Speaker Image for Ronald Seigneur
    Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA
    Founding Partner, Seigneur Gustafson LLP
    Speaker Image for Michael Harlow
    Partner, Cohn Reznick

    ​Speaker - Virtual

    Speaker Image for Scott Moskol
    Partner, Burns Levinson
    $4900
    Standard Price
  • Thumbnail for Valuing Cannabis 2.0: Buckle Up, This is About to Get Interesting!
    Identification
    CAN2113
    Date
    November 9, 2021

    The session will explore the unique nuances associated with the cannabis industry, including business and intellectual property appraisal challenges. Finding and applying market-based metrics in a rapidly evolving landscape will be contrasted with the use of forward-looking projections under an income approach to value. Jurisdictions like Colorado, Oregon and Washington are now considered to represent established markets versus emerging markets like Michigan, New Jersey and Florida where some are paying premium prices today for potential future opportunity. Lessons learned from Colorado will be highlighted. The session will also briefly explore the challenges of IRC 280E and where to find industry data and resources.

    Objectives

    • Gain an understanding of the unique nuances associated with appraisal assignments in the cannabis sector
    • Explore the application of the income and market approaches to value
    • Identify where to find industry resources

    Speakers

    Speaker Image for Ronald Seigneur
    Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA
    Founding Partner, Seigneur Gustafson LLP
    Speaker Image for Ryan Cram
    Financial Analyst, SG
    $4900
    Standard Price
  • Thumbnail for Cannabis and Forensics--How Might the Numbers Indicate Fraud Risks
    Identification
    CAN2114
    Date
    November 9, 2021

    In this session you will learn about the intersection between taxes, accounting, IFRS vs. US GAAP, and complex business structures which make the cannabis industry ripe for fraud.  Identify red flags of fraud and trace cash flow through complex business entities to understand what to look for in areas of due diligence, investor education, and business structure assistance and set-up.

    Objectives

    • Understand the complex business structures of cannabis companies and how and why they may be ripe for potential fraud
    • Understand cannabis cash flows including the consideration of taxes and other charges as compared to financial statements
    • Learn from real live cannabis fraud and due diligence cases regarding what to be aware of for both investors and acquirers

    ​Speaker - Virtual

    Speaker Image for Mitzi Keating
    Mitzi Keating, CPA, CFE
    Partner, Citrin Cooperman
    $4900
    Standard Price
  • Thumbnail for Capstone with Fireside Chat
    Identification
    CAN2116
    Date
    November 9, 2021

    Moderator

    Speaker Image for Kathryn Maxson-Landis
    Director - Cannabis Advisory Services, Citrin Cooperman, LLP

    Speakers

    Speaker Image for Paula Collins
    Paula Collins, EA, Esq.
    Enrolled Agent, Attorney, Law Office of Paula Collins, PLLC
    Speaker Image for Ronald Seigneur
    Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA
    Founding Partner, Seigneur Gustafson LLP
    Speaker Image for Jean Aubourg
    Consultant, Citrin Cooperman`

    ​Speaker - Virtual

    Speaker Image for Mitzi Keating
    Mitzi Keating, CPA, CFE
    Partner, Citrin Cooperman
    $4900
    Standard Price

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