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This includes sessions from the conference: AICPA Agriculture & Cannabis Industry Conference 2020
Sessions Included:
Ag GAAP Update (Dec 08, 2020 04:35 PM)
Cannabis, Hemp, CBD and Beyond: Exploring the New Normal Post COVID-19 (Dec 08, 2020 01:20 PM)
After Tax Reform--What Now? (Dec 09, 2020 01:55 PM)
Baby Boomer, Gen X & Y, and Millennials - What Makes Us Tick? (Dec 08, 2020 01:20 PM)
Ag Software Panel (Dec 09, 2020 12:30 PM)
Tax Issues Associated With Financially Distressed Clients (Dec 09, 2020 03:40 PM)
Alternative Pathways to Tax Advantaged Farmland Ownership (Dec 09, 2020 05:05 PM)
Welcome and Introduction | Cannabis 101 (Dec 07, 2020 10:00 AM)
Cannabis vs. Marijuana vs. Hemp vs. CBD (Dec 07, 2020 11:35 AM)
Valuing Cannabis Companies and Challenges (Appraisals) - Part 1 (Dec 07, 2020 01:20 PM)
Small Cannabis Business Pitfalls for the CPA - Conversion vs Created Clients (Dec 07, 2020 04:00 PM)
Morning Announcements and Introduction | Building a Cannabis Practice and Responsibilities for Practitioners (Dec 08, 2020 10:00 AM)
Valuing Cannabis - Part 2 (Dec 08, 2020 11:35 AM)
Basis - Can Cannabis Companies Finally Lessen the Burden of 280E? (Dec 08, 2020 01:20 PM)
Cannabis: How to do an Audit in this Particular Industry (Dec 08, 2020 02:50 PM)
Tax Compliance Issues and Planning Opportunities in the Cannabis Industry (Dec 08, 2020 04:35 PM)
Filling the Missing CFO Role in the Cannabis Industry (Dec 08, 2020 06:00 PM)
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.
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
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.
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.
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. |
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. |
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.
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.
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:
Our expert panel will take a deep dive into the incremental concerns regarding advising Cannabis Businesses on approaching Audits.
Attend this session to hear an overview of recent changes to generally accepted accounting principles (GAAP) and their impact on the financial statements of agricultural producers.
This session will explore certain tax compliance issues in the cannabis industry, including the determination of costs of good sold and the deductibility of expenses for state tax purposes. The session will also review various structuring and tax planning opportunities for eligible cannabis-related businesses, such as opportunity zones, R&D credits and choice of entity considerations.
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.
During this session, the panelists will discuss connecting Farmers and trusted advisors with technology, using financial management software, production management platforms, and commodity management tools.
Tax reform is behind us. Farms now need to address the uncertainties generated by the worldwide pandemic. The Federal government provided tax relief and deferral. Farms need to save for repaying some loans and paying deferred taxes.
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