Thumbnail for AICPA Agriculture & Cannabis Industry Conference 2020

AICPA Agriculture & Cannabis Industry Conference 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

$29900
Standard Price
  • Thumbnail for Welcome and Introduction | Cannabis 101
    Identification
    CAN2001
    Date
    December 7, 2020

    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.

    Objectives

    • To understand the basics of the Cannabis Industry
    • Understand the opportunity the industry poses for CPAs

    Speaker

    Speaker Image for Nicholas Odille
    Cannabis Solution Group National Director & Principal, HBK CPAs and Consultants
    $4900
    Standard Price
  • Thumbnail for Cannabis vs. Marijuana vs. Hemp vs. CBD
    Identification
    CAN2002
    Date
    December 7, 2020

    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

    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

    Speaker Image for Sativa Rasmussen
    Associate, Dorsey & Whitney LLP
    $4900
    Standard Price
  • Thumbnail for Valuing Cannabis Companies and Challenges (Appraisals) - Part 1
    Identification
    CAN2003
    Date
    December 7, 2020

    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.

    Objectives

    • Understand how to value Cannabis using the income approach
    • To understand the impact on tax structures of valuation

    Speaker

    Speaker Image for Lincoln Eckhardt
    Lincoln W. Eckhardt, ASA, CVA, MAFF
    Managing Director | Co-Leader Cannabis Practice, FTI Consulting
    $4900
    Standard Price
  • Thumbnail for Small Cannabis Business Pitfalls for the CPA - Conversion vs Created Clients
    Identification
    CAN2005
    Date
    December 7, 2020

    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.

    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

    Speaker Image for Kathryn Maxson-Landis
    Director - Cannabis Advisory Services, Citrin Cooperman, LLP
    $4900
    Standard Price
  • Thumbnail for Morning Announcements and Introduction | Building a Cannabis Practice and Responsibilities for Practitioners
    Identification
    CAN2006
    Date
    December 8, 2020
    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.

    Speakers

    Speaker Image for Ira Weinstein
    Principal, CohnReznick
    Speaker Image for Greg Chin
    CohnReznick LLP
    Speaker Image for Krista Schipp
    CohnReznick LLP
    Speaker Image for Swami Venkat
    CFO Advisory Services Leader, CohnReznick LLP
    $4900
    Standard Price
  • Thumbnail for Valuing Cannabis - Part 2
    Identification
    CAN2007
    Date
    December 8, 2020
    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

    Speaker Image for Ronald Seigneur
    Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA
    Founding Partner, Seigneur Gustafson LLP
    $4900
    Standard Price
  • Thumbnail for Cannabis, Hemp, CBD and Beyond: Exploring the New Normal Post COVID-19
    Identification
    AG2003
    Date
    December 8, 2020

    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.

    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

    Speakers

    Speaker Image for James Thorburn
    Managing Attorney, Thorburn Law Group, LLC
    Speaker Image for Ronald Seigneur
    Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA
    Founding Partner, Seigneur Gustafson LLP
    Speaker Image for Stacey Udell
    Stacey Udell, CPA, ABV, CFF
    Principal, HBK Valuation Group LLC
    $4900
    Standard Price
  • Thumbnail for Baby Boomer, Gen X & Y, and Millennials - What Makes Us Tick?
    Identification
    AG2004
    Date
    December 8, 2020

    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.

    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

    Speaker Image for Jason McKeever
    Chief Learning Officer, Eide Bailly LLP
    $4900
    Standard Price
  • Thumbnail for Basis - Can Cannabis Companies Finally Lessen the Burden of 280E?
    Identification
    CAN2008
    Date
    December 8, 2020

    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?

    Objectives

    • To have a full understand of entity selecting and 280E and other tax opportunities
    • To understand the effects of phantom income

    Speaker

    Speaker Image for John Pelliteri
    Partner -Cannabis Services Leader, Grassi
    $4900
    Standard Price
  • Thumbnail for Cannabis: How to do an Audit in this Particular Industry
    Identification
    CAN2009
    Date
    December 8, 2020

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

    Objectives

    • To understand approaches to audits in the industry
    • To understand challenges of approaching audits in the industry

    Speaker

    Speaker Image for Christopher T. Marrie
    Principal / Director - Cannabis Solutions Group, HBK CPA's and Consultants
    $4900
    Standard Price
  • Thumbnail for Ag GAAP Update
    Identification
    AG2006
    Date
    December 8, 2020

    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.

    Objectives

    • Identify recent changes to generally accepted accounting principles (GAAP).
    • Recognize the impact of recent GAAP changes to financial statements.

    Speaker

    Speaker Image for Angela Chesley
    Director, Van Bruggen & Vande Vegte, P.C.
    $4900
    Standard Price
  • Thumbnail for Tax Compliance Issues and Planning Opportunities in the Cannabis Industry
    Identification
    CAN2010
    Date
    December 8, 2020

    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.

    Objectives

    • To understand certain tax compliance challenges for cannabis-related businesses
    • To review different structuring and tax planning opportunities in the cannabis industry
    • To examine the outlook for legislative changes and the eligibility of cannabis business for CARES Act relief

    Speaker

    Speaker Image for Christopher Johnson
    Christopher A. Johnson, JD, LLM, CPA, MBA
    Senior Manager, PKF O'Connor Davies LLP
    $4900
    Standard Price
  • Thumbnail for Filling the Missing CFO Role in the Cannabis Industry
    Identification
    CAN2011
    Date
    December 8, 2020

    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.

    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

    Speaker

    Speaker Image for Zachary Gordon
    VP of Accounting, Propeller Industries
    $4900
    Standard Price
  • Thumbnail for Ag Software Panel
    Identification
    AG2009
    Date
    December 9, 2020

    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.

    Objectives

    • Identify what technology is available in the marketplace
    • Learn how technology helps the farmer
    • Identify how to bring value to farmers with technology
    • Learn what the end goal is using technology

    Speakers

    Speaker Image for Kenneth Hilton
    President, Red Wing Software, Inc.
    Speaker Image for Patrick Christie
    Founder, EVP - Sales & Marketing, Conservis
    Speaker Image for Jake Joraanstad
    CEO, Bushel
    $4900
    Standard Price
  • Thumbnail for After Tax Reform--What Now?
    Identification
    AG2010
    Date
    December 9, 2020

    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.

    Objectives

    • Identify tax changes as a result of COVID-19 legislation
    • Understand opportunities to reduce and defer tax liabilities
    • Recognize effects of election on farm taxation

    Speaker

    Speaker Image for Christopher Hesse
    Principal, CLA
    $4900
    Standard Price
General

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