Products
Welcome and Introductions followed by Cannabis 101
Nov 8, 2021 8:00am ‐ Nov 8, 2021 9:25am
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.
Speaker - Virtual(s):
- Zachary Gordon, CPA, VP of Accounting, Propeller Industries
Speaker(s):
- Kathryn Maxson-Landis, CPA, Founding CPA, Moxy Accounting, LLC
- Jean W. Aubourg, Consultant, Citrin Cooperman`
Cost Accounting "101" for the Cannabis Niche
Nov 8, 2021 9:45am ‐ Nov 8, 2021 10:35am
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
Speaker(s):
- Andrew Hunzicker, CPA, Owner, Dope CFO Certified Advisor
Navigating the Challenges and Hurdles of 280E in the Cannabis Industry
Nov 8, 2021 10:40am ‐ Nov 8, 2021 11:30am
Finding solutions to the challenges of 280E to stay compliant and profitable within the Cannabis Industry.
Speaker(s):
- Andrew Hunzicker, CPA, Owner, Dope CFO Certified Advisor
- David McManus, CPA, CGMA, Tax Partner, AAFCPAs
- Joshua England, LLM, Esq., Partner, AAFCPAs
M&A
Nov 8, 2021 11:35am ‐ Nov 8, 2021 12:25pm
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.
Speaker(s):
- Scott A. Hammon, CPA, Partner, MGO
- Hershel Gerson, Managing Director, Roth Capital
- Marc Hauser, Counsel, Reed Smith LLP
Fireside Chat
Nov 8, 2021 1:25pm ‐ Nov 8, 2021 2:15pm
Speaker(s):
- Kathryn Maxson-Landis, CPA, Founding CPA, Moxy Accounting, LLC
- Andrew Hunzicker, CPA, Owner, Dope CFO Certified Advisor
- David McManus, CPA, CGMA, Tax Partner, AAFCPAs
Moderator(s):
- Scott A. Hammon, CPA, Partner, MGO
Section 280E Disputes: When to Hold 'Em, When to Fold 'Em
Nov 8, 2021 2:40pm ‐ Nov 8, 2021 3:30pm
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.
Speaker(s):
- Jennifer Benda, Partner, Holland & Hart LLP
Social Equity
Nov 8, 2021 3:35pm ‐ Nov 8, 2021 4:25pm
A discussion of social equity initiatives that have been built in to the licensing requirements as the cannabis industry has matured.
Speaker(s):
- Paula Collins, EA, Esq., Enrolled Agent, Attorney, Law Office of Paula Collins, PLLC
- Carlos R. Vela, CPA, Founder, MindfulCPAs
- Molly L. Mayfield, CPA, Member Manager, GreenFlex Financial
Keynote: Embracing the Future of Legal Cannabis
Nov 9, 2021 8:00am ‐ Nov 9, 2021 8:55am
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.
Speaker(s):
- Adam D. Fine, Partner, Vicente LLP
- Shaleen Title, Distinguished Cannabis Policy Fellow, Ohio State University College of Law Drug Enforcement and Policy Center
Ethics and Practice Management/Risk Management in Cannabis
Nov 9, 2021 9:05am ‐ Nov 9, 2021 10:20am
Speaker(s):
- Mr. Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA, Founding Partner, Seigneur Gustafson LLP
- Jessica Velazquez, CPA, Managing Partner, INDIVA Advisors LLP
Auditing
Nov 9, 2021 10:40am ‐ Nov 9, 2021 11:30am
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 - Virtual(s):
- Scott A. Hammon, CPA, Partner, MGO
- Christopher T. Marrie, Principal / Director - Cannabis Solutions Group, HBK CPA's and Consultants
- Jeff Livesay, Cannabis Industry Partner, Martin Hood LLC