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.

Learning Objectives:

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

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

Learning 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

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.

Learning Objectives:

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

This session will overview cannabis law and industry from the perspective of accountants, including as to deals, tax, distressed assets, intellectual property assets, and relevant regulatory issues. Zuber Lawler has been representing leading cannabis companies for over 13 years, and was just named (“Cannabis Law Firm of the Year”) by Marijuana Venture Magazine, the #1 business magazine in cannabis.

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.

Learning 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

Join us in the Networking Lounge for TriviaHub Live! Get ready for some fun competition and the chance to win a prize! You'll get to interact with your randomly selected teams to have the ultimate trivia experience — just like you'd play in a pub...but virtual! 

This session will examine factors impacting farmland values including the role of interest rate markets, market volatility and depth, trade, and changing consumer preferences.  Farmland as an asset class is undergoing massive changes as it becomes normalized as an asset class.  The financial performance of farmland by type, region, management characteristics, and ownership will be examined in the context of other portfolio assets.  Evolving technologies have fundamentally changes how production systems are organized and consumer preferences are reshaping what is produced and under what types of systems.  

Learning Objectives:

• Understand risk, return, and correlation of farmland returns with a broad set of alternative asset classes.
• Understand the broad set of changing factors impacting transactional values and capitalization of farmland as an asset.

In 2008 Mike Galloway left a career in corporate radio to help at his wife's family ranch.  With no agricultural experience Mike and his wife, Erin, started a journey that led them to managing a cattle operation in Northeast Wyoming.  An industry that was failing due to economic downturn, failing markets, and a lack of foresight.

Since then they have built a thriving community around them using social media, diversified the ranch into multiple money making endeavors and most importantly become voices for agriculture.  Always moving forward to bring consumers and producers closer together through storytelling and the ability to make everyone feel invested in agriculture, the ranch and where your food comes from.

Mike will take you through their journey, how he, his wife and their family realized that without becoming Our Wyoming Life, the ranch would have disappeared like many before it.  He will share the lessons he learned on the ranch as he traveled from the boardroom to the ranch and back, and how communication has given a new life to the ranch and his family.

Learning Objectives:

• Learn how diversification can help even the smallest of farms and ranches
• Take Mike's lessons he learned on the ranch that he wishes he would have known while working in corporate America

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.

Learning 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

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.

Learning 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

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?

Learning Objectives:

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

Stretches to ease tension caused from long hours behind a desk (or your current makeshift work-from-home setup). We will focus on the neck, shoulders and low back, as well as your forearms and wrists.

Stretches to ease tension caused from long hours behind a desk (or your current makeshift work-from-home setup). We will focus on the neck, shoulders and low back, as well as your forearms and wrists.

Change is constant, so dream big and innovate fast.  The agriculture industry is evolving as equipment and technology continually force producers to make large scale adjustments.  With the addition of a pandemic, the industry is now moved to the forefront of importance and also of scrutiny.  In order to continue the current pace, management and the role of the advisor must adapt.

We intend to cover the top ten ways to improve farm management to meet the growing needs in agriculture.  This encompasses people, financial and internal efficiencies.  To show how small changes can lead to large increases in both equity and sustainability.  How to allow common people to achieve uncommon results.

Learning Objectives:

• To review the historical role of an agriculture advisor and what needs to change in order to keep up with the industry.
• To identify the top areas of importance for advisors to cover within the agriculture primary producer operations.
• To construct the top financial and non-financial scorecard drivers for any agriculture primary producer operation.
• To learn how technology and data collection will force the role of the advisor to change moving forward in agriculture.

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

Learning Objectives:

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

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.

Learning Objectives:

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

This session includes an analysis of the Farm Financial Standards Council's (FFSC) recommended financial measures and ratios for agriculture. This session will review how each of the financial measures are calculated, what they reveal and what they don't reveal. Further, the session will help users understand the challenges and caveats of using these financial measures to understand an agricultural operation's financial strengths and weaknesses. Further focus will be provided to help users determine how to evaluate each of the financial measures in determining what is considered strong or weak. And, finally, a review of a recent FFSC survey regarding the usefulness of these financial measures, and considerations being given to new or alternate financial measures for analytical purposes.

Learning Objectives:

• Know how financial measures and ratios are calculated and interpreted
• Illustrate challenges and caveats when using financial measures to assess business performance
• Understand what financial measures and ratios are recommended by the Farm Financial Standards Council

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.

Learning 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

Join us in the Networking Lounge for TriviaHub Live! Get ready for some fun competition and the chance to win a prize! You'll get to interact with your randomly selected teams to have the ultimate trivia experience — just like you'd play in a pub...but virtual!

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

Learning Objectives:

• Obtain an overview of Farm Service Agency payment limits and rules
• Understand what is needed in order to be considered actively engaged
• See how Adjusted Gross Income (AGI) for FSA is different from taxes and how to plan accordingly
• Learn some key planning opportunities to maximize payments

As your business increases it’s protection against cyber threats, the criminals are increasing their efforts to gain access to your data. Hear what you can do to help protect against tax fraud and this new wave of cybercriminals. IRS-CI will cover what they are doing to combat the emerging areas of refund fraud and cybercrime. Together, we can help protect client data and their confidence in the tax system.

Learning Objectives:

• • Identify what you can do to help protect against tax fraud and this new wave of cybercriminals
• • Identify what IRS is doing to combat the emerging areas of refund fraud and cybercrime

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.

Learning 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

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.

Learning 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

Market prices, trade issues, virus-related marketing problems and other matters have put numerous producers in a financial "squeeze." This session examines how the tax practitioner can aid clients in financial distress from a tax perspective as well as a broader non-tax perspective.

Learning Objectives:

• 1. Learn how to detect the signs that a farm/ranch client is in financial difficulty before it shows up on the tax return.
• 2. Understand the possible state law procedures for farm clients subject to foreclosure and the how to perform the tax calculations for deprioritizing taxes for a client in Chapter 12 bankruptcy.
• 3. Understand the difference why the election to close the debtor's tax year matters, and the tax treatment of discharge of indebtedness income.

This session will discuss the introduction of the farmland asset class to the Delaware Statutory Trust (DST) marketplace. DST's provide the fractional securitized ownership of professionally managed assets through with tax deference advantages of section 1031 exchanges. DST Farms is a new DST sponsor business that is bringing farmland to the DST marketplace. Farmland provides unique capital preservation characteristics for DST investors when compared to commercial and multi-family residential offerings that currently dominate the DST marketplace. The DST structure also provides unique opportunities for farmland going through generational transition with multiple heirs that having conflicting goals and objectives. 

Learning Objectives:

• Introduction to the Delaware Statutory Trust investment vehicle and marketplace.
• Demonstrate how farmland DST's work and identify standard performance metrics.
• Identify how the DST structure can be useful for farmland going through generational transition.

The economic response to the COVID-19 pandemic has created a lot of new income tax changes. This session will review all of the changes that occurred due to the CARES Act and other legislation enacted in response to the pandemic. We will also review relevant court cases and other rulings that will help you properly assist your farm taxpayers.

Learning Objectives:

• • Recognize key tax planning opportunities embedded in COVID-19 economic relief
• • Identify costs qualifying for debt forgiveness under the Paycheck Protection Program and related income tax treatment.
• • Recognize opportunities for Net Operating Losses and Excess Business Lost changes in the CARES Act.
• • Identify other opportunities to enhance taxpayer cash flow due to 2020 COVID-19 developments.