Monday, November 8, 2021
11/8 - ET
Networking Breakfast and Exhibits
11/8 - ET
CAN2101. Welcome and Introductions followed by Cannabis 101
Melissa Diaz
- Partner and Co-Founder | Rebel Rock PCKatye Maxson-Landis
- Founding CPA | Moxy Accounting, LLCZachary Gordon
- Accounting Services and Tax Senior Manager | GrassiLearning 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
11/8 - ET
Networking and Exhibit Break
11/8 - ET
CAN2102. Cost Accounting "101" for the Cannabis Niche
Andrew Hunzicker
- Owner | CFO Bend LLCWhy 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
Learning 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
11/8 - ET
Change Break
11/8 - ET
CAN2103. Navigating the Challenges and Hurdles of 280E in the Cannabis Industry
Joshua England
- Partner | AAFCPAsDavid McManus
- Tax Partner | AAFCPAsAndrew Hunzicker
- Owner | CFO Bend LLCFinding solutions to the challenges of 280E to stay compliant and profitable within the Cannabis Industry.
Learning 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
11/8 - ET
Change Break
11/8 - ET
CAN2104. M&A
Hershel Gerson
- Managing Director | Roth CapitalMarc Hauser
- Counsel | Reed Smith LLPScott Hammon
- Partner | MGOLearning 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
11/8 - ET
Lunch
11/8 - ET
CAN2105. Fireside Chat
Scott Hammon
- Partner | MGODavid McManus
- Tax Partner | AAFCPAsAndrew Hunzicker
- Owner | CFO Bend LLCKatye Maxson-Landis
- Founding CPA | Moxy Accounting, LLC11/8 - ET
Networking and Exhibit Break
11/8 - ET
CAN2106. Section 280E Disputes: When to Hold 'Em, When to Fold 'Em
Jennifer Benda
- Shareholder | Hall EstillLearning 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.
11/8 - ET
Change Break
11/8 - ET
CAN2107. Social Equity
Paula Collins
- Enrolled Agent, Attorney | Law Office of Paula Collins, PLLCCarlos Vela
- Founder | MindfulCPAsMolly Mayfield
- Member Manager | GreenFlex FinancialLearning 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.
11/8 - ET
Networking Reception/Virtual Happy Hour
Tuesday, November 9, 2021
11/9 - ET
Networking Breakfast and Exhibits
11/9 - ET
CAN2108. Keynote: Embracing the Future of Legal Cannabis
Shaleen Title
- Distinguished Cannabis Policy Fellow | Ohio State University College of Law Drug Enforcement and Policy CenterAdam Fine
- Partner | Vicente SederbergLearning 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.
11/9 - ET
Change Break
11/9 - ET
CAN2109. Ethics and Practice Management/Risk Management in Cannabis
Jessica Velazquez
- Managing Partner | INDIVA Advisors LLPRonald Seigneur
- Managing Partner | Seigneur Gustafson LLP11/9 - ET
Networking and Exhibit Break
11/9 - ET
CAN2110. Auditing
Jeff Livesay
- Cannabis Industry Partner | Martin Hood LLCScott Hammon
- Partner | MGOChristopher T. Marrie
- Principal / Director - Cannabis Solutions Group | HBK CPA's and ConsultantsWhether 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.
11/9 - ET
CAN2111. Attorney/CPA Panel
Mitzi Keating
- Partner | Citrin CoopermanAdam Fine
- Partner | Vicente SederbergScott Moskol
- Partner | Burns LevinsonKatye Maxson-Landis
- Founding CPA | Moxy Accounting, LLCLearning 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.
11/9 - ET
Change Break
11/9 - ET
CAN2112. Practical Impact of Section 280E Litigation on Structuring and Due Diligence
Michael Harlow
- Partner | Cohn ReznickScott Moskol
- Partner | Burns LevinsonJennifer Benda
- Shareholder | Hall EstillLearning 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.
11/9 - ET
Lunch
11/9 - ET
CAN2113. Valuing Cannabis 2.0: Buckle up, this is about to get interesting!
Ryan Cram
- Seigneur Gustafson LLPRonald Seigneur
- Managing Partner | Seigneur Gustafson LLPLearning 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
11/9 - ET
Networking and Exhibit Break
11/9 - ET
CAN2114. Cannabis and Forensics--How might the numbers indicate fraud risks
Mitzi Keating
- Partner | Citrin CoopermanLearning 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
11/9 - ET
Change Break
11/9 - ET