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Monday, August 8, 2022

11:30 AM – 6:00 PM MDT

Registration Open

12:30 PM – 1:30 PM MDT

CAN2201. Opening Remarks | Thinking Like a Cannabis CPA--Overview of Tax and Accounting Issues Unique to the Industry

Scott Hammon

- Partner | MGO

Andrew Hunzicker

- Owner | Dope CFO

Katye Maxson-Landis

- Founding CPA | Moxy Accounting, LLC

Provide an overview of accounting and tax issues unique to the industry. Given inclusion of practioners and if that is our focus, this session would ID 8-10 accounting and tax issues that are uniquely impactful to the industry compared to others and would explain how to shift into the mindset of the cannabis CPA.


Learning Objectives:

  • Understand the unique issues faced by accountants in the cannabis industry
  • Understand the inquisitive mindset of a cannabis CPA
  • Identify key accounting and tax issues unique to the industry

1:35 PM – 2:25 PM MDT

CAN2202. The Legal and Regulatory Environment

Jessica Gonzalez

- Cannabis and Trademark Attorney | Hiller PC

Adam Fine

- Partner | Vicente Sederberg
The Cannabis industry is a highly regulated state-legal system that presents challenges in all aspects of accounting. Understand typical regulatory structures, challenges, and unique issues presented by the regulatory environment as it pertains to cannabis accounting and consulting services to include seed to sale tracking systems, internal controls, and how to navigate these waters

Learning Objectives:

  • Identify typical cannabis structures
  • Understand the regulatory environment as it pertains to cannabis accounting
  • Highlight key areas of focus in accounting based upon legal and regulatory challenges

1:35 PM – 2:25 PM MDT

CAN2203. Members in Industry Roundtable--Accounting in Private Industry

Cheis Garrus

- Managing Member, Former CEO | MannaWell LLC

Jacqueline Coudriet

- Chief Accounting Officer/Controller | Beak & Skiff Apple Farms, Inc/Gen V Growers, LLC/Gen V Labs LLC

Michael Raisch

- Retired | LivWell Enlightened Health

Andrew Hunzicker

- Owner | Dope CFO

This panel will feature practioners and accountants in industry and will give you a unique perspective on what the challenges of working in industry present. Learn why the practioners chose cannabis, what they have learned, and takeaways related to your journey into cannabis accounting


Learning Objectives:

  • Understand private industry nuances of cannabis
  • Learn about obstacles faced by cannabis accountants operating in the private sector

2:25 PM – 2:45 PM MDT

Networking Break and Exhibits

2:45 PM – 3:35 PM MDT

CAN2204. Cannabis Bookkeeping & Accounting - Theory vs. Reality

Jillian Johnson

- Founder / Educator | Simply J

In this session, we will discuss the various roles, responsibilities, techniques, and biggest hurdles in supporting cannabis organizations for most verticals.


Learning Objectives:

  • Define your role
  • Determine areas of focus
  • Identify obstacles
  • Learn theory versus reality

2:45 PM – 3:35 PM MDT

CAN2205. Risk Mitigation and Ethics

Ronald Seigneur

- Partner | Seigneur Gustafson LLP

Mitzi Keating

- Partner | Citrin Cooperman

Zachary Gordon

- VP of Accounting | Propeller Industries
Working with a Federally illegal industry presents unique challenges. Learn about risk mitigation strategies including client acceptance best practices, ethical challenges in serving cannabis clients, insurance considerations, client disengagement procedures, and other stories from the trenches

Learning Objectives:

  • Understand risk management techniques as it pertains to the industry
  • Highlight key areas of ethical concerns
  • Learn about best practices and protecting the profession

3:40 PM – 4:30 PM MDT

CAN2206. Inventory Costing and 471

David McManus

- Tax Partner | AAFCPAs

Katye Maxson-Landis

- Founding CPA | Moxy Accounting, LLC

Zachary Gordon

- VP of Accounting | Propeller Industries

In this session you will revisit things you wish you never skipped over in college. Learn about full absorption cost accounting, cost accounting techniques, the application of code section 471 and what challenges exist in standing up to IRS scrutiny.


Learning Objectives:

  • Identify cost accounting principles and their intersection with tax
  • Understand methods of cost accounting
  • Learn about full absorption accounting and why it is used

3:40 PM – 4:30 PM MDT

CAN2207. Technology in Cannabis

Melissa Diaz

- Partner + CFO | Rebel Rock Accounting

Heather Carter

- Senior Consultant | CohnReznick
In this session you will learn about technology platforms available to industry participants and those used by practioners in the cannabis industry to POS and accounting systems.

Learning Objectives:

  • Learn how technology impacts cannabis industry accounting
  • Understand options for accounting using technology

4:40 PM – 6:00 PM MDT

CAN2208. Regulatory Fireside Chat

Travis Haley

- Manager of Investments & Transactions | Marijuana Division - Colorado Dept of Rev

Kathryn Callahan

- Regulatory and Compliance Specialist | Maryland Medical Cannabis Commission

Adam Fine

- Partner | Vicente Sederberg
A recap of day 1--overview of the industry and the basic introduction to the challenges faced with this new industry

Learning Objectives:

  • Identify key regulatory concerns for the cannabis CPA
  • Understand differences in regulatory environments
  • Learn about different regulatory frameworks

6:00 PM – 7:00 PM MDT

Networking Reception

Tuesday, August 9, 2022

6:30 AM – 6:00 PM MDT

Registration Open

7:30 AM – 8:30 AM MDT

Continental Breakfast and Exhibits

8:30 AM – 9:00 AM MDT

CAN2209A. Opening Remarks | Congressman Address: SAFE Banking Act

Congressman Ed Perlmutter

- Congressman, 7th Congressional District | U.S. House of Representatives

Congressman Perlmutter will give an update on his cannabis banking legislation, the SAFE Banking Act, and discuss other news of the day out of Washington D.C.


Learning Objectives:

  • Understand the impact of politics and cannabis accounting
  • Identify key political factors and legal factors that impact the industry

9:00 AM – 9:50 AM MDT

CAN2209B. Advancing the Cannabis Industry: An Outlook for the National Landscape

Aaron Smith

- Co-founder & CEO | National Cannabis Industry Association

Overview of federal and state marijuana policy reform efforts and the cannabis industry. Learn what challenges and opportunities lie ahead for the country's fastest growing adult industry.


Learning Objectives:

  • Understand the impact of politics and cannabis accounting
  • Identify key political factors and legal factors that impact the industry

10:00 AM – 10:50 AM MDT

CAN2210. Social Equity, Economic Empowerment, and Minority Participation in Cannabis

Wanda James

- Co-Founder and CEO | Simply Pure

Tosin Hassan

- Senior Manager | Cohn Reznick

Jessica Velazquez

- Managing Partner | INDIVA Advisors LLP

Hear from a CPA practioner and understand their perspective on this unique aspect of the cannabis industry


Learning Objectives:

  • Understand what social equity means in the cannabis industry
  • Understand opportunities for CPAs in servicing social equity clients
  • Understand opportunities for minority and social equity CPAs

10:50 AM – 11:10 AM MDT

Networking Break and Exhibits

11:10 AM – 12:00 PM MDT

CAN2211. Raising Capital in Cannabis

Scott Moskol

- Partner | Burns Levinson

Andrew Hunzicker

- Owner | Dope CFO
Understand the funding options available to cannabis companies and typical methods of raising start-up capital

Learning Objectives:

  • Learn how cannabis companies are funded
  • Learn about challenges faced in raising capital

11:10 AM – 12:00 PM MDT

CAN2212. Cannabis Banking

Sundie Seefried

- CEO | Safe Harbor Financial
Cannabis businesses face unique challenges in obtaining typical financial services available to other industries. Hear from a series of providers to the industry and the unique nature of these aspects as they relate to the cannabis industry.

Learning Objectives:

  • Learn how the cannabis industry differs from other industries; complicating matters
  • Understand why financial service providers shy away from providing services to the cannabis industry
  • Learn how CPAs are so important to financial service providers; especially for the cannabis industry

12:00 PM – 1:00 PM MDT

Lunch

1:00 PM – 2:15 PM MDT

CAN2213. Navigating the Challenges and Hurdles of 280E in the Cannabis Industry

Jennifer Benda

- Partner | Holland & Hart LLP
This session will focus on the existing tax court cases, an update of the tax court cases in cannabis, and the challenges from practioners and tax attorneys who navigate these murky waters. Topics such as 471c, economic enterprise structure, and the definition of trafficking will be discussed

Learning Objectives:

  • Understand the impacts of 280E and the latest rulings from tax court cases
  • Learn about the complications associated with taxation in the industry

2:20 PM – 3:10 PM MDT

CAN2214. Due Diligence and Transaction Readiness

Lauren Rudick

- Partner | Hiller, PC

Elena Mervine

- Managing Director | CohnReznick LLP

Christopher McLane

- Director | Citrin Cooperman
The next lifecycle of a cannabis business often includes getting ready for the inevitable transaction. With M&A activity on the rise, learn from those who perform both buy-side and sell-side due diligence and how preparing your business for a sale helps on both sides of the transaction

Learning Objectives:

  • Identify due diligence concerns and transaction readiness
  • Understand the legal and accounting framework to prepare for an exit

2:20 PM – 3:10 PM MDT

CAN2215. Cannabis Auditing and Financial Statements

Trey Handley

- CFO | Green Dragon

Nancy Huber

- CFO | Schwazze

Scott Hammon

- Partner | MGO

This session will focus on the unique aspects of cannabis auditing and financial statements including the frequent use of IFRS, including biological assets; challenges around valuations; income and cannabis tax exposure; inventory costing and other considerations.  Session will be presented from both the perspective of the external auditor and CFO.


Learning Objectives:

  • Understand the unique nature of cannabis auditing
  • Identify key areas of risk and concern for auditing
  • Learn about best practices in cannabis auditing

3:10 PM – 3:30 PM MDT

Networking Break and Exhibits

3:30 PM – 4:20 PM MDT

CAN2216. Bankruptcy, Restructuring, and M&A Transactions Oh My!

Scott Moskol

- Partner | Burns Levinson

Rachel Gillette

- Partner, Cannabis Industry Group Lead | Holland & Hart LLP

Sometimes you win, sometimes you lose. Understand your options as cannabis businesses reach certain milestones or lifestages and understand the professionals who can help guide you through these critical steps.


Learning Objectives:

  • Identify options for underperforming companies
  • Understand the impacts on the accounting, legal, and regulatory environment of bankruptcy and restructuring

3:30 PM – 4:20 PM MDT

CAN2217. Forensics, Litigation, Cash Flow, and Business Valuations in Cannabis

Ronald Seigneur

- Partner | Seigneur Gustafson LLP

Stacey Udell

- Principal | HBK Valuation Group LLC
M&A transactions, valuations, sales, litigation… an overview of businses valuations in cannabis, related cash flow, and existing litigation cases to be aware of.

Learning Objectives:

  • Gain insight on how to apply the fundamental valuation approaches and methodologies to the unique and rapidly evolving nature of the cannabis and hemp/CBD industry appraisal assignments
  • Obtain an overview of the cannabis industry

4:25 PM – 5:40 PM MDT

CAN2218. Fireside Chat

William Lukela

- Deputy Chief of Licensing | State of Colorado, Department of Revenue, Marijuana Enforcement Division

Ronald Seigneur

- Partner | Seigneur Gustafson LLP

Mitzi Keating

- Partner | Citrin Cooperman

Katye Maxson-Landis

- Founding CPA | Moxy Accounting, LLC

James Thorburn

- Managing Attorney | Thorburn Law Group, LLC

Overview and recap of day 2--the typical middle stage business lifecycle of a cannabis business.


Learning Objectives:

  • Understand the challenges in the midlife of a cannabis business
  • Identify cash flow issues
  • Understand the unique economics of the cannabis industry and maturing markets

Wednesday, August 10, 2022

6:30 AM – 12:30 PM MDT

Registration Open

7:30 AM – 8:30 AM MDT

Continental Breakfast and Exhibits

8:30 AM – 9:25 AM MDT

CAN2219. Opening Remarks | How to Build a Cannabis Practice

Andrew Hunzicker

- Owner | Dope CFO

Katye Maxson-Landis

- Founding CPA | Moxy Accounting, LLC

We've heard about the industry and the unique challenges the industry faces… now how do we get into the industry? What works?


Learning Objectives:

  • Assess your risk tolerance and business model
  • Getting to know your client

9:35 AM – 10:50 AM MDT

CAN2220. Careers in Cannabis Accounting and Non-Traditional Services

Melissa Diaz

- Partner + CFO | Rebel Rock Accounting

Michael Raisch

- Retired | LivWell Enlightened Health

Jean Aubourg

- Consultant | Citrin Cooperman`
The cannabis industry offers many unique career opportunities for those in accounting. Learn about some of these options, services provided, and opportunities from those in both industry and as practitioners in various stages of their careers.

Learning Objectives:

  • Understand options for cannabis careers
  • Understand how to relate to clients/employers

10:50 AM – 11:10 AM MDT

Networking Break and Exhibits

11:10 AM – 12:25 PM MDT

CAN2221. Fireside Chat

Melissa Diaz

- Partner + CFO | Rebel Rock Accounting

Amos Barclay

- Partner | Holland & Hart LLP

David McManus

- Tax Partner | AAFCPAs

Andrew Hunzicker

- Owner | Dope CFO

Zachary Gordon

- VP of Accounting | Propeller Industries

Overview, recap of the conference, the industry and plenty of Q&A


Learning Objectives:

  • Understand how tax, accounting, and the industry tie together
  • Understand the lifecycle of cannabis businesses and services to be provided