CAN2306. Welcome Remarks | Industry CEO Panel

In this session we will get to hear from 3 “real” CEOs of cannabis companies from both coasts. We will learn how they have navigated all of the complex issues and hurdles in the industry as well as the differences in state markets. Topics will include, tax, saturated markets, price volatility, state “walls” and lack of interstate commerce, competing with “illegal market competition”, craft “grows” vs big multi state operators (MSOs), compliance issues, and what its like when a great brand has to shut down after 10 years.

Learning Objectives:

• Identify the complexities around accounting and tax from a CEO perspective, including 280e, 471 and inventory accounting
• Identify key controls cannabis companies need around inventory and cash, as well as reporting issues
• Determine key components of a good cannabis start-up financial model including scenario analysis, and key drivers
• Analyze software issues and how these create more need for accounting controls and reconciliations