This new, full-day conference will provide updates on New Jersey’s adult-use cannabis industry and must-know information for CPAs looking to serve cannabis clients in any part of the supply chain. Topics will include banking, finance, insurance and payroll concerns and options; legal hot topics; and tax issues including IRC §280E.
CPAs and professionals who are interested in the impacts the legal cannabis industry will have on New Jersey businesses
Gain a full-spectrum awareness of the status of cannabis legalization and issues your clients may face whether they are in the early/start-up stages or multi-state operators. This dynamic industry is full of uncertainty that CPAs seeking to service clients in the space should be aware of.
New Jersey Cannabis Update
This session will provide an update on the cannabis industry in New Jersey, including:
- 280E decoupling legislation and NJ legislators' appetite for change to this area of the law
- An update on the status of the commercial, adult-use market from the New Jersey Department of Health and the Cannabis Regulatory Commission
- How to work with New Jersey towns to get a cannabis business established
Business Operation Challenges
Peter Su, CTP, CCBP, CCCE - Dime Banking
Ashley Elsner, COO - Artery Pay
Melanie Tighe - Prime Pay
The cannabis industry is rife with issues as a result of the federal illegality under the Controlled Substances Act. Hear first hand from industry experts about the effect of the federal and state law disparity and how to navigate the uncertain waters in the current environment. Areas to be covered include access to banking and finance, payroll processing, point of sale solutions and supply chain management.
Navigating the 280E Tax Burden
Nick Richards, Partner - Greenspoon Marder LLP.
Internal Revenue Code Section 280E is a discrimatory tax burden imposed on an industry with an already immense cost of compliance. Hear from a former IRS trial agent [replace if different speaker] about the IRS techniques to enforce 280E and the internal revenue code, case law to be aware of and how to maximize the minimal legislative grace granted to cannabis businesses.
Legal Hot Topics
Jonathan Havens, Partner - Saul Ewing Arnstein & Lehr LLP
Lisa Gora, Shareholder - Wilentz, Goldman & Spitzer, PA
Donald Clarke, Esq. - Genova Burns
Michael McQueeny, Counsel - Foley Hoag
For the cannabis industry, compliance is key to avoid scrutiny and maintain licensure status. Our team of legal experts tackle some of the legal hot-button issues that accountants should be aware of when advising their clients. While it is not our job to navigate the uncertain legal waters, it is important to know when to call an attorney to assist.
Cryptocurrency Solutions for Compliance, Banking and Payment Processing
Dr. Sean Stein Smith, DBA, CMA, CPA, CGMA, CFE, Assistant Professor - Lehman College
Melissa Dardani, CPA, MAcc, Founder - MD Advisory
Ashley Elsner, COO - Artery Pay
We'll wrap up the day with a Q&A to discuss how crypto can help cannabis businesses overcome the challenges associated with banking, payment processing, reporting and tracking. Our crypto experts will speak to the potential synergies, and hurdles still to be overcome, that could result from a crypto-based infrastructure for cannabis companies.