Cannabis Conference (E2308030)

8-8:50 a.m.
State of the Industry: Cannabis Edition
Michelle Rutter Friberg - National Cannabis Industry Association
To date, 23 states have legalized cannabis for adult use while another 38 allow for patients to access medical marijuana. The rapid change in cannabis policy across the nation has resulted in complications and headaches for bankers, accountants, elected officials, businesses and consumers. This year’s Cannabis Conference will kick off with a discussion of cannabis policy reform with a focus on efforts at the federal level.

9-9:50 a.m.
State-Specific Breakout Sessions (Choose One)
All of these breakout sessions will be available to conference attendees for on-demand viewing after the conference. CPE credit is not available for on-demand sessions.

1A. New Jersey Cannabis Update
Senator Troy Singleton
New Jersey Cannabis Legislative Update
Sarah Trent, Valley Wellness
David Little - Inclusion Gourmet
Details coming soon

1B. Virginia Cannabis Update
Tyson Daniel, JD - Virginia Cannabis Lawyers
This session will offer an overview of Virginia cannabis law with updates from the 2023 legislative session.

1C. Florida Cannabis Update
Charles Felix, CPA - South Florida Hospital News & Healthcare Report
Details coming soon

1E. Massachusetts Cannabis Update
Tracy LeMaire, CPA, MBA - TAC CPAs LLC
This session will include an focus on the increasingly competitive market in Massachusetts including regulatory updates and considerations for serving clients operating in the state

1F. New York Cannabis Update
Renata Serban, CPA, CMA - Citrin Cooperman
This session will provide an overview of cannabis regulations in New York State, including and overview of conditional licenses, key definitions and provisions from proposed adult-Use regulations, types of licenses, enforcement efforts, cannabis taxation applicable to licensed operators and key organizations that affect cannabis industry in the state.

10-10:50 a.m.
Starting a Cannabis Business
Steven Monacelli, CPA/PFS, MST - Withum Smith+Brown, PC.
Jacques Santucci - Opus Consulting
This session will discuss experiences with start up cannabis businesses which started over a decade ago. This will include seed investment, through capital raises, difficulties with supply and demand, employee retention, battles with regulatory bodies, competition and paying income taxes simultaneously with negative cash flow.

11-11:50 a.m.
Breakout Sessions (Choose One)
All of these breakout sessions will be available to conference attendees for on-demand viewing after the conference. CPE credit is not available for on-demand sessions.

2A. 280E Update
Justin Breidenbach, CPA, CFE, M.Acc - Breidenbach Consulting Services LLC
Details coming soon

2B. Inventory Costing/471C
Ray Owens, CPA, MST - Withum Smith+Brown, PC.
Casey Myers - Withum Smith+Brown, PC.
This session will review the intersection between GAAP and tax accounting principles as they relate to the calculation of inventory. The session will also explore the position the Internal Revenue Service has historically taken when auditing cost of goods sold calculations for a cannabis enterprise and the way in which recent changes in the law are being implemented by practitioners. Also included will be a brief discussion of METRC (and related) software reports and how they can be used by accounting professionals in calculating inventory adjustments.

12-12:50 p.m.
Running a Cannabis Practice
Todd Polyniak, CPA - Sax LLP
Stacey Udell, CPA/ABV/CFF, CVA - HBK CPAs and Consultants
Jeff Gittler - PKF O'Connor Davies
Details coming soon