2021 Cannabis Business Virtual Symposium

CalCPA Cannabis Industry Symposium to Focus on Impact of the Pandemic, Regulation and Economic Outlook on $4.4 Billion Cannabis Sector in California 

COVID-19 has wreaked havoc on the California economy, and the cannabis sector has not been immune. Supply chains have been disrupted, revenues have taken a hit and labor has been impacted. California’s cannabis industry is feeling the pain and seeking a path to recovery through economic stimulus, innovation and new business models, and solid advice from key advisors like CPAs who guide them through complex tax, accounting and auditing matters. 

On Aug. 6, CalCPA will again bring together leading experts at its annual Cannabis Business Virtual Symposium, where attendees will learn about the latest tax, legal and accounting updates impacting this industry. Attendees will gain an understanding of new and recently implemented policies, practical insights to serving cannabis industry clients and walk away with ideas from accounting experts, attorneys and business owners.

BACKGROUND
California was the first state to legalize medical marijuana in 1996; in 2016, it was legalized for recreational use. According to Marijuana Business Daily, California is the largest legal cannabis market in the US, with more than $4.4 billion in sales in 2020, up 57 percent from the previous year.

Since the pandemic started, the cannabis industry in California has been generating relatively strong sales. The state of California declared that cannabis is an essential item, but smaller companies have been struggling to get financial assistance amid the crisis because this industry can't access the same federal loan programs that are being rolled out for other businesses due to the classification of cannabis as Schedule I substance. As a result, in June 2021, California cannabis regulators announced that the state would be providing $100 million in grant funding to assist cannabis entrepreneurs.

MAJOR TOPICS OF CalCPA’s CANNABIS BUSINESS VIRTUAL SYMPOSIUM

  • 2021: California Department of Tax and Fee Administration (CDTFA) Update
  • Emerging Issues Related to Social Equity Businesses
  • State of the Market
  • What are the regulatory requirements? 
  • Accessing and raising capital 
  • Operating across jurisdictions 
  • Cannabis banking
  • Tax liability in social equity businesses 
  • Costing methodologies
  • What if 280E Goes Away?
  • Cash-Intensive Business Audit Techniques Guide
WHERE: Online—Register today.

WHEN: Aug. 6 | 8 a.m. to 4:30 p.m. PST
 
SPEAKERS INCLUDE
  • Juli Crockett, PHD, Director of Compliance, MMLG
  • Robert Cohen, CPA partner at Citrin Cooperman 
  • Yvette McDowell, Esq., Female First-Responder Leadership Advancement Specialist, Power of Mindset Coach, Conflict Resolution Facilitator
  • Eddie Franco, Legislative and Regulatory Affairs Manager at California Cannabis Industry Association  
  • Mitch Kulick, Esq., Co-Founder & Partner at Feuerstein Kulick
  • Gavin Kogan, Chairman & CEO at Grupo Flor
  • Chris Call, CPA, CEO at North Bay Credit Union
  • Jonathan Kalinski, Esq., Attorney at Hochman, Salkin, Rettig, Toscher & Perez, P.C
  • Margot M. Micallef, Q.C., Founder, Chair, President & CEO at Gaby Inc.
  • Kika Keith, Co-Founder and Social Equity Workers and Owners Association
  • Sandy Barrow, Supervisor, Tax Policy Bureau at CDTFA
  • Pamela Epstein, Esq., General Counsel and Chief Regulatory and Licensing Officer at Eden Enterprises, Inc.
  • Benjamin Alexander, Esq., Partner at Greenberg Glusker
  • Matthew Martin, CPA, Director at Citrin Cooperman
  • Brian Ross, Esq., Partner at Ross Legal Corporation
  • James Schmachtenberger, Chief Strategy Officer & Board Member at GABY Inc
  • Joshua A. Schneiderman, Esq., partner at S&W
  • Mike Goral, JD, LLM, National Cannabis and Hemp Tax Partner in Charge at Armanino LLP
  • Kenneth Berke, Esq., Principal | Berke Law Group, A.P.C.
  • Steve Neil, SVP, Finance at Lowell Farms
  • Tim Morland, Director of Compliance and Governmental Affairs at Kiva Confections
  • Nick Richards, Esq., Partner at Greenspoon Marder LLP
  • Scott Irick, Director, Examination in the SB/SE Division at IRS
  • Cameron Carr, Esq., CPA, Senior Attorney (Tax), SBSE at IRS

Learn more about the speakers online.

About CalCPA
CalCPA traces its heritage to 1903 when the California State Society of Certified Public Accountants was organized. In 1909, it merged with two other state CPA associations to form CalCPA. CalCPA serves more than 43,000 members in public practice, private industry, academia and government, and has 14 chapters across California. CalCPA also offers more than 1,400 live courses, conferences, webcasts and on-demand self-study courses annually.

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MEDIA CONTACT:
David Colgren 
Colcomgroup, Inc.
Email | (917) 587-3708