Each year, more states legalize cannabis (i.e.
DESIGNED FOR
Anyone in the accounting or financial services professions who seeks to gain a better understanding of the most relevant topics in the marijuana industry or who counsel individuals or businesses working within some part of the marijuana industry
BENEFITS
- Understand the legal framework that allows accounting and financial firms to operate and grow within the marijuana industry
- Be familiar with applicable Internal Revenue Code sections applicable to this industry
- Be well versed in the potential risks and rewards for financial professionals working in the marijuana industry
- Understand the issues unique to the production, delivery, and retail aspects of this market
HIGHLIGHTS
- An overview of current state and federal laws governing marijuana
- A review of state boards of accountancy regarding marijuana
- How some financial professionals are capitalizing on the marijuana industry
- Providing auditing and tax services within the marijuana industry
- How accountants and other financial professionals can manage risk within this industry
- IRC Section 280E’s prohibition of deductions involving controlled substances
- A summary of various state taxation laws on marijuana
- Ethical issues for accountants who work in the marijuana industry
- Relevant banking regulations
- Growth projections
COURSE LEVEL
Overview
PREREQUISITES
General familiarity with the accounting and business principles
ADVANCE PREPARATION
None