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Wednesday, July 19, 2023 Live Webcast

Marijuana: A Generalized Business Viewpoint Webinar (X1-MRJN-2023-01-WEBNR-200-01)

10:00 AM - 11:00 AM EDT

Vendor Platform

1 CPE Credits in SK
1 CPE Credits in TX


Each year, more states legalize cannabis (i.e., marijuana) for medical or recreational purposes. As legalization grows, so too does the cannabis industry. While some financial professionals have stayed away from this growing sector of the economy, others have embraced the opportunities the cannabis industry has to offer. The legalization of cannabis brings with it a complex regulatory landscape, which includes strict compliance with federal and state regulations. However, the complexity of this emerging market provides opportunities for accountants and other financial professionals. Behind the cannabis dispensaries are scores of related business sectors including food production, retail, farming, and chemical production, as well as facilities, design, and construction. Simply stated, the commercialization of marijuana offers financial professionals an opportunity to participate in an industry expected to reach $73 billion worldwide within six years.


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


  • 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


  • 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




General familiarity with the accounting and business principles




Jason Cornell

Jason Cornell

Jason Cornell is an experienced civil litigator with over 14 years of experience working in areas of automobile negligence, products liability and wrongful death. As a commercial litigator, Jason has represented a wide range of high-profile clients, including Hess Energy, Morgan Stanley and NBC Universal. Jason’s litigation experience also includes representing the bankruptcy trustee for one of the largest bank failure cases in U.S. history. Prior to practicing law, Jason worked for several years as a senior claims representative at one of the nation’s largest insurance companies. Jason brings an impressive range of insight and understanding on how insurers and corporate defendants value and litigate personal injury claims. Prior to joining Clark Fountain, Jason was an equity partner at an AmLaw 200 law firm. Jason previously served as editor and lead author of the South Florida Trial Practice Blog and the Delaware Corporate Bankruptcy Blog. Jason is a contributing author to Clark Fountain’s blog, writing on issues relevant to automotive defect litigation. During his career, Jason received awards for pro bono work representing dependent and neglected children, as well as his for his commitment to mentoring young attorneys. Jason previously served on the board of two nonprofits, one providing therapy services for children on the autistic spectrum and another advocating for grandparents who have custody of their grandchildren. Jason is a member of both the Florida Justice Association and the Palm Beach Justice Association.


$89.00 - Member

$109.00 - Nonmember

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