Cannabis Tax & Policy Update: The New Administration Effect

COURSE DESCRIPTION:

The cannabis industry is rapidly evolving, and staying ahead of regulatory and tax changes is essential for long-term success. With a new administration in office, federal policy shifts and 280E tax compliance are at the forefront of industry concerns. Will your business be prepared to navigate these challenges?

Join Bruce Andersen, CPA, a cannabis tax expert, in this exclusive cannabis accounting training session. This webinar will explore how 280E tax laws impact your business, the implications of potential cannabis rescheduling, and strategies for compliance and growth. Whether you’re a cultivator, distributor, retailer, or manufacturer, understanding cannabis tax regulations is crucial to minimizing your tax burden and ensuring long-term profitability.

Learning Objectives

By completing this course, participants will be able to:

• Apply IRC 280E tax strategies – Implement specific accounting methods that properly segregate deductible from non-deductible expenses to minimize tax liabilities for cannabis businesses.
• Analyze federal policy implications – Evaluate how potential cannabis rescheduling would affect business operations and develop adaptive compliance frameworks for various regulatory scenarios.
• Develop regulatory response plans – Create proactive compliance systems that anticipate regulatory shifts and establish protocols to quickly adapt financial reporting practices.
• Implement compliant bookkeeping systems – Design chart of accounts and financial record-keeping processes that satisfy IRS requirements while maximizing allowable deductions for cannabis operations.

Program Description:

The cannabis industry is rapidly evolving under the new administration. This timely webinar examines post-election impacts on cannabis markets, analyzes the administration’s position on cannabis policy, and explores potential legislative changes including SAFE Banking Act, MORE Act, and potential rescheduling efforts. We’ll examine 280E tax implications and provide actionable strategies for businesses navigating this changing landscape. Join industry experts for essential insights on preparing your cannabis business or practice for upcoming regulatory shifts.

Additional Information:

• Prerequisites: Accounting professional (CPA not required)
• Program Level: Basic
• Advance Preparation: None
• Delivery Method: Group Internet Based
• Recommended CPE Credit: 1 credit
• Field of Study: Specialized Knowledge

Registration and Attendance:

To register for this session, visit nacatpros.org. In order to be awarded the full credit hour, you must respond to three out of the four polling questions asked during the program. This ensures active participation and compliance with CPE attendance verification requirements.

Why This Cannabis Accounting Training Is Crucial

The legal and financial landscape for cannabis businesses is complex. Understanding 280E tax compliance is essential for operators, accountants, and policymakers alike. Bruce Andersen brings decades of expertise in cannabis tax accounting, helping businesses stay compliant while maximizing profitability.

With over 20+ years of experience, Bruce has been at the forefront of cannabis accounting training, educating industry professionals on tax-saving strategies, compliance best practices, and financial growth techniques.

Meet Your Expert Speaker: Bruce Andersen, CPA

Bruce Andersen, CPA, is the founder of CannabisCPA.Tax, a boutique consultancy specializing in cannabis tax and accounting across 20+ states. With advanced degrees in Taxation, Business Administration, and Finance, Bruce is a QuickBooks ProAdvisor and a recognized expert in 280E tax strategies.

Bruce has presented at numerous industry events, including:

• CalCPA Cannabis Symposium – Covering cannabis taxation and financial planning.
• IRS Office of Examination Panels – Educating professionals on cannabis tax audits and compliance.
• National Cannabis Accounting Conferences – Providing insights into 280E compliance and tax planning.

Who Should Attend This Cannabis Accounting Training?

This session is designed for:

• Cannabis Business Owners – Cultivators, retailers, manufacturers, and distributors who need to understand tax implications.
• Accountants & Tax Professionals – Learn how to effectively navigate 280E tax compliance and support cannabis clients.
• Financial & Compliance Experts – Stay up to date with changing cannabis laws and IRS enforcement trends.

Secure Your Spot in This 280E Tax & Cannabis Accounting Training

Don’t miss this opportunity! Whether you’re new to cannabis accounting or looking to refine your expertise in 280E tax law, this training will equip you with essential insights.

Refunds:

No fee

Complaint Resolution Policy:

For more information regarding refund, complaint, and program cancellation policies, please contact Naomi Granger at (917) 291-1161 or naomi@greenleafcfo.com.

Green Leaf CFO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Presented by:

Naomi Granger, CPA, MBA

Meet Naomi Granger, the only CPA to have been featured in The Wall Street Journal for her unique approach to helping accounting professionals expand their practice to support the legal Cannabis industry. She’s provided her support, consulting, and business development skills to over 600 accounting professionals across the United States.

Naomi entered the cannabis industry in 2017 and went from start-up to exceeding $3 million in revenue in just over two years. She’ll guide you to your own solid revenue gains in the highly regulated Cannabis industry with a strong foothold in the market.

Bruce Andersen CPA, MBA, MS(Tax)

Bruce Andersen founded CannabisCPA.Tax which is a premier boutique resource to the legal cannabis industry in the areas of tax, audit, accounting, and consulting. The firm is based in Los Angeles with the bulk of its client base in California. The firm also has clients in twenty other cannabis friendly states. The firm’s client base includes cultivators, distributors, retailers, and manufacturers. It is a division of AndersenCPA.Com.

Bruce speaks frequently for various cannabis events. He has been a panelist for the CalCPA annual Cannabis Symposium speaking on local cannabis taxation. He has been a panelist for a national cannabis tax and accounting organization in 2021 and 2023 for presentations with the national office of examination for the IRS, the topic being taxation of cannabis business and the current tax law.

Bruce started his career after the military with Mobil Chemical Plastics in Bakersfield as the financial analyst. Later he became controller, then CFO for an aerospace manufacturing company in Los Angeles. Bruce eventually opened his own accounting firm, catering to small business, providing tax, accounting, and consulting services to a variety of industries. In 2018, the firm opened a division to service Cannabis.

He has been a QuickBooks ProAdvisor for over twenty-five years. He has been a speaker for NBI, Intuit, K2 Enterprises, and Spidell Tax, as well as teaching accounting and finance for the University of Phoenix for more than a dozen years.

My concern in servicing the startup and newer businesses in the cannabis space to be accessible. Provide a foundation for good accounting and finance so the company can grow and be profitable. My website references our “CFO on Call” offerings. It lists a dozen ways my firm can assist in growing your business.

Bruce has advanced degrees from Golden Gate University (M.S. Tax), Boston University (M.S. Business Administration), and California State University-Bakersfield (MBA-Finance). His undergraduate work was done at Iowa State University earning a B.S. in Industrial Administration.

Bruce is licensed as a CPA in California with privileges to practice in all 50 states