March 17th, 2022 at 6 pm PT 

COURSE DESCRIPTION

It’s no secret that the Cannabis industry is booming with revenue, yet businesses are heavily burdened with rules and regulations, making accounting professionals an invaluable asset to owners, operators, and investors in this niche. 

Since everything including the laws and guidelines are new; technology, best practices, and guidelines haven’t caught up to the needs of the Cannabis industry; making it incredibly difficult for accounting professionals to properly serve these businesses.

280E prohibits Cannabis companies from being able to take deductions like ordinary businesses, creating a number of additional challenges that experienced accounting professionals must be prepared and be properly trained to support with.

With the lack of resources and the complex rules and regulations, accountants don’t know where to start or how to help their current clients maintain compliance, support them through banking challenges, meet their ongoing licensing requirements, etc.

The reality is that the accounting needs for Cannabis businesses have dramatically increased over the years, creating an incredible amount of opportunity to do fun, meaningful work with companies that are growing to millions of dollars in a short period of time.

This will not be another discussion about 280e and 471. We’ll be having a  practical discussion about the day-to-day accounting requirements of working with cannabis companies in 2022.

Learning Objectives: Guide to Working with Cannabis Operators in 2022

Topics Covered

  • For accounting professionals to clearly understand the key differences in accounting requirements for Cannabis businesses and traditional companies
  • A comprehensive overview of the challenges that Cannabis accounting professionals must be prepared to support their clients with (banking, financing limitations, inventory/seed-to-sale, and more…), and an introduction to ways to overcome them.
  • What you as an accounting professional are expected to do, know, and provide to Cannabis businesses should you choose to serve this niche, so that your clients are compliant, can maintain their licensing, and can avoid criminal or civil penalties.
  • Help accounting professionals understand the challenges of 280E including the heavy tax burden that comes with it, and what to do/not to do when trying to help them legally lower their tax liabilities.

This Training Qualifies for CPE Credits

LEARNING OBJECTIVES: Guide to Working with Cannabis Operators in 2022

INSTRUCTIONAL DELIVERY METHOD: Group Internet Based

RECOMMENDED CPE CREDIT: 1 hour

FIELD OF STUDY: Specialized Knowledge

PROGRAM LEVEL: Basic

ADVANCED PREPARATION: None

PREREQUISITES: Accounting professional (CPA not required)

FEE: None*

Green Leaf CFO, LLC 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 web site: www.nasbaregistry.org

*For more information regarding administrative policies, refund information, or any other feedback, please contact us at naomi@greenleafcfo.com.

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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.