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Cannabis Law Primer: CPA, Accounting, and Finance

9:00 am–9:50 am ET

# of CPE Credits

1

Description

The number of emerging medical and recreational cannabis markets is increasing at a steady rate. This course will provide a comprehensive overview of cannabis-specific legal issues relevant to CPA and accounting professionals with a focus on the importance of mitigating the inherent legal and ethical implications of serving marijuana-related businesses. Discussion of the application of Section 280E on the CHAMPS case, as well as more recent federal case law, will provide an in-depth look at the challenges associated with serving cannabis industry clients.

Objective

* Identify the unique federal tax-law provisions applicable to marijuana-related businesses * Calculate taxable income for marijuana-related businesses in accordance with the limits of IRS Tax Code Section 280E and deductions for “Cost of Goods Sold” * Recognize the legal and ethical implications of providing accounting and other financial services to cannabis industry clients in light of federal prohibition

Highlights

* Significance and application of IRS Tax Code Section 280E in light of developments in federal case law * Legally permissible application of “Cost of Goods Sold” deductions for purposes of calculating taxable income * Identifying “COGS” deductions for licensed retailers versus licensed growers/cultivators * Determining the legal and ethical constraints associated with serving marijuana-related businesses in light of federal prohibition

Who Should Attend

CPAs, accounting, finance professionals

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Ms. Emily Burns ( Business Learning Institute, Towson, MD ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.

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Also Available As

Webcast
Wednesday, July 28, 2021 (9:00 am–9:50 am ET)
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Webcast
Monday, September 27, 2021 (9:00 am–9:50 am ET)
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Webcast
Wednesday, December 1, 2021 (9:00 am–9:50 am ET)
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Webcast
Monday, January 31, 2022 (9:00 am–9:50 am ET)
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Share This Event

Event Vendor:Business Learning Institute
Field of Study:Management Services
Level: Basic
Other:New Course

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:W0044121

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$40.00
Non-MemberN/A$55.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants 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/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.