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Free cpe webinars
Rescheduling of Cannabis: Myths, Facts & Inventory Accounting

RESCHEDULING OF CANNABIS: MYTHS, FACTS & INVENTORY ACCOUNTING

Available Date(s)
Wednesday, June 19, 2024: 3:00PM EDT

Cost Free
CPE Credits 1.0 hour
Subject Area 1.0 - Specialized Knowledge
CE Credits 0.0 hours
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

With the recent approval by the DEA to move cannabis off of Schedule 1 (with the most dangerous drugs) and onto Schedule 3, it looks like the Cannabis industry is about to enter a massive growth phase. IRC 280e will not be relevant anymore, taxes will be lowered and cash flows will be higher for these companies which will bring in a flood of capital. 

What does this all mean? What are the facts and myths, and are accountants needed at all? Join this webinar to learn what it will mean, as well as a deeper dive into cannabis GAAP and tax inventory accounting. 

Learning Objectives:


  • Summarize the Cannabis rescheduling update and the top “myths” and “facts” 

  • Identify how the updates will affect the accounting industry 

  • Perform a deep dive into the changes to accounting, tax, and inventory accounting

Linkedin

Andrew Hunzicker, CPA

DOPE CFO
Founder and Owner
andrew@cfobend.com
(405) 990-4370

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Andrew founded DOPE CFO and is an expert in cannabis startups, CFO services, turnaround and high-growth strategies, capital sourcing, mergers, exits, and wealth protection. He has served in the "Big 4," including PriceWaterhouseCoopers, and is the winner of the 1995 Gold Medal Award for the CPA exam’s highest score. Andrew was runner up for Portland Business Journal's CFO of the Year in 2017, making him the first cannabis CFO ever to be nominated.

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NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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DOPE CFO is a nationally recognized training program for accounting professionals looking to service cannabis businesses. DOPE CFO provides access to cannabis businesses with trained accounting professionals that understand their specific needs.