This session provides an overview of the regulated, legal side of the industry which now includes 15 states with recreational/adult use access and 28 states with medical access to marijuana and hemp. We will discuss the agricultural hemp industry and CBD products and formulations. The state of Colorado will be used as an example of how cannabis and hemp is regulated throughout the U.S. The course is designed to be useful for CPA practitioners desiring to provide or enhance the services within the cannabis and hemp niches.
The growing acceptance of CBD products and formulations. The historical background of the cannabis plant. The evolution of laws and regulations related to marijuana and industrial hemp.
CPAs and advisors to marijuana and Hemp/CBD operators and management.
Gain an understanding of the sometimes extreme jurisdictional differences between states and municipalities in how access to recreational and medical marijuana is licensed and regulated. Explore industry resources available to assist in staying knowledgeable in the sector. Understand the criteria being used to award license rights, including a growing emphasis on social equities. Inventory judicial and legislative initiatives that will impact the future of the industry Explore the expanding domestic and global footprint of cannabis and hemp.
Ron is Managing Partner of Seigneur Gustafson LLP in CO. He has over 30 years of valuation experience and has been endorsed as an expert witness in several jurisdictions and has served in appointments such as trustee, mediator, arbitrator and special master of the court. Ron is very active nationally as an educator and author of valuation science and has written and taught advanced level valuation courses in several states for the AICPA, NACVA, state bar associations and the Environmental Protection Agency.
He is past chair of the AICPA Accredited in Business Valuation committee and NACVA’s Professional Standards Board. He is an adjunct professor at the University of Denver Daniels College of Business where he teaches Valuing a Business. Ron is an author and lead instructor of the Association of Legal Administrator’s national Law Firm Management Essentials training program. Ron holds a BA in Hotel Restaurant and Institutional Management from Michigan State University and an MBA in Accounting and Corporate Policy from the University of Michigan. He is co-author of the 1300+ page treatise on business appraisal titled Financial Valuations: Applications and Models; Reasonable Compensation; Application and Analysis for Appraisal, Tax and Management; The Cannabis Industry Accounting and Appraisal Guide; and the soon to be released, Financial Expert Guide for Family Law Judges and Attorneys. Ron also continues to focus attention to tax planning and compliance matters, as well as emphasizing succession and exit planning strategies for Seigneur Gustafson clients and their professional advisors.
Ron has co-authored 3 books, including The Cannabis Industry Accounting and Appraisal Guide. He is an adjunct professor at the University of Denver and a speaker on professional practice issues.
Non-Member Price $99.00
Member Price $79.00