Agenda

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8:00 AM – 8:50 AM
Keynote Presentation: Know Your Tax Law: Unpacking the MRTMA
As of March 2021, the Michigan Regulation and Taxation of Marihuana Act (MRTMA) began the implementation of Michigan’s new licensure applications. Tax professionals with a growing interest in this space will want to ensure they understand the ins and outs of that implementation. Plus, join this session for a breakdown of the MRTMA Social Equity Program!
Andrew Brisbo – Executive Director, Marijuana Regulatory Agency, State of Michigan LARA, Lansing
Credits: 1.0 OT

9:00 AM – 9:50 AM
Cover Your Assets: Peer Review and Cannabis Clientele
Peer review is an extensive process, and when you operate in an industry still under development the pressure to get it right can be intimidating. Find out what CPA services within the cannabis industry are subject to Peer Review, how to sign up for the Peer Review program and what to expect while under review.
Andrew Brisbo – Executive Director, Marijuana Regulatory Agency, State of Michigan LARA, Lansing
Peggy Jury – Peer Review CPA on Staff, Michigan Association of Certified Public Accountants, Troy
Credits: 1.0 AA

10:00 AM – 10:50 AM
IRC 280E: The Price of Doing Business (At Least Right Now)
Section 280E of the Internal Revenue Code has become a source of frustration for the cannabis industry as it prohibits the use of standard business deductions. Further, these everyday transactions are subject to increased scrutiny. Don’t miss this opportunity to fill in your knowledge gaps when it comes to 280E, it’s required forms and how to accurately account for each expense.
Maher M. Faik, CPA – Business Solutions Manager, Rehmann, Detroit
Katherine M. Sabo, CPA – Tax & Advisory Senior, Rehmann, Ann Arbor
Credits: 1.0 OT

11:00 AM – 11:50 AM
Marijuana Retail: The Struggle is Real(ty)
Federal law continues to lag behind that of the states – 36 at current count – in terms of legalization, creating interesting areas of concern across related industries. Real property poses a unique set of risks and is of particular interest for businesses in the legalized cannabis space. Find out how to assist your clients with navigating this unique maze of compliance, including considerations for real property lessors and sellers.
Dennis G. Cowan, JD – Partner, Plunkett Cooney, Bloomfield Hills
Jeffrey M. Schroder, JD – Partner, Plunkett Cooney, Bloomfield Hills
Credits: 1.0 OT