Agenda

GENERAL SESSION

LAUNCH GENERAL SESSION
8:30 AM – 9:25 AM
KEYNOTE PRESENTATION: Federal & State Cannabis Update
Session details still being finalized.
Senator Gary Peters – United States Senate
Kevin Hrit – Regional Director, Senator Gary Peters Staff
Nicholas Graham – Legislative Assistant, Senator Gary Peters Staff
State Representative Graham Filler – State of Michigan House of Representatives
Credits: 1.0 OT

LAUNCH CHANNEL ONE

CHANNEL ONE

9:35 AM – 10:25 AM
CRA Revisions to the Annual Financial Statement Requirements
Outline the revisions to the marijuana Annual Financial Statement reporting requirements as well as an overview of the changes to the report that will be effective in 2023. Bring your questions for the Q&A period of this presentation.
Kristie H. Jordan – Manager, Financial Compliance, Licensing Davison, Cannabis Regulatory Agency, Lansing
Credits: 1.0 AA

10:55 AM – 11:45 AM
What Cannabis Attorneys Want their Client’s CPA to Know
Few businesses require the cooperation of their CPA and attorney more than those in the cannabis industry. From initial structuring to AFS reports, hear a leading cannabis attorney’s perspective on the challenges of representing clients in this fluid, highly regulated and still federally-illegal industry, along with what you can do to ensure your client has the most appropriate and risk-averse structure.
Denise A. Pollicella, Esq. – Founder & Managing Partner, Cannabis Attorneys of Michigan
Credits: 1.0 OT

11:55 AM – 12:45 PM
Who’s Ready for an Audit? (Second Offering)
An effectively executed audit provides insights into areas where business operations are strongest, and weakest. Explore the role of audits in evaluating financial reporting controls for cannabusinesses and discover the impact corporate structure can have on audit procedures.
Christopher M. Rosmarin, CPA – Principal, Rehmann, Grand Rapids
Credits: 1.0 AA

1:50 PM – 2:40 PM
Cost Accounting: Managerial Perspectives
Establishing and maintaining an effective costing system for clients in the cannabis industry is a long-term endeavor. Join this session for a definition of what the rules of engagement are and discover whether tax-basis or GAAP (Generally Accepted Accounting Principles) reporting is more appropriate to improve metrics for management decisions.
Taylor Schuck, CPA – Manager, FGMK, Chicago, IL
Credits: 1.0 AA

2:50 PM – 3:40 PM
Tax Court: Cannabis Edition (Second Offering)
Can the Modified Accelerated Cost Recovery System (MACRS) be used to apply depreciation under 280E for tax returns and book records? Find out what recent tax court cases can tell us about this particular tax situation, and others 280E questions reviewed by the courts, such as what is trafficking, do IRS audits violate my Fifth Amendment rights, and what pitfalls to avoid, during this in-depth case study.
Jennifer Benda, JD, M.S. – Partner, Holland & Hart LLP, Denver, CO
Tamara Kotzker, JD, LL.M. – Of Counsel, Holland & Hart LLP, Denver, CO
Credits: 1.0 OT

LAUNCH CHANNEL TWO

CHANNEL TWO

7:30 AM – 8:20 AM
OPTIONAL EARLY BIRD: Mega Millions: How Utility Rebates Could Be Your Jackpot
Rebates are valuable tools that oftentimes get overlooked and underutilized. For cannabusinesses specifically, utility rebates could offer a boost as large as $1 million when applied correctly. Get the insight you need to better understand utility rebates, its framework for participation, its limitations and more.
Jeff Kelley – Kelley Energy Management, LLC, Owner/Founder, Brentwood, MO
Credits: 1.0 OT

9:35 AM – 10:25 AM
Are You Down With E-R-P?
Enterprise resource planning (ERP) software is growing in popularity among cannabusinesses, and for good reason as the benefits are numerous, from more efficient business ops to more informed decision making. But how do cannabis ERPs interact with accounting software solutions, and how can business owners ensure their ERP solution is the best? Let’s go for an exploration of what’s out there, and how to figure out which ERP is a fit for your organization.
Presented by a representative from Maner Costerisan, Lansing
Credits: 1.0 OT

10:55 AM – 11:45 AM
Who’s Ready for an Audit?
An effectively executed audit provides insights into areas where business operations are strongest, and weakest. Explore the role of audits in evaluating financial reporting controls for cannabusinesses and discover the impact corporate structure can have on audit procedures.
Christopher M. Rosmarin, CPA – Principal, Rehmann, Grand Rapids
Credits: 1.0 AA

11:55 AM – 12:45 PM
Not Your Mother’s POS Panel Discussion
The options for point of sale (POS) systems are aplenty, but not every system is set up to serve the cannabis industry. That said, more companies entered the marijuana POS market in 2021 than ever, so how do you know which one is right for your Michigan dispensary business? Join the discussion on how to choose the POS and why getting it wrong is a big deal.
Courtney Forgues – Chief Executive Officer, Portal42, Sterling Heights
Colton Griffin – CEO, Flourish Software, Venice, CA
Moderator: Kareyna Miller, CPA – Founder, LEACIF, Otter Lake
Credits: 1.0 OT

1:50 PM – 2:40 PM
Tax Court: Cannabis Edition
Can the Modified Accelerated Cost Recovery System (MACRS) be used to apply depreciation under 280E for tax returns and book records? Find out what recent tax court cases can tell us about this particular tax situation, and others 280E questions reviewed by the courts, such as what is trafficking, do IRS audits violate my Fifth Amendment rights, and what pitfalls to avoid, during this in-depth case study.
Jennifer Benda, JD, M.S. – Partner, Holland & Hart LLP, Denver, CO
Tamara Kotzker, JD, LL.M. – Of Counsel, Holland & Hart LLP, Denver, CO
Credits: 1.0 OT

2:50 PM – 3:40 PM
A New Focus on Insurance in Cannabis (Second Offering)
Those operating in the cannabis space still face distinctive challenges when it comes to procuring services necessary for running a business. With the implementation of Michigan’s new cannabis liability insurance requirements, understanding the types of insurance available and the nuances of procuring it is more important than ever. Find out everything you need to know about insuring a cannabusiness, including the risks the right insurance can mitigate.
Jim Mattson, CSP – Vice President-Business Development & Risk Management, Canopy Insurance Group, Birmingham
Credits: 1.0 OT

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