Agenda

GENERAL SESSION

LAUNCH GENERAL SESSION
8:30 AM – 9:25 AM
KEYNOTE PRESENTATION: Michigan Cannabis from a Treasury Perspective
The Michigan Department of Treasury shares the latest developments related to cannabis. Delve into a discussion and update on all things tax, from sales & use to corporate income tax audits.
Dave Matelski – Administrator, Tax Policy Division, Michigan Department of Treasury, Lansing
Moderator: Jackie Cook, JD – Partner, Novara Law, Troy
Credits: 1.0 OT

LAUNCH CHANNEL ONE

CHANNEL ONE

9:35 AM – 10:25 AM
ERC: Determining Client Eligibility (EA Credit)
While cannabis businesses were excluded from participation in the Paycheck Protection Program (PPP), the employee retention credit (ERC) is within reach. Find out how to determine a cannabis client’s eligibility for the ERC, while understanding how it manages to avoid implicating 280E.
Venar R. Ayar, Esq. – Principal Attorney, Master of Laws – Taxation, Ayar Law, Farmington
Credits: 1.0 OT

10:35 AM – 11:25 AM
Valuing Cannabis 2.0: Buckle Up, This Is About to Get Interesting!
Explore recent trends in valuing businesses and intellectual property in the cannabis industry. Appraisers often apply market-based metrics to historical data when performing traditional valuations. In the cannabis industry, history is not often indicative of the future and reliance on time sensitive and jurisdictionally specific historical data may lead to inaccurate valuations. The value of state legal, regulated businesses in established markets like Colorado, Oregon and Washington is different than the value of businesses in newly legal states like Michigan. When multi-state operators pay premiums to get into states, does it represent fair market value or strategic value? Address these topics along with valuing brands, the impact and treatment of IRC 280E in an appraisal context, and where to find industry data and resources.
Ron Seigneur, MBA, ABV, CVA – Partner/Valuation Specialist, Seigneur Gustafson LLP, Denver, CO
Credits: 1.0 OT

11:35 AM – 12:25 PM
The Role of Entity Structure (EA credit)
Determining the business structure for a cannabis company has long-reaching implications, particularly when it comes to scaling for growth and reducing tax exposure. From sole proprietorships and partnerships to LLCs and corporations, leave this session with a deeper understanding of the impacts of structure on long-term success.
Marc E. Seyburn, JD – Seyburn Law PLLC, Bloomfield Hills
Credits: 1.0 OT

1:30 PM – 2:20 PM
Cannabis Accounting and Attestation: Weeding through Compliance and Recordkeeping
Cannabis companies are subject to increased scrutiny of accounting records by multiple taxing agencies and the Cannabis Regulatory Agency. Don’t miss this opportunity to extract some documentation and accounting best practices that span the length of your budding business (or professional practice) as we unpack industry best practices in A&A, SALT, and Federal tax. We’ll also touch briefly (we promise) on peer review requirements for practitioners; and how to find a qualified firm to perform an Annual Financial Statement for licensees.
Jennifer Burkhart, CPA – Manager, Grapp Lerash, Saginaw
Kaleb Grapp, CPA – Partner, Grapp Lerash, Saginaw
Credits: 1.0 AA

2:30 PM – 3:20 PM
Breaking the Bank: The Legality of Banking for Cannabusiness
Due to marijuana’s federal status, Federal Deposit Insurance Corporation (FDIC)- insured financial institutions are still unable to service cannabis companies. Examine the relationship between cannabusinesses and banking, including bank cards, lending and cash flow issues that arise when there are no banking option.
Barb Babington – Vice President, Lending, Community Choice Credit Union, West Bloomfield
Brenda A. Brandom, MPA – SVP, First Merchants Bank Michigan, Brooklyn
Lara Ward, CAMS – SVP, Chief Administrative Officer/Chief Security Officer, Citizens State Bank, Royal Oak
Moderator: Charlene Raikany, CPA – Booked and Balanced PLLC, Troy
Credits: 1.0 OT

LAUNCH CHANNEL TWO

CHANNEL TWO

9:35 AM – 10:25 AM
A New Focus on Insurance in Cannabis
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

10:35 AM – 11:25 AM
Payroll & Human Resource Services in Cannabis
From pay models to payroll processing, cannabusinesses have unique business administration and management needs. Take a deep dive into the most common issues facing Michigan cannabis businesses, including compatible payroll services, general employment challenges, acquiring human resource services, and explore solutions for each.
Andrew Thompson – Founder & CEO, Teamployer, Troy
Credits: 1.0 OT

11:35 AM – 12:25 PM
ERC: Determining Client Eligibility (Second Offering) (EA credit)
While cannabis businesses were excluded from participation in the Paycheck Protection Program (PPP), the employee retention credit (ERC) is within reach. Find out how to determine a cannabis client’s eligibility for the ERC, while understanding how it manages to avoid implicating 280E.
Venar R. Ayar, Esq. – Principal Attorney, Master of Laws – Taxation, Ayar Law, Farmington
Credits: 1.0 OT

1:30 PM – 2:20 PM
The Role of Entity Structure (Second Offering) (EA credit)
Determining the business structure for a cannabis company has long-reaching implications, particularly when it comes to scaling for growth and reducing tax exposure. From sole proprietorships and partnerships to LLCs and corporations, leave this session with a deeper understanding of the impacts of structure on long-term success.
Marc E. Seyburn, JD – Seyburn Law PLLC, Bloomfield Hills
Credits: 1.0 OT

2:30 PM – 3:20 PM
Cannabis Accounting and Attestation: Weeding through Compliance and Recordkeeping (Second Offering)
Cannabis companies are subject to increased scrutiny of accounting records by multiple taxing agencies and the Cannabis Regulatory Agency. Don’t miss this opportunity to extract some documentation and accounting best practices that span the length of your budding business (or professional practice) as we unpack industry best practices in A&A, SALT, and Federal tax. We’ll also touch briefly (we promise) on peer review requirements for practitioners; and how to find a qualified firm to perform an Annual Financial Statement for licensees.
Jennifer Burkhart, CPA – Manager, Grapp Lerash, Saginaw
Kaleb Grapp, CPA – Partner, Grapp Lerash, Saginaw
Credits: 1.0 AA

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