NCIA

Описание: Join us for an in-depth exploration of the monumental shift in cannabis rescheduling and its implications for the industry. This full recording of our debut session in this new multi-part #IndustryEssentials series provides actionable insights for businesses navigating the evolving regulatory environment.

📅 Original Broadcast Date: Thursday, May 30th

🔍 Webinar Highlights:

• Setting the Stage: Regulatory and Legal Changes - Explore the profound impact of rescheduling cannabis on federal legality, state and local tax obligations, and the broader regulatory landscape.
• Federal Legality and Timelines - Gain insights into potential timelines, processes, and public comment periods.
• Financial Implications: Tax Planning and Accounting Adjustments - Understand the ramifications of rescheduling on tax obligations and deductions governed by Section 280E.
• Impact on Capital Costs and Investment Strategies - Discover how these changes could reduce the cost of capital and new strategies for deploying increased cash flows.
• Implementation Timeline and Anticipated Changes - Learn about potential implementation trajectories and strategies for navigating diverse timelines.

🔊 Featuring Industry Experts:

• Naomi Granger, CPA, MBA - Co-founder of NACAT Pros and renowned for her unique approach to helping accounting professionals support the legal cannabis industry.
• Neil Rosenfield - Expert from BakerTilly USA, discussing the financial implications of 280E and regulatory hurdles.
• Aaron Smith - Co-founder and Chief Executive Officer of NCIA, emphasizing the importance of advocacy and policy reform.
• Steven Gotsdiner - Specialist from HBK CPAs, providing insights into cannabis business accounting requirements.
• Eric Kaufman - COO of FundCanna, shedding light on capital costs and investment strategies.

🚀 Join NCIA: To access exclusive resources, stay informed about the latest industry developments, and be part of a community driving positive change in the cannabis industry. Join us today at https://thecannabisindustry.org/join/.

🔗 Next Webinar: Don't miss our upcoming episode, "Committee Insights: Advancing Cannabis Science: Research Opportunities and Challenges Post-Rescheduling." Register now at https://bit.ly/3VoGW1p

📢 Stay Connected: Follow NCIA on social media for the latest updates, news, and events!

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#NCIA #CannabisIndustry #ScheduleIII #Section280E #CannabisRescheduling #Webinar #CannabisTaxation #CannabisRegulation #CannabisAccounting #CannabisAdvocacy #NCIAWebinar #CannabisBusiness #CannabisScience

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Session Chapters & Discussion Outline

00:00:00 - Session Intro
00:01:38 - Panelists Intro
00:07:01 - Setting the Stage: The Evolution of Cannabis Regulation
00:11:48 - Federal Legality, Timelines & Processes for Implementation
00:14:49 - Public Comment Period for Rescheduling of Marijuana
00:15:14 - Tax Talks: Navigating Section 280E and Accounting Adjustments | "How much is 280E tax costing our businesses? And if it went away what % of revenue could cannabis businesses receive?"
00:17:25 - Tax Talks: Navigating Section 280E and Accounting Adjustments | "When will this change become effective?"
00:22:27 - Charting the Course: Strategies for Transition and Timelines | "Are you (or would you) recommend filing protected claims?"
00:24:16 - Charting the Course: Strategies for Transition and Timelines | “Do you think this move to Schedule III will help reduce the cost of capital for these operators?"
00:26:19 - Audience Q&A | "How would you recommend this capital be deployed for operators to scale & grow their businesses?
00:28:47 - Audience Q&A | "Can you explain what a protective claim is for your tax return?"
00:29:45 - Audience Q&A | "If we move forward with this will it benefit MSO’s or smaller businesses?"
00:31:35 - Audience Q&A | “If 280E goes away will another excise tax be put in place to fill in the gap?”
00:33:40 - Audience Q&A
00:36:50 - Audience Q&A | "Can you explain the difference between rescheduling and de-scheduling and which is the better options for our industry?"
00:40:18 - Audience Q&A | “Does de-scheduling effectively legalize cannabis?”
00:40:42 - Audience Q&A | “If reschedule from Schedule I to III, which government agency is responsible for writing these rules?”
00:43:43 - Audience Q&A
00:45:53 - Audience Q&A | “What are your thoughts for creating a new, plant cannabis only schedule?”
00:47:59: Audience Q&A | “Who is going to clarify retroactivity when this becomes implemented?
00:51:55 - Audience Q&A | “Do you know which states require GAP and which don’t?”
00:53:00 - Audience Q&A | “How does this impact the CBD and Hemp industries”
00:55:00 - Steering Towards Success: Concluding Insights and Future Directions
00:57:03 - Final Thoughts from NCIA's Aaron Smith
00:59:42 - Program Conclusion
01:02:47 - Member Appreciation Credit Sequence