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Mj

THE MARIJUANA INDUSTRY: WHAT ACCOUNTANTS NEED TO KNOW

Cost Free
CPE Credits 1.0 hour
Subject Area 1.0 - Taxes (Federal Tax Update)
CE Credits 1.0 hour
Course Id# - HURS9-T-00070-16-S
Course Level Basic
Instructional Method Self Study
Prerequisites None
Advanced Preparation None
Course Description

The regulated cannabis industry is a $3 billion dollar industry right now! Since 2008, the cannabis industry has grown exponentially and is big business on a national scale -- sophisticated national/international investors; professional operators; nationalized branding; and, fast-paced innovation. Not only is it big business, but it has had unprecedented growing pains -- banking; taxes; and, accounting, to name a few. This seminar will introduce you to the more significant aspects of the cannabis industry, from an accounting perspective.

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Learning Objectives

  • Identify the importance of IRS Code Section 280E and the CHAMPS court case in California.

  • Identify best practices for CPAs working with marijuana businesses.

  • Identify the risks associated with working with marijuana businesses.

Linkedin

Robert Hoban

Hoban Law Group, LLC
Managing Partner
bob@hoban.law
(303) 674-7000

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Bob Hoban is an AV® Preeminent™ rated attorney and seasoned full-service commercial practitioner. Drawing upon more than twenty years of diverse legal and practical entrepreneurial business experience, he regularly counsels clients regarding corporate organizational and governance issues, general commercial transactions, real estate development/transactions, government/regulatory licensing, strategic acquisitions, and commercial litigation. Today, Bob concentrates his practice in the areas of commercial litigation, business law, cannabis law, real estate, land use/eminent domain, public policy/governmental relations, and appellate matters. He represents business owners, governmental entities, retail/commercial centers, landowners, developers, landlords/tenants and other entities in all aspects of these practice areas. Bob is recognized as one of the leading commercial cannabis practitioners nationwide; representing private and publicly-held clients in numerous states and abroad. He has litigated nearly every aspect of Colorado’s Marijuana Code and has closed well-over 200 marijuana-related business transactions. Commercial marijuana and industrial hemp-based business operations, related litigation and regulatory representation are a specialty. He is very passionate about protecting the rights of property owners facing the threat of eminent domain or other land use matters. In 2006, he helped co-found the Colorado Property Rights Coalition, a non-profit property owner resource [www.thecprc.org]. He is a leading eminent domain practitioner statewide and has successfully represented landowners, developers and other private parties in all aspects of the eminent domain process; including but not limited to due diligence, contracting and land acquisition. Bob has vast experience involving relocation and reestablishment issues arising from eminent domain acquisitions. Furthermore, Bob is devoted to impacting law at its source; he has drafted more than 30 bills for the Colorado General Assembly in policy areas relating to eminent domain, land use, hemp/marijuana and transportation policy. Bob is also involved in numerous renewable energy projects in the areas of regulatory compliance, business structuring, and land acquisition. As the General Counsel to Waunita Power Company, LLC and Pagosa Verde, LLC (both are Colorado-based geothermal power projects [www.waunitapower.com and www.pagosaverde.com]), Bob has honed his expertise in these aspects of alternative energy law. Bob is a professor at the University of Denver, in the Law and Society Program, and regularly instructs regarding government regulations, public policy advocacy, and various research-based policy courses. He has completed a number of hours toward his PhD at the University of Colorado Graduate School of Public Affairs. Bob is a regular presenter/lecturer at legal, policy and academic conferences around the country. - See more at: http://www.hobanandfeola.com/firm-overview/attorneys/robert-t-hoban/#sthash.TUtMiicu.dpuf

Additional Materials
Supporting Documentation
Course Outline
Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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The Hoban Law Group (HLG), takes their role as service providers, the high-quality work for clients and our role in advancing the global cannabis industry, extremely seriously. HLG is a full-service commercial cannabis industry law firm serving both the regulated marijuana industry and the industrial hemp industry. They are recognized across the country and around the world for their ability to provide solutions to highly complex and routine issues faced by cannabusinesses and supply chain operations.

The HLG family of attorneys are industry pioneers responsible for developing legal strategies and advancing litigation in critical areas that have contributed to the growth of this nascent industry. This is a global industry and HLG embodies international professionalism. Their team of experts are fluent in numerous languages, including Portuguese, Spanish, Polish, Dutch, and German.