Leaders of UHY's national cannabis practice Todd Tigges and Ali Baydoun hosted a cannabis webinar that tackled business and financial aspects of entering into the cannabis industry. UHY covered topics like 280E, entity structure, multiple licenses, real estate considerations and more. Rama Gupta, Bill Lyle and Bill Secinaro of Kapnick Insurance discussed compliance, insurance coverage, and risk control.WATCH VIDEO VIEW SLIDES
The legalization of medical and recreational cannabis presents a wealth of opportunities in an emerging market, but the taxation of businesses in this industry is much different than a traditional business. The cannabis industry will be heavily regulated and largely unsettled as the federal and state governments work to implement policies and procedures. This will require careful examination of accounting practices, certifications, licenses and federal, state and local tax information. We have a dedicated team of professionals with the expertise that can help you navigate through this ever-changing landscape.