skip to main content
X

The Challenges and Opportunities Recreational Marijuana Legalization Creates in CT

The Challenges and Opportunities Recreational Marijuana Legalization Creates in CT

There are still many questions on how the cannabis industry in Connecticut will progress. From establishing a business plan to choosing the ideal entity structure, cannabis businesses have a lot of decisions to make once the lottery begins to select applicants. During the Hartford Business Journal’s The Business of Cannabis event, Partner Bob Lickwar shared his tax expertise during his moderation of "The Challenges and Opportunities Recreational Marijuana Legalization Creates in CT" panel.

The panel discussed how companies can establish business plans, set up tax efficient structures and start tax planning to maximize deductions. The panel featured the CEO of the Credit Union League of Connecticut, a lawyer from MacDermid Reynolds & Glissman, the principal attorney from the Connecticut Labor Department, and the COO of a burgeoning cannabis company, Fine Fettle.

It’s certainly an exciting time as the state begins to map out how it will address the cannabis industry, and business owners need a team behind them who can support their business through the regulatory uncertainty. UHY is well-positioned to be at the forefront, and our cannabis team has experience helping cannabis companies thrive by taking advantage of deductions and tax efficient business strategies.

 


HAVE A QUESTION?

Please complete this form to hear from one of our professionals.

Hide Firm Disclaimer

©2021 UHY LLP. ALL RIGHTS RESERVED.

UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of "UHY Advisors." UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. "UHY" is the brand name for the UHY international network. Any services described herein are provided by UHY LLP and/or UHY Advisors (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

On this website, (i) the term "our firm", "we" and terms of similar import, denote the alternative practice structure conducted by UHY LLP and UHY Advisors, Inc. and its subsidiary entities, and (ii) the term "UHYI" denotes the UHY international network, in each case as more fully described in the preceding paragraph.