Despite an ever-increasing number of states moving to legalize recreational cannabis, the rules surrounding these business entities are often in question as states test and adjust regulatory models. While much of the Northeast is awaiting some additional regulatory clarity, we can draw upon those lessons learned from established cannabis markets in other states.
Our cannabis professionals have been at the forefront of the industry and came together for a roundtable to discuss:
- The current state of the cannabis industry
- Applicability of IRC sections to cannabis businesses
- How licensing and structure of a business can affect their taxation.
- Federal updates and case rulings regarding the cannabis industry
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Speakers
ALI BAYDOUN
Partner, UHY LLPManaging Director, UHY Advisors
Ali Baydoun, leader in the Enterprise Business Services Practice, delivers comprehensive advisory, tax, and attest services to middle-market clients in various industries. Ali provides Audit and Assurance services as well as Crisis Management Services, ensuring clients are compliant and thrive through operational challenges.
ROBERT LICKWAR
Partner, UHY LLPManaging Director, UHY Advisors
Robert Lickwar has more than thirty years of experience as a practicing CPA, working exclusively with privately held businesses and owners to provide compliance services and sophisticated tax planning strategies, including like-kind exchanges, tax-efficient workouts and restructurings, reorganizations, and estate planning services. He is a leader of the Northeast Cannabis practice and provides a wide range of cannabis accounting services such as tax planning and tax return preparation in compliance with IRC 280E.
TODD TIGGES
Partner, UHY LLPManaging Director, UHY Advisors
Todd Tigges is the leader of the firm’s national cannabis practice and a leader in the Great Lakes tax practice. He specializes in working with clients that have multiple related entities, all structured to maximize their tax benefits and preserve wealth. Todd has extensive knowledge in tax compliance issues; federal, state and local tax planning; multiple state apportionment and compliance; business forecasts and projections; and strategic planning. He manages a team of professionals who provide tax solutions that enable middle-market companies to minimize their tax liability.
MATTHEW VANDERBECK
Partner, UHY LLPManaging Director, UHY Advisors
Matthew VanDerbeck has more than 25 years of experience in accounting and auditing, with extensive experience in the non-profit, governmental and privately held for-profit industries. Within his prior experience, Matt developed his experience working on larger non-profit entities (including colleges and universities, private schools, unions, governmental entities and other non-profits), non-public and public for-profit entities.