Surgent's Marijuana: A Generalized Business Viewpoint (MRJN)
2025-12-26 15:00 - 17:00 UTC | Webinar
Surgent's Marijuana: A Generalized Business Viewpoint (MRJN)

12/26/25 09:00 AM CST
- 12/26/25 11:00 AM CSTDescription:
Each year, more states legalize cannabis (i.e., marijuana) for medical or recreational purposes. As legalization grows, so too does the cannabis industry. While some financial professionals have stayed away from this growing sector of the economy, others have embraced the opportunities the cannabis industry has to offer.The legalization of cannabis brings with it a complex regulatory landscape, which includes strict compliance with federal and state regulations. However, the complexity of this emerging market provides opportunities for accountants and other financial professionals. Behind the cannabis dispensaries are scores of related business sectors including food production, retail, farming, and chemical production, as well as facilities, design, and construction. Simply stated, the commercialization of marijuana offers financial professionals an opportunity to participate in an industry expected to reach $73 billion worldwide within six years.Objectives:Understand the legal framework that allows accounting and financial firms to operate and grow within the marijuana industryBe familiar with applicable Internal Revenue Code sections applicable to this industryBe well versed in the potential risks and rewards for financial professionals working in the marijuana industryUnderstand the issues unique to the production, delivery, and retail aspects of this marketPresenters:Jason Cornell, Esq.Field of Study:Specialized Knowledge (1), Taxes (1)Major Topics:An overview of current state and federal laws governing marijuanaA review of state boards of accountancy regarding marijuanaHow some financial professionals are capitalizing on the marijuana industryProviding auditing and tax services within the marijuana industryHow accountants and other financial professionals can manage risk within this industryIRC Section 280E’s prohibition of deductions involving controlled substancesA summary of various state taxation laws on marijuanaEthical issues for accountants who work in the marijuana industryRelevant banking regulationsGrowth projectionsLocation:
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