person
Virtual/InPerson

Cannabis Summit West Michigan

school Credits

  • Up to: 1.00 credits - Accounting and Auditing
  • Up to: 2.50 credits - Other

About This Course

We’re bringing the success of the MICPA Cannabis Summit to Grand Rapids. Create connections and have your questions answered in light of the new guidance that is being released.

Businesses entering Michigan’s marijuana industry require the attestation of a licensed CPA. As the cannabis industry expands to affect current or possible clientele, find out what you need to know to serve them in this new practice area.

Starting with a can’t miss networking breakfast, meet contacts in the legal, accounting, real estate and regulatory space and then gain vital insights from tax compliance and managing risk to professional liability concerns and the latest in regulation.

  • Crucial CPA updates - from traditional tax and accounting to compliance with 280E and the attestation requirements for licensure.
  • Enter the legal and regulatory arena and dive into the potential compliance hurdles.
  • Get up-to-date on national trends and their impacts on a state level.

Hear from noteworthy speaker Andrew Brisbo, Executive Director, Marijuana Regulatory Agency, State of Michigan.

AGENDA

  • 07:30 AM – Program Registration & Networking Breakfast
  • 08:15 AM – Welcome & Program Overview
  • 08:20 AM – Cannabis in Michigan
  • 09:10 AM – Attesting to the Cannabis Industry – Considerations and Challenges
  • 10:10 AM – Michigan’s Recreational Marijuana Law: What Every Business Should Know
  • 10:40 AM – Cannabis Taxation: Compliance, Guidance & The Future
  • 11:30 AM – Program Adjourns

Objectives

FEATURED PRESENTATIONS

Cannabis in Michigan
Take a macro view of Michigan’s cannabis industry with insight from the state’s Marijuana Regulatory Agency (MRA). We look into common issues in licensure and how you can navigate the process going forward before digging into the details, all with the CPA’s point of view in mind.
Andrew Brisbo Executive Director, Marijuana Regulatory Agency, State of Michigan

Attesting to the Cannabis Industry – Considerations and Challenges (1 A&A credit)
Legalized cannabis is one of the fastest growing industries in the U.S. making this one attractive market for clients. However, as a Schedule 1 controlled substance on the federal level, CPAs and firms contemplating services to the cannabis industry should consider the applicable risks and the elements involved in this line including attestation and peer review requirements. Our panel of CPAs reviews and discusses the challenges.
Marc J. Lichtman, CPAPartner, UHY LLP, Farmington Hills
Christopher M. Rosmarin, CPA Principal, Rehmann, Grand Rapids
Moderator: Shane BarryVice President, Government Relations, Michigan Association of CPAs, Troy

Adult-Use Marijuana and Real Property Uses
With the implementation of the Michigan Regulation and Taxation of Marijuana Act, it's all about location, location, location. Where your clients decide to open up shop has a great bearing on what they can and cannot do. Real estate questions and real property uses are crucial to your client's success, come hear from industry expert Bob Hendricks on what you need to know as you advise clients in this space.
Robert A. Hendricks, JDSenior Counsel, Warner Norcross + Judd, Grand Rapids

Cannabis Taxation: Compliance, Guidance & The Future
At the end of October 2019, 33 states and the District of Columbia had allowed the use of medical marijuana while recreational use was legalized in 10 states including the District of Columbia. Michigan falls into both categories. There is a tangible need for guidance particularly in the area of cannabis taxation and compliance as the Marijuana Regulatory Agency begins issuing licenses to marijuana establishments and recreational sales in the state commence. Cover the role of IRC section 280E and the tax deductibility of expenses, entity choice as well as the Michigan Department of Treasury’s recently issued RAB on the taxation of adult-use marijuana.
Karenya MillerFounder & President, LC Solutions Michigan PLLC, Flint
Dave MatelskiAdministrative Law Specialist, State of Michigan Department of Treasury, Lansing

Additional Information

Overnight Accommodations:
Overnight accommodations are available at the Prince Conference Center Hotel, and can be made by calling 616.526.7200. When registering, please identify yourself as a MICPA registrant to receive the special rate. Please make your reservation early. The facility may release the room rate 3-4 weeks before the program. Rates cannot be guaranteed after this time.

Electronic materials are available approximately 48 hours prior to the event, and can be downloaded on the My Registration page.

Program Attire:
For your comfort, casual attire is welcome. We recommend using the “layered method” to give you flexibility to adjust to the room temperature.

100% Satisfaction Guarantee:
MICPA delivers the highest quality educational experience. If you are not satisfied with your course, call us at 1.855.594.4273. We will make it right.