myCPE
myCPE

Certified Cannabis Industry Professional (CCIP)

Gain a competitive edge with in-depth skill focused program

Last Updated

December, 2024

Accountant/Bookkeeper/Tax Professionals, CGFM, CMA
19.5 Hours 
On Demand
Included with Subscription

Why Professionals Trust Our Advance Certification Programs

  • Access to cutting-edge industry knowledge and practices.
  • Comprehensive training designed to meet professional needs.
  • Fulfill compliance requirements while acquiring valuable skills.
  • Ongoing updates to course content for relevant industry trends.
certificate
certificate
certificate

What You’ll learn

Are you ready to dive into the evolving world of cannabis accounting and compliance? The Certified Cannabis Industry Professional (CCIP) course equips accountants, financial advisors, and compliance professionals with the tools to tackle the unique challenges of this thriving industry. Gain expertise in regulatory compliance, financial reporting, and social equity licensing while positioning yourself as a leader in cannabis advisory services.

Get Deeper Understanding of:

  • Crafting KYC processes to address cannabis industry compliance and risks.
  • Handling tax challenges, including Section 280E, with strategies.
  • Applying ethical principles to resolve cannabis accounting conflicts effectively.
  • Optimizing inventory, banking, and compliance for cannabis business success.
  • Supporting social equity applicants with unique professional guidance and solutions.

Recommended For:

  • CPAs, CMAs, and financial advisors with prior knowledge of niche industries who wish to gain advanced expertise in cannabis-specific accounting, taxation, and compliance strategies.
  • Professionals in finance, compliance, and legal advisory roles aiming to address the complexities of cannabis businesses while mitigating risks and ensuring regulatory adherence.
  • Individuals looking to enhance their career prospects by mastering the unique financial, legal, and ethical challenges associated with the cannabis industry.

Why take the Certified Cannabis Industry Professional (CCIP) Course with myCPE?

Resources included

  • Handout PDFs for every Module
  • Glossary/Key Terms for every module
  • Q&A directly with instructors.

Career Opportunities

  • Cannabis Compliance Specialist
  • Regulatory Consultant for Cannabis Businesses
  • Cannabis Taxation Advisor
  • Financial Analyst in Cannabis Industry
  • Cannabis Business Development Specialist

Value Addition to your skills

  • Master compliance across federal, state, and local laws.
  • Navigate taxation under IRC Section 280E.
  • Develop estate planning for cannabis businesses.
  • Excel in risk management and due diligence.
  • Gain expertise in social equity and compliance.
  • Master banking and financing for cannabis ventures.

Courses

Course Title Time
1 Hour
  • Analyze unique cannabis industry needs and differentiate from CBD client demands.
  • Identify pitfalls and challenges when serving cannabis industry clients effectively.
  • Explore career implications of navigating cannabis industry regulations and dynamics.
1 Hour
  • Tailor KYC for cannabis: Verify backgrounds, ensure compliance, mitigate risks.
  • Establish client monitoring protocols for ethical, sustainable business growth.
  • Implement due diligence strategies to navigate legal and financial challenges.
1 Hour
  • Master legal, accounting, and cultural essentials for cannabis license applications.
  • Address Schedule I challenges affecting taxes, banking, and business frameworks.
  • Compare social equity vs. non-equity licensing impacts on cannabis businesses.
1 Hour
  • Discover tools to streamline cannabis operations and ensure compliance effortlessly.
  • Evaluate top partners for cannabis ventures to boost client success.
  • Master strategies to mitigate financial risks and foster sustainable growth.
1 Hour
  • Define social equity applicants considering financial, cultural, and racial factors.
  • Discuss professionals' responsibilities toward supporting social equity applicants.
  • Highlight state-specific availability of cannabis industry social equity programs.
1 Hour
  • Interpret federal, state, and local regulations impacting cannabis businesses, including tax codes and banking restrictions. 
  • Analyze the implications of regulatory compliance on financial reporting and operational strategies within the cannabis industry. 
  • Develop strategies to ensure compliance with evolving regulatory requirements while maximizing operational efficiency.
1 Hour
  • Identify emerging trends and developments in the cannabis industry, including legislative changes and market dynamics.
  • Assess potential opportunities and challenges for accountants and financial professionals in the evolving cannabis sector.
  • Develop strategies to adapt to changes in the regulatory and market environment and capitalize on emerging opportunities in cannabis accounting and finance.
1 Hour
  • Identify available banking services and financing options tailored to the unique needs of cannabis businesses.
  • Develop strategies for establishing and maintaining banking relationships in compliance with regulatory requirements.
  • Evaluate alternative financing options and mitigate risks associated with banking challenges in the cannabis industry.
1 Hour
  • Analyze the regulatory landscape governing the cannabis industry, including federal and state regulations.
  • Identify key market trends and drivers influencing the growth and evolution of the cannabis sector.
  • Recognize the roles and significance of various stakeholders within the cannabis industry ecosystem.
1 Hour
  • Navigate cannabis accounting standards to meet unique reporting requirements effectively.
  • Apply revenue recognition and cost accounting for accurate financial statements.
  • Ensure compliance with transparent financial disclosures for stakeholder decision-making.
1 Hour
  • Evaluate different valuation methods and tracking systems for managing cannabis inventory effectively.
  • Implement best practices for accounting for perishable cannabis products and ensuring compliance with regulatory standards.
  • Develop strategies to optimize cost management and operational efficiency in cannabis inventory management.
1 Hour
  • Analyze ethical dilemmas and conflicts of interest commonly encountered in cannabis accounting practice.
  • Apply principles of professional integrity and ethical conduct to navigate complex situations and uphold professional standards.
  • Develop protocols for maintaining independence and objectivity while advising cannabis clients and stakeholders to ensure compliance with ethical and regulatory requirements.
1 Hour
  • Master cannabis tax laws: Section 280E and compliance essentials.
  • Navigate complex multi-level regulations to ensure legal business operations.
  • Develop tailored internal controls for risk, auditing, and operational efficiency.
1 Hour
  • Compare grey vs. licensed cannabis markets and analyze growth trends.
  • Explore cannabis-friendly banks, FS products, and compliance challenges.
  • Learn to separate facts, leverage standards, and find trustworthy insights.
1 Hour
  • Identify which aspects of the SB/AB 1281 cannabis tax reform bill apply to cultivators and which apply to retailers.
  • Analyze the problems in the CA cannabis industry, and how the reform bill seeks to address them.
  • Explore the timeline proposed in the CA cannabis tax reforms.
1 Hour
  • Discuss the tax challenges facing cannabis businesses, including the application of Section 280E of the IRS code.
  • Implement effective tax planning strategies to minimize tax liabilities while adhering to regulatory requirements.
  • Review IRS audits and inquiries confidently by implementing robust record-keeping practices and compliance measures.
1.5 Hours
  • Overview of federal tax rules impacting cannabis businesses and expenses.
  • Tax treatment and reporting for cannabis retailers and manufacturers explained.
  • Federal vs. state tax distinctions for cannabis industry operations clarified.
1 Hour
  • Explore different funding structures and financing options available to cannabis, CBD, and hemp ventures, including equity and debt financing.
  • Develop effective strategies for crafting compelling pitch decks, financial models, and cap tables to attract investors and secure funding for your venture.
  • Navigate regulatory compliance requirements, investor relations, and risk management considerations in capital raising for cannabis, CBD, and hemp ventures.
1 Hour
  • Cannabis Owners Face Unique Estate Challenges: Trusts, Insurance, and Banking Hurdles.
  • Plan for Incapacity: Estate Strategies Beyond Death for Cannabis Entrepreneurs.
  • Savings and Retirement Tools Essential for Cannabis Business Estate Success.
Disclaimer : Before attending any course, please verify that the credit details align with your qualification requirements. This certificate is designed to help you acquire new skills and knowledge, which may or may not fulfill specific compliance criteria. While we have made every effort to ensure our courses adhere to compliance standards, we recommend reviewing the details to confirm applicability for your needs.

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Frequently Asked Questions

This certification covers a comprehensive range of topics essential for professionals working with cannabis clients. It includes strategies for client analysis, understanding unique compliance requirements, and addressing operational challenges specific to the cannabis sector. You’ll explore taxation intricacies such as Section 280E, social equity licensing, inventory management, and financial reporting practices. Additionally, the certification delves into ethical frameworks, banking challenges, and effective risk mitigation techniques to ensure you are well-prepared to navigate the complexities of the cannabis industry.

This certification will provide you with advanced skills and knowledge to effectively support cannabis businesses. You will learn how to tailor client services, manage complex tax and compliance issues, and design strategic solutions for regulatory challenges. By mastering financial reporting standards and ethical practices specific to the cannabis sector, you will enhance your ability to advise clients confidently, mitigate risks, and position yourself as a valuable professional in this growing industry. These capabilities will open up career opportunities and solidify your role as a trusted advisor in the cannabis market.

Certificate course is created by a qualified and experienced instructor(s). myCPE Certificate Courses includes Self-study Courses. Most of the courses are in the form of On-demand Videos. The Self-study Video courses in Certificate courses may be Live recorded presentations converted into Self Study (On-Demand Videos).

You can take your time and attend the course at your own pace. You can take exam unlimited time. So, don’t worry, if you are not able to pass an exam. You will be getting a chance to attend the exam again.

After completion of each course of this Certification Programs, you will be able to download a certificate with the course title and number of hours. Certificates, as well as your study records, are stored for life and you can access them anytime. Certificates are valid proof for your continuing education credits and you can also add it as an additional designation.

Once you register you will have complete access to all the courses of this Certification Programs. The self-study format allows you to access the material online 24x7 and study at your own pace.

As per NASBA guidelines, you have one year from date of purchase of your certificate to complete each program. After completion of each course, you can attend final exam any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.

Course have minimum passing score of 70% in the final exam and you can take multiple attempts of the said exam.

Our video player tracks & stores the watch time and will show you in the progress bar. But you make sure that you don’t fast forward or manually try to move the progress bar. If you have fast forwarded the video or tried to manually move the progress bar of the video. System wouldn’t capture your watch time. So please, let the video go on its own. However, being on-demand video you can pause and play and whenever you want and you can watch it in pieces. It will pick up from where you left off. So, for a self study courses you will have to
1. Complete the entire video 100%.
2. Answer all the review questions correctly. The review questions are at the bottom of the same page where you are viewing the course video.
3. Once you have watched the whole video and answered all the review questions, the Final Quiz will open up. You need to score more than 70% in the Final Quiz to avail your CPE credit. Multiple attempts are allowed for submitting Review and Final Quiz questions.
4. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from the ‘My Certificates’ section. Kindly ensure you have allowed Multiple File download from your web browser to download all certificates.
5. You can download individual certificate from your "Account" as well as from this page once you complete a particular courses. Also, you can download "Consolidated Certificate" from the package page or from your account.

A Self-study course is a recorded video (If it’s a recording of a live course you may see polling questions appearing on the screen. You do not need to answer the polling questions and just let the video play). Do not fast forward. If you fast forward, we may not be able to capture your watch time and you may be required to watch it multiple times. In order to avail your credits for the self-study course, you need to answer the review questions correctly and complete the entire video. Once you have done that, the Final Quiz will open up in which you need to score a minimum 70% to qualify for the credit. You can attempt multiple times for answering the review questions and Final quiz questions. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from ‘My Certificates’ section.
If neither of the above cases works, please drop an email to support@my-cpe.com or contact our support team through live chat support.

The evaluation form will be sent to attendees in the next 24 hours after passing the final quiz with at least 70% marks. Kindly note that the evaluation form will only be available to attendees who remained logged in till the end of the course and answered all the polling questions.

MY-CPE LLC is PCI Compliant - Approved. myCPE uses a secure payment gateway (Stripe.com) to process your payment details. This payment gateway is in accordance with the PCI-DSS Compliance. Therefore, your payment details are secure through SSL encryption. CLICK HERE to view our PCI compliance certificate. Once you have register for the package and paid for it you shall not be granted any refund unless you are not able to access courses for any reason etc.
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