How is Your Social Equity Client Different from Your Regular Licensed Cannabis Client?

  • Accountant
  • CMA
  • CPA (US)

Published: June, 2022

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Ancillary businesses
    5 mins
  • Where to find social equity programs
    9 mins
  • Why is your client interested in the Cannabis industry?
    16 mins
  • Finances and culture are intertwined
    32 mins
  • Fundraising will be ongoing
    37 mins

Course Description

The U.S. cannabis industry is expected to reach $32 Billion in annual sales in 2022. Every year, analysts predict what the cannabis industry is worth. And every year that number exceeds expectations. Last year, annual cannabis sales reached $26.5 billion, and are expected to reach $32 billion in 2022.

Despite its significant size, the industry poses many challenges. Most businesses are subject to various licensing, permit, and registration requirements. These are put in place for public safety, tax, or other reasons. Because the cannabis industry is heavily regulated, licensing for cannabis businesses is particularly complicated.

It’s not a question of “if” you will get a cannabis client, but “when”.

The definition of social equity can vary, depending on the context, but generally boils down to justice and fairness in public policy. When it comes to the cannabis industry, social equity centers around the inclusion of communities of color in every aspect, from cultivation to consulting. While some cities are creating (far from perfect) social equity laws in hopes of creating a more just business landscape, a growing number of people are taking matters into their own hands.

Join this CPE course by Paula Collins to understand social equity cannabis provisions!

Learning Objectives

  • To define a social equity applicant in the cannabis industry.
  • To consider financial, cultural, and racial perspectives of the social equity applicant.
  • To discuss the range of responsibilities that they have as professionals to social equity applicants.
  • To explain that Social Equity programs are not available in all states.

Recommended For

  • This Online CPE webinar is recommended for CPA (US), CMA, CFIRS, CWS, and other professionals who desire to support their cannabis clients.

Who Should Attend?

  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookeeper
  • 1 CPE Credit for Certified Management Accountants (CMA)
  • 1 CPE Credit of Specialized Knowledge for Certified Public Accountants (CPA-US)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Paula Collins

Owner, Law Office of Paula Collins, PLLC

I take a personal interest in my clients and specialize in helping them find solutions to all of their business and individual needs. This means that my clients trust me on a wide range of legal and financial issues that affect their daily lives.

After an early career as a professional pianist, I began to do Tax Preparation for myself and my fellow musicians. This experience is one component of my ongoing practice of providing legal representation to individuals in contracts. I also saw the necessity of protecting assets through Wills, Trusts, and Estate Planning.

In addition to my tax and legal expertise, I have ten years of experience as a Special Education Teacher with NYC Teaching Fellows. Because of this, I have seen firsthand the importance of providing legal representation for those with special needs. The problems faced by these individuals are not abstract concepts to me.

I am a graduate of Brooklyn Law School with a Certificate in Intellectual Property, Media, and Information Law. While in law school, I won the Center for Urban Business Entrepreneurship (CUBE) competition for  an app design to help Indie Filmmakers in developing contracts. Additionally, I won Regional Law School Mediation competition. This award alone is indicative of my ability to find solutions.

Faq

FAQs content

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