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