This week, the California and Colorado Society of CPAs, along with 18 other state CPA groups, from Alabama to Iowa, are hosting a virtual event. The conference covered the toughest cannabis-related questions that certified public accountants (CPAs) face as they advise clients in the industry. Topics included how the cannabis industry was disrupted by the COVID-19 pandemic and how it might recover, hemp and cannabidiol in food, intellectual property and taxation, and regulatory, banking, and labor issues. Aaron Smith, executive director of the National Cannabis Industry Association, kicked off the event with a birds-eye update on cannabis. While much of the national cannabis conversation has focused on federal legalization and the 2020 election, Smith emphasized that attention should be on the five states that have adult-use and medical legalization on their ballots this fall.
Alyson Martin, Cannabis Wire, 10/26/2020 20:00:00