CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Investing in Existing Cannabis Opportunities or Applying for a New Cannabis License: Cannabis Applications, Entity Formation, Raising Capital, Operational Considerations, and Various Investment Structures

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
1 Credits: Taxes

Course Description

There are two ways to invest in the fast growing cannabis industry. You can invest in an existing licensee or you can apply for a new cannabis license. We will discuss how to deploy your capital and time in both endeavors. If you are seeking to apply for a new license, we will discuss the magnitude of what is involved in your typical license application and how to best approach a cannabis application to give your team a chance at “winning” a license. If you are considering investing in an existing licensee we will discuss what the considerations to think about before moving forward.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Understand the different considerations when deciding whether to seek a new cannabis license or invest in an existing licensee
  • Understand the various entity choices to consider when investing in a cannabis opportunity or raising capital for your existing cannabis company – C Corp, LLC, S Corp, and Not for Profit
  • Understand the risks associated with cannabis investing from the Federal illegality of marijuana to potential public disclosure of an individual’s cannabis investment, as well as understand some potential tools to use to avoid such public disclosure
  • Understand the various structures used to invest in cannabis companies and the pros and cons of such structures – equity, debt, convertible debt, etc.

Course Specifics

Course ID
WC1822292115
Revision Date
August 8, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02052-22-O
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1788
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Adam Fayne, Attorney

Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both …

Adam Fayne, Attorney Read More »

Investing in Existing Cannabis Opportunities or Applying for a New Cannabis License: Cannabis Applications, Entity Formation, Raising Capital, Operational Considerations, and Various Investment Structures

Expert Instructors
CPE CREDITS
1 Credits: Taxes

$49.00


Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
This webcast is 1 hours in length so you must start it before 07:00 pm ET.
Start within 10 hour(s) and 15 minutes to watch today.

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
1 Credits: Taxes

Course Description

There are two ways to invest in the fast growing cannabis industry. You can invest in an existing licensee or you can apply for a new cannabis license. We will discuss how to deploy your capital and time in both endeavors. If you are seeking to apply for a new license, we will discuss the magnitude of what is involved in your typical license application and how to best approach a cannabis application to give your team a chance at “winning” a license. If you are considering investing in an existing licensee we will discuss what the considerations to think about before moving forward.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Understand the different considerations when deciding whether to seek a new cannabis license or invest in an existing licensee
  • Understand the various entity choices to consider when investing in a cannabis opportunity or raising capital for your existing cannabis company – C Corp, LLC, S Corp, and Not for Profit
  • Understand the risks associated with cannabis investing from the Federal illegality of marijuana to potential public disclosure of an individual’s cannabis investment, as well as understand some potential tools to use to avoid such public disclosure
  • Understand the various structures used to invest in cannabis companies and the pros and cons of such structures – equity, debt, convertible debt, etc.

Course Specifics

Course ID
WC1822292115
Revision Date
August 8, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02052-22-O
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1788
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Adam Fayne, Attorney

Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both …

Adam Fayne, Attorney Read More »

Investing in Existing Cannabis Opportunities or Applying for a New Cannabis License: Cannabis Applications, Entity Formation, Raising Capital, Operational Considerations, and Various Investment Structures

Expert Instructors
CPE CREDITS
1 Credits: Taxes

Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
This webcast is 1 hours in length so you must start it before 07:00 pm ET.
Start within 10 hour(s) and 15 minutes to watch today.

$49.00