1 Credits: Taxes
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.
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.
August 8, 2022
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02052-22-O
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 registration 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. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
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 …