Gain essential insights into Michigan’s fast-changing cannabis industry- from regulation to taxation and ethics- to better advise and protect your cannabis clients in this high-stakes environment.

Looking for extra flexibility? You can attend the program virtually instead. Details on the virtual option can be found HERE.

Program Agenda

8:30 AM – 8:35 AM
Welcome & Announcements

8:35 AM- 9:25 AM
Keynote Presentation: Mapping the Michigan Regulatory Landscape (1.0 Other)
Join the Michigan Cannabis Regulatory Agency for a comprehensive review of all the regulatory updates impacting the cannabis industry, including current proposed rules and state legislative developments. Plus, explore common licensing referrals leading to enforcement actions, their associated fines, and how to avoid them through solid compliance practices.
Jennifer Piggott – Director, Licensing Division, State of Michigan Cannabis Regulatory Agency, Lansing

9:35 AM – 10:25 AM
The Ethics of Uncertain Tax Positions (1.0 Ethics)
The concept of “tax uncertainties” seems to have a life of its own, and the old notion of “clear reflection of income” seems to be getting less clear each year. Meanwhile, the AICPA Code of Professional Conduct requires compliance with standards. This course considers these tax-related ethics issues and considers a real world case involving disclosure of tax uncertainties.Albert Spalding, CPA, JD, PhD – Associate Professor Emeritus, Wayne State University, Detroit

10:35 AM – 11:25 AM
All About Cannabis Taxation (1.0 Other)
Cannabis tax laws at the state and federal level are poised to change, from the recently proposed wholesale tax in Michigan to the ongoing federal case of Canna Provisions, Inc. v. Merrick Garland related to 280E. Discuss the implications of potential and upcoming tax law changes associated with cannabusinesses, including strategies for maximizing deductions.
Maher Faik, CPA – Principal, Rehmann, Detroit
Madalyn A. Henry, CPA – Manager, Maner Costerisan, P.C., Lansing
Moderator: Simon H. Gumma, CPA, CGMA – President, Gummaco PC, Bloomfield Hills

11:35 AM – 1:15 PM
Dissolution of Cannabis Companies in a World Without Bankruptcy (2.0 Other)
Cannabusinesses in financial distress do not have the option of bankruptcy; however, there are solutions that can lead to positive outcomes for stakeholders. Explore the options for owners facing financial distress, including restructuring, receiverships, assignments for the Benefit of Creditors and other Uniform Commercial Code remedies, and determine the CPA’s role in providing assistance, from spotting red flags in agreements to unwinding bad deals.
Kareyna Miller, CPA, CRISC – Founder, LEACIF, Otter Lake
Matt Thiede, CPA – Senior Managing Director and Partner, Distel Thiede Advisory Services, LLC/Amicus Management, Grand Rapids
Lance Boldery – Member, Dykema Gossett PLLC, Lansing
Moderator: Taylor Schuck, CPA – Owner, Calculated Consulting, Chicago, IL

1:15 PM – 2:00 PM
Lunch Bites Reception

2:00 PM
Program Adjournment

PRICING DETAILS
Register early to take advantage of the best price! Please note, discounted pricing is already reflected in the online price. No promo code is needed.
Through November 11: $189 MICPA Members/ $264 Non-Members
November 12 - November 25: $199 MICPA Members/ $274 Non-Members
November 26 - December 9: $209 MICPA Members/ $284 Non-Members