Practices & Industries
New York State Marijuana Regulation and Taxation Act: What CPAs Need to Know Webcast
2021
New York is the 15th state to legalize adult-use recreational cannabis and is expected to become one of the largest markets for legal cannabis in the country. New York's legislation, titled the New York State Marijuana Regulation and Taxation Act, will create a new industry in New York that is estimated to bring in over $350 million a year in tax revenue and provide 30,000 to 60,000 new jobs across the state. This course is most beneficial to professionals who intend to work in the cannabis industry; it is essential for CPAs and tax and business advisors to have a basic understanding of how it operates and the challenges it presents.
Main Topics:
- General application/licensing issues;
- Concerns for employers;
- The tax rules applicable to this new business.
Who should attend
Any CPA advising clients who intend to work in the cannabis industry, or anyone wishing to be informed on the new legislature.
Learning objectives
Understand and advise clients regarding the new New York State Marijuana Regulation and Taxation Act
Speakers
- Melissa Subjeck - Hodgson Russ LLP
- Christopher Doyle - Hodgson Russ LLP
- Patrick Hines - Hodgson Russ LLP
- Kinsey O'Brien - Hodgson Russ LLP
- Jack O'Donnell of O'Donnell and Associates