AAFCPAs’ Cannabis Practice Leaders Join NECANN-Boston Programming Schedule

Posted on

AAFCPAs has been selected to present an educational workshop: Modeling Considerations When Entering a New Market at the New England Cannabis Convention, March 18-20th, 2022, at the Hynes Convention Center, Boston MA.

The New England Cannabis Convention in Boston is considered the can’t-miss event of the year by cannabis operators across the region. This will be the largest, most important cannabis industry event on the East Coast.

Modeling Considerations When Entering a New Market

Entering a new Cannabis market requires planning and adapting to regional nuances unlike almost any other business. Financial modeling is a crucial step to understanding what lies ahead, and operators must consider a myriad of key factors that will most impact their balance sheet. There are highly individualized markets that vary in regulation, pricing, competition, saturation, and just about every other business consideration. And, there are layers of compliance and regulations at the city, county, and state level that must be navigated. As you model your path into a new jurisdiction, operators must shed assumptions and dig into the local environment to understand the hurdles.

AAFCPAs’ Cannabis Practice Leaders Janice O’Reilly and Scott Posnick will provide attendees with insight into:

• Key financing considerations when entering a new market
• Challenges in forecasting operational expenses, including local energy/utility and talent nuances, which can cause delay in becoming operational and affect your burn rate

Learn more about NECANN Boston. >>

Please spread the word so others may benefit from this helpful industry conference, and please contact Janice O’Reilly, CPA, CGMA or Scott Posnick, CMA if you are headed to the Convention!