AAFCPAs’ Cannabis Practice Leaders Join NECANN-Boston Programming Schedule

Posted on February 16, 2023February 22, 2023

AAFCPAs has been selected to present two educational workshops at NECANN Boston 2023 (The New England Cannabis Convention) scheduled for March 10-12th at the Hynes Convention Center, Boston. AAFCPAs’ Cannabis Practice has also signed on as a Sponsor for the Convention, aka “THE Annual Meeting of the East Coast Cannabis Industry!”

Entrance to Exit for Your Cannabis Business

Friday, March 10^th, 2023 | 10:30 – 1:00pm

This valuable workshop will discuss all aspects of entering the legal cannabis market, from licensing and compliant operations to successfully exiting. The high-level panel will include Dave McManus, CPA & CGMA of AAFCPAs, one of the largest providers of cannabis tax services in the country; Ron Lipof, President of Prince Lobel Stategic Advisors, one of the leading cannabis advisory firms in the nation; Attorney Daniel Glissman from Prince Lobel Tye, one of the country’s leading cannabis law firms; Peter D’Agostino, a Partner with Tenex Strategies, leading experts in navigating the licensing process; Melissa Maranda, President of Lighthouse Business Solutions, a leader in cannabis banking, and Dan Serard, Director of Business Development at Cannabis Creative Group, a leading provider of cannabis creative and marketing services.

KPIs: What Data Should Cannabis Operators Use to Drive Decisions?

Friday, March 10^th, 2023 | 10:30 – 11:20am

Data and finance are increasingly linked, and cannabis companies that are growing fast, or facing headwinds, should be on the lookout for information that helps them adapt and optimize profitability. AAFCPAs’ Cannabis leaders Scott Posnick and Alvin Rasmus will provide Key Business Questions (KBQs) and associated KPIs that can influence your decisions as an operator.

Learn more about NECANN Boston. >>

Please spread the word so others may benefit from this helpful industry conference, and please contact Dave McManus, Scott Posnick or Alvin Rasmus if you are headed to the Convention!

About AAFCPAs’ Cannabis Practice

AAFCPAs is an industry pioneer and since 2012 has been deeply immersed advising cannabis businesses in tax, finance, and outsourced accounting! With national recognition, our multi-disciplinary team of advisors include CPAs, CFOs, estate planning & tax attorneys, wealth advisors, as well as business process, data analytics, IT, and cyber security professionals.

About the Authors

David McManus, CPA, CGMA

Dave leads AAFCPAs’ Cannabis Business Practice, providing highly coveted tax, entity structure, and business advisory solutions. Dave has been deeply immersed in understanding the complex financial and operational nuances of the cannabis industry since 2012. He advises multi-state operators, recreational and medical retailers, cultivators, product manufacturers, and investors. He proactively advises clients on risks, opportunities, and tax implications related to market entry, accounting methods, capital structure, debt financing, R&D, M&A, and goodwill impairment. He has led industry training sessions on interpreting and implementing new federal and state marijuana statutes, including compliance with 280E. Dave maintains a strong network of cannabis industry investors, attorneys, bankers, employee compensation and benefits providers, realtors, risk managers, and insurance agents, and he leverages these resources as appropriate to help clients achieve success.

Alvin Rasmus, MBA

Alvin is a seasoned CFO and senior member of AAFCPAs’ Managed Accounting Solutions (MAS) practice. He has extensive experience providing leadership, strategic vision, and sound operational support to growth-staged companies, including those in life sciences, technology, financial services, and cannabis. Alvin’s expertise includes financial modeling, analysis & reporting, cross-functional team leadership, process improvement, enterprise risk management, technical accounting, SOX 404 implementation, transaction due diligence, strategic planning & execution, and change management. He has extensive experience working on both buy-side and sell-side M&A transactions, and integrations. Alvin helps AAFCPAs’ clients achieve their long-term financial goals by examining their objectives, determining the resources necessary for the job, and organizing a plan of action to fulfill these aspirations. He serves as a true finance partner, helping CEOs, sales executives, and other program leaders understand which goals are realistic and pointing out major risks or benefits to each project.

Scott Posnick, CMA

Scott is a senior member of AAFCPAs' Managed Accounting Solutions practice, providing high-level, outsourced CFO oversight and strategic planning, including financial forecasts & analysis and advising on growth strategies, business transactions, tax optimization, and strengthening internal controls. He has 35+ years of diverse, hands-on industry experience, including: high tech, biotech, manufacturing, distribution & wholesale, leasing and finance, as well as many traditional New England-based industries. Scott is well-versed in the issues and complexities facing commercial company entrepreneurs, and he makes himself an invaluable source of financial guidance as an extended member of client management teams.