AAFCPAs to Speak at NECANN NJ

AAFCPAs’ Cannabis Practice leaders Dave McManus, CPA, CGMA and Janice O’Reilly, CPA, CGMA have been invited to speak at the 2023 New Jersey Cannabis Convention being held September 8-9 at the Atlantic City Convention Center. The two will take the stage on Friday, September 8, 2023 from 11:30 AM to 12:20 PM to present “What New Operators Need to Know that Those in Mature Markets had to Figure out the Hard Way”. Now in its fourth year, NECANN’s New Jersey Cannabis Convention is continually growing in attendance as local markets develop.

This informative and educational session will explore advantages for new market entrants along with the invaluable lessons they can learn from the trials and growing pains experienced by operators in mature markets like Massachusetts, where cannabis was legalized statewide in 2012. In this session, AAFCPAs provides operators with information on ways to bypass some of the most common market entry hurdles. An audience of license holders, suppliers, medical dispensaries, investors, cultivators, and entrepreneurs will leave with a greater understanding about where they should focus their time and financial investment to avert risk and optimize profitability.

Concurrently, AAFCPAs is pleased to sponsor the upcoming 2023 Annual Cannabis Buy/Sell Networking Summit on September 7, 2023. Presented by Prince Lobel, the exclusive invite-only matchmaking event will host cannabis license and business buyers and sellers.

If you have questions or if you are buying or selling an operation and would like to be part of the 2023 Annual Cannabis Buy/Sell Networking Summit, please contact David McManus, CPA, CGMA, Tax Partner & Cannabis Practice Leader at 774.512.4014 or dmcmanus@nullaafcpa.com, Janice O’Reilly, CPA, CGMA, Partner at 774.512.9046 or joreilly@nullaafcpa.com—or your AAFCPAs Partner.

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.

Janice O’Reilly, CPA, CGMA

Janice is a Partner in the Consulting Division of AAFCPAs and advisor and former leader of the Managed Accounting Solutions (MAS) practice, which provides “right-size” outsourced accounting solutions, from cloud-based bookkeeping to CFO deliverables, designed to optimize the effectiveness of the modern finance function. Public, privately-held, and nonprofit organizations value the pragmatic assessment, infrastructure set-up, and flawless execution of their accounting & finance deliverables—all completed with the resources and technical expertise of AAFCPAs’ full-service CPA and consulting firm.