Webinar: Cannabis ESOPs – The Industry Game Changer

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While the cannabis industry is growing rapidly, cannabis business owners still face trade-specific challenges—from regulations to banking restrictions and from capital acquisition to mounting competition. These pressures have led many businesses to explore Employee Stock Ownership Plans (ESOPs) to enhance employee loyalty, reduce their tax obligation, raise capital, plan for eventual succession, and prioritize a strong company culture. 

Please join us for an insightful discussion on the value and benefits of ESOPs within the cannabis industry. This webinar is designed for cannabis business owners who may be interested in alternatives to transitioning out of their business. 

What: Cannabis ESOPs: Why an ESOP is an Industry Game Changer 

When: April 25, 2024 from 1:00 PM – 2:00 PM EST 

Where: This is a live virtual event. 

During the webinar, you’ll learn: 

  • Strategies to reduce your tax obligation by structuring your cannabis firm as an ESOP. 
  • Ways to implement an ESOP so you notably boost cash flow. 
  • How to use an ESOP to attract top talent and improve morale by giving workers an ownership interest in the company. 
  • Insights on selling your cannabis business to employees through an ESOP structure. 
  • How to collaborate with regulators to ensure seamless ESOP approval in your state.  

Register Today

Meet the Panelists

Josh England

Joshua England, LLM, Esq., Partner & Tax Attorney, AAFCPAs. Josh works extensively within the cannabis space including advising on entity structure and maximizing IRC sec 280E compliance.

Hannah King Photo

Hannah King, Partner, Dentons. Hannah is a cannabis lawyer and leading authority in the highly regulated and complicated cannabis industry.   

Darren-Gleeman-MBO-Manaing-Partner

Darren Gleeman, Managing Partner, MBO Ventures. Darren is an ESOP advisor, investment banker, and angel investor.   

David McManus, CPA, CGMA, Tax Partner & Cannabis Practice Leader, AAFCPAs. Dave has provided advanced financial and operational counsel to the cannabis industry since 2012.  

Mark-Loyd-Dentons

Moderated by Mark Loyd, Partner and Co-lead of the national tax practice at Dentons.

About AAFCPAs’ Cannabis Practice 

AAFCPAs has been a cannabis industry pioneer since 2012, providing tax, finance, and outsourced accounting support from a multi-disciplinary team of advisors including CPAs, CFOs, wealth advisors, estate planning and tax attorneys along with business process, data analytics, IT, and cyber security professionals. We were the first full-service CPA and consulting firm to advise Massachusetts cannabis companies and are a recognized leader in the space. AAFCPAs provides tax, audit, accounting, and consulting solutions to cannabis businesses across the United States including Arizona, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Massachusetts, Maine, Michigan, New York, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, Rhode Island, and Vermont. We continue to add support to new states as they come online. Learn More >>