Hemp L.A.B.~ Finding Innovative Solutions from a Lawyer, Accountant & Banker (2020)

Published: Jan. 30, 2020, midnight

#HempCBDConnex2020 #Hemp #CBD Panel: Complexities of a Regulated Hemp & CBD Market in Portland, OR at The CBD Connex produced by The Cannabis Collaborative Conference. PANELISTS: Accountant ~Dani Espinda, CPA, CGMA https://www.linkedin.com/in/dani-espinda-cpa-cgma-3a92a323/ Banker~ Carmella Houston https://www.linkedin.com/in/carmella-houston-4b61851a/ Lawyer~ Katrina Glogowski https://www.linkedin.com/in/katrinaglogowski/ Show Notes: 02:13, How are companies avoiding logistical nightmares when shipping or transporting hemp & its derivatives? 04:40, Do hemp companies have an option of cash or accrual accounting? 07:10, If a company is forced to operate all in cash, are there any tools they can use to determine if there’s fraud occurring? 090:15, Can you briefly clarify what the current banking options are for Hemp & CBD businesses? 14:38, How will accessible banking services affect the lending landscape & hemp industry overall? 17:36, What advice do you have for how to prepare & stay ahead of a volatile regulatory environment? 21:15, Generally speaking, would you recommend certain hemp & CBD companies use Section 263A to maximize COGS, enabling a portion of costs to be converted into inventory? 25:47, How will that impact loans and what can account holders do to protect themselves? 29:11, How can companies protect themselves while staying in compliance in an industry that has perpetual potential changes? 40:10, Are additional overhead expenses for CBD ancillary stores worth the tax savings? Or is this a real estate investment strategy to secure future cannabis lounges? 40:44, Will Credit Card Processors and Money Transmitting Services pivot to stay relevant after banking services become readily available? Hemp CBD Connex https://connexhempevents.com/event-schedule/ Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/ The #TalkingHedge: Your cannabis business podcast covering cannabis products, business news, investments & events. https://www.theTalkingHedgepodcast.com Music Info: Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats