NEW JERSEY: Taxes, banking and investment will be he the focus of the second event in NJ Cannabis Symposium Series, which returns to the NJPAC in Newark, on March 29 from 4:30-8:30pm.
Building on the success of its January program, which brought over 800 budding Cannabis entrepreneurs together to explore the Cannabis industry in NJ, the program is intended to educate those interested in preparing for cannabis business opportunities and follows a natural progression of topics relevant to NJ’s suspected timeline, spotlighting the intricacies, challenges, and opportunities associated with navigating all things finance. Doors will open at 4pm to accommodate registration.
Published panelists include:
● Al Foreman – Partner & CIO at Tuatara Capital
● Cynthia Salarizadeh – Co-founder/Chief Strategy Officer of Green Market Report
● Gary B. Rosen, CPA, CFE, CFF, CVA, CGMA – Partner, Marcum LLP
● Javier Hasse – Cannabis/Biotech Author & Journalist
● John Kagia – Executive Vice President, Industry Analytics at New Frontier Data
● Ellie O. Siegel, Esq., MBA – Founder of Longview Strategic
Justin Zaremba, editor of NJ CANNABIS INSIDER and Aaron Smith, CNN Money’s Cannabis Reporter, will moderate the two panels.
Panel discussions are set to include:
● How to prepare for a capital raise
● Structuring your cap table
● Investment Opportunities in NJ cannabis & Surrounding markets
● Targeting the right kind of funding for your business
● Determining how much capital to raise
● 280E Tax implications
● Deductions for cannabis businesses
● Banking challenges and solutions
“The fundamentals of starting a successful company are careful planning and securing the appropriate resources to get the job done,” said Ellie O. Siegel of Longview Strategic, one of the hosts of The NJ Cannabis Symposium. “Generating a business plan and financial projections can seem daunting, but cannabis requires as much or more planning than operating a start-up in other industries,” she concluded.
Gary Rosen, Partner, Marcum, LLP, said “To succeed in the cannabis business, it is imperative that owners, partners, and investors do their homework and surround themselves with qualified professionals who understand the nuances and caveats of operating in this emerging industry. The panel conversations will provide that base information.”
To facilitate meaningful conversations during the program, NJCS will release a glossary of 101-level terms in order to help level the playing field and ensure that those less familiar with financial jargon can also benefit from a higher level discussion.
Registration, which is offering Advanced Pricing of $50 off the walk-in price March 15.
The New Jersey Cannabis Symposium is being hosted by BSC Group, Ansell Grimm & Aaron, PC, Marcum LLP and Longview Strategic. Returning sponsors include Marijuana Business Association (MJBA), 420 IT Solutions, Blue Dream Vapor, Viridis Security Group and Bridge Strategic Communications LLC.