CalCPA Cannabis Industry Symposium Examines Impact Of COVID-19, Regulation & Economic Outlook On CA’s $3 Billion Cannabis Sector

CALIFORNIA: COVID-19 has wreaked havoc on the California economy, and the cannabis sector has not been immune. Supply chains have been disrupted, revenues have taken a hit, and labor has been impacted. California’s cannabis industry is feeling the pain and seeking a path to recovery through economic stimulus, innovation and new business models, and solid advice from key advisors like CPAs who guide them through complex tax, accounting and auditing matters.

On August 7, 2020, CalCPA will again bring together leading experts and thinkers at its annual Cannabis Industry Virtual Symposium, where attendees will learn about the latest tax, legal and accounting updates impacting cannabis industry businesses and the professionals who advise them. Speakers will provide insight into new, recently implemented policies, outcomes from the COVID-19 stimulus legislation, interpretation of tax law, review of banking rules, trends in federal legislative actions, how to handle bankruptcy and receivership, and valuation of cannabis businesses.

Seattle Hempfest Threatened With Extinction By Travel Giant Expedia’s Denial Of Access

Last minute denial of service road expected to negatively impact “Protestival”

WASHINGTON: “The Seattle Hempfest is taking place this year but with an extreme burden that will be disruptive to waterfront businesses and locals in the area. Hempfest has made good faith efforts to negotiate solutions, but even the most modest accommodation has been rejected by Expedia and the Port of Seattle,” says Seattle Hempfest director, Vivian McPeak.

“Forty-five days before the event, Expedia informed us via the Port of Seattle that they are not allowing Hempfest access to the road it has used for 25 years to bring supply vehicles, vendors, and staff into the back of the event. Expedia is blocking access because they say Hempfest will interfere with their construction and employee vehicle traffic for a few days,” he continues. “First Expedia took away all of Hempfest’s parking, now they are declining access for its production.

 

Seattle Hempfest

This last-minute denial is costing Seattle Hempfest thousands of dollars in extra fees and is creating a logistical nightmare likely to lead to unnecessary traffic snarls on a major arterial along and near the central waterfront.” Over 100,000 attendees are expected at the August 16, 17, 18 Seattle Special Event, now in its 28th year, and the 25th year at its current venue, Myrtle Edwards and Centennial Parks.

Expedia’s denial of access may jeopardize the future of this historic event. “Expedia purchased the former Amgen facility that is adjacent to Centennial Park and is undergoing a massive development project. Seattle residents have been severely impacted by the recent relocation to the city by giant tech companies, threatening the city’s culture, history, and historic buildings as gentrification and congestion runs rampant across the city,” says McPeak. “Expedia is apparently willing to end Hempfest rather than endure a few days of temporary inconvenience.”

At Expedia’s bidding, the Port of Seattle, which issues a permit for Hempfest to use Centennial Park, is only granting Hempfest use of the north service road Alaska Way West between the hours of 7 PM and 4 AM ―impossible hours to load event equipment such as staging, fencing, scaffolding, portable toilets, tent canopies, and wash stations in and out of the venue. Even the most meager requests, such as a few band parking spots, have been ignored by Expedia.

Organizers believe Expedia is working to end the world-renowned free speech event.  Hempfest supporters have created a MoveOn.org boycott petition.

Managing Your I-502 Business Bootcamp is Feb 16th In Seattle

WASHINGTON: The Marijuana Business Association (MJBA) and Washington cannabis legal firm NWMJ Law have teamed up to present a series of business “bootcamps” tailored specifically to meet the needs of Washington’s licensed cannabis businesses.

The bi-monthly series kicks off February 16th, 6-8:30PM  at the Factory Luxe (Old Rainier Brewery) with the fundamentals of  “Managing Your 502 Business.”

Attorney Anne Van Leynseele will moderate the event. She has assembled a number of cannabis industry subject matter experts, including Norm Ives, Mosaic Insurance, CPA Dani Espinda, and business coach Debbie Whitlock , who will serve as VIP Panelists during this 2-hour interactive panel presentation.

There is a $10 cover charge for this event. Seating is limited, and RSVP’s are requested: