Seminar Series

Legislation & Taxation for Cannabis Businesses

Legislation & Taxation for Cannabis Businesses

Presented By Thomas V. Cardinale & Eric Altstadter (EisnerAmper)

EisnerAmper” is the brand name under which EisnerAmper LLP and Eisner Advisory Group LLC provide professional services. EisnerAmper LLP and Eisner Advisory Group LLC are independently owned firms that practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. EisnerAmper LLP is a licensed CPA firm that provides attest services, and Eisner Advisory Group LLC and its subsidiary entities provide tax and business consulting services to clients and provide staff and other administrative resources to EisnerAmper LLP. Eisner Advisory Group LLC and its subsidiary entities are not licensed CPA firms.

EisnerAmper LLP and Eisner Advisory Group LLC are member firms of EisnerAmper Global Ltd., a network of legally independent firms, and of Allinial Global, an association of legally independent accounting and consulting firms. EisnerAmper Global Ltd., Allinial Global, and their member firms and correspondent firms (including EisnerAmper LLP and Eisner Advisory Group LLC and its affiliated entities) are not responsible for, do not accept liability for, and do not owe any duty with respect to the services or advice provided by any other member or correspondent firms.

Any tax advice contained in this memorandum (including any attachments) is not intended for and cannot be used, for the purpose of (i) avoiding penalties imposed by the Internal Revenue Code or (ii) promoting, marketing, or recommending any transaction.

ABOUT ERIC ALTSTADLER

Eric Altstadter is an Audit Partner and Chair of the firm’s Cannabis and Hemp practice within the Manufacturing and Distribution Group. He has more than 30 years of experience working with public companies and privately held businesses throughout the country.

Eric has helped numerous clients through the complex financial reporting and compliance issues associated with the filing of registration statements with the Securities and Exchange Commission (SEC) and raising capital from other groups. He has significant experience with companies in the financial services, technology, manufacturing and distribution, and retail industries.

Eric is a frequent speaker on accounting, auditing, and business topics. Actively involved in cannabis industry events he was recently named an amNewYorkMetro Cannabis Industry power Player. He is regularly recognized by the Long Island Business News (LIBN) in their Who’s Who in Accounting and Who’s Who in Audits editions. Eric was previously named by LIBN as one of the “Around 50” honorees in recognition of his leadership and support of Long Island businesses and the community.

ABOUT TOM CARDINALE

Tom Cardinale is a Tax Partner with over 20 years of public accounting experience and a member of the firm’s Corporate Tax Group. His core responsibilities include managing large business tax compliance engagements for domestic and multinational C-Corporations. Tom is also proficient in ASC 740 income tax provision compliance for public and private companies. Overall, he has vast experience in the manufacturing, distribution, retail, service, and technology space.

Tom is a national tax leader to emerging business groups in the firm, including blockchain and cryptocurrency, and cannabis and hemp. He is also an advisor to the Transaction Advisory Services Group (TAS), to which he advises business owners on specialty tax provisions, tax strategies in mergers and acquisitions, and due diligence support.

In media activities, Tom is the Editor-in-Chief of the firm’s Business Tax Quarterly newsletter, a publication covering current and mainstream business tax topics. He has also been a CNBC contributor discussing cryptocurrency tax matters, and been quoted in various print media, including Bloomberg, Barron’s, MarketWatch, and Financial Advisor Magazine.

Throughout his career, Tom has conducted several presentations and been a panel speaker on an array of corporate business tax topics for the Tax Executives Institute (NJ/NY Chapters), Financial Executives International, and the New Jersey Society of Certified Public Accountants.