Legislation & Taxation for Cannabis Businesses
Presented By Thomas V. Cardinale & Eric Altstadter (EisnerAmper)
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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.