About the Event

Mastermind: Medical Marijuana Accounting For Your Business Licensing Application

Cannabis Startup Incubator offers intensive step-by-step mastermind courses for medical marijuana business licensing applications in accordance with Amendment 2 Section XIV Missouri of the Constitution.

Learn how to prepare your business plan for success with access to up to date financial data and a look into the past, present and future of cannabis pricing, sales, taxes, and much more!

Register Now Time & Location

May 25th, 2:00 PM – 4:00 PM Cannabis Startup Incubator, 300 E 39th St, Kansas City, MO 64111, USA

2 -HOUR MASTERMIND COURSE CURRICULUM

Amendment 2, Section XIV, Medical Marijuana Missouri

Business Structure

• Goals
• Financing or Investment Types- Friends & Family, Angel, Private
• Securities Law
• Separate Entities for Non-Plant Touching Business

Cannabis Tax Responsibilities-Know Your Tax Rates

• Fed
• State
• Local
• Sales & Use

Selecting an Accounting & Point of Sale System

• Chart of Accounts
• Suspicious Activity Report 8300 SAR
• 280E What It Is & What It Means
• Cost of Goods Sold- What Canna Businesses Can Include
• Deductions- Sales or Product (Inventory)

Best Practices

• Documentation Management & Record Keeping
• Compliance State, Local
• Internal Controls & Audits-Reconciliations
• Inventory Management
• Fraud & Theft Controls
• Payroll & Tax Solutions
• Penalties & Audits

How Using Data Will Increase Your Profits

• Initial Shortages
• Wholesale Inflation & Realization
• Price Wars & Drops
• Current Trends on Sales, Growth & Values
• Medical Market by State
• Patient Count by State
• Retention
• Saturation
• Product Sales by State
• Flower
• Edibles
• Concentrates

ABOUT CANNABIS STARTUP INCUBATOR™

Founded in 2009, Cannabis Start Up Incubator™ is recognized as a top startup performer in America. We believe in the power of open collaboration and establishing plans and business environments that can truly have local and national impact.

Event will be followed by an after-class FAQ and networking soiree to encourage a vibrant and veracious business climate.

Course curriculum specifically designed with the most recent updates from the Missouri Department of Health and Senior Services, Section 1. Article XIV.