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New Frontier Data is proud to partner with one of the largest and esteemed accounting firms in the world, CohnReznick, to present: U.S. Cannabis Accounting & Financial Management Report: 2019- 2020 Best Practices. The purpose of this report is to provide an overview of some of the industry’s critical accounting issues as identified by CohnReznick’s experts, and examine ways through which businesses can manage risk and lower their tax exposure.Topics in this report include:
- Agricultural accounting for cannabis industry participants – A comparison of IFRS and U.S. GAAP
- Risks and opportunities assessment in cannabis real estate
- Advice for both sides of the cannabis M&A equation
- Cost-segregation studies and how they offer an effective way to minimize tax liabilities
- An analysis of cannabis company valuations and the importance of due diligence
- The role of technology in the industry and its competitive advantage
- The critical importance of emergency response and continuity of operations protocols to minimize disruptions
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