News & Insights > Cannabis ESOPs: Why an ESOP is an Industry Game Changer
Webinar
Event

Cannabis ESOPs: Why an ESOP is an Industry Game Changer

Date: May 21, 2024, 1:00 PM – 2:00 PM EST

Co-hosted with BGM and MBO Ventures

Join us for an insightful session on “Cannabis ESOPs: Why an ESOP is an Industry Game Changer.” Business owners who are considering selling their business should understand the Employee Stock Ownership Plan (ESOP) option, its significant tax advantages, and the nuances of navigating an ESOP transaction and approvals by regulators in your state.

This webinar will include a discussion of how cannabis businesses can:

  • Pay Zero Income Taxes: Uncover the strategies to pay zero income taxes by structuring your cannabis firm as an ESOP.
  • Double/Triple Your Cash Flow: Learn from industry experts how implementing an ESOP can lead to a significant boost in your cash flow.
  • Increase Worker Retention by 300%: Explore the powerful impact of ESOPs on workforce retention, potentially increasing it by up to 300%.
  • Sell Your Firm to Employees: Gain insights into the process of selling your cannabis business to your employees through an ESOP structure, fostering a sense of ownership and commitment.
  • Access Regulatory Guidance: Hear directly from experts on how to collaborate with regulators to ensure seamless ESOP approval in your state.

This webinar is designed for the owners of cannabis businesses who may be interested in alternatives to transitioning out of their business.

Meet Our Speakers:

  • Calvin P. Shannon, CPA, CVA, Principal at BGM with over 20 years of specialized experience in tax, advisory, and business valuation services and a focus on the cannabis industry since 2009
  • Hannah King, Partner, Dentons: A cannabis lawyer and leading authority on the highly regulated and complicated cannabis industry
  • Darren Gleeman, Managing Partner, MBO Ventures: An ESOP advisor, investment banker and prolific angel investor
  • Moderated by Cory M. Parnell, CPA, is a Principal and the Chief Executive Officer of BGM and has focused on the cannabis industry since 2009
Register here
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Posted

05.03.24

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Webinar
Event
Cannabis

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