BV548 Understanding the Emerging and Evolving Landscape in Marijuana Appraisal: A Focus on the Unique Attributes within a Unique Industry

Webinar Description

The webinar will provide an overview of the regulated, legal side of the industry which now includes 19 states with recreational/adult use access and 38 states with medical access. This session will lay a foundation focusing on the modern historical background of the cannabis plant and the evolution of laws and regulations related to marijuana and agricultural hemp. The segment is designed to be useful for CPA practitioners desiring to provide or enhance their services within the cannabis and hemp niches. This session includes fast-paced discussion of what has been learned in other more mature markets like Colorado, Oregon and California and what to expect in emerging markets where there is currently only medical access to cannabis or recent state legal regulatory access to recreational cannabis. The state of Colorado will be used as an example of cannabis economics and regulatory oversight.

Learning Outcomes

Upon webinar completion, the participant will be able to:

• Gain an understanding of the often extreme jurisdictional differences between states and municipalities in how access to recreational and medical marijuana is licensed and regulated;
• Explore industry resources available to assist in staying knowledgeable in the sector; 
• Understand the criteria being used to award license rights, including a growing emphasis on social equities; 
• Inventory judicial and legislative initiatives that may greatly impact the future of the industry;  
• Explore the expanding domestic and global footprint of cannabis; and 
• The state of Colorado will be used as an example of how cannabis and hemp is regulated throughout the U.S.

Course Audience

Anyone working with or interested in appraisal of cannabis enterprises and license rights.

Instructor Information

Ron Seigneur, ASA | Seigneur Gustafson, LLP

Ron is a founding partner of Seigneur Gustafson LLP, based in Lakewood Colorado, where he is responsible for financial forensics, business and intellectual property valuation, practice management consulting and exit & succession planning services. He is co-author of Financial Valuations: Applications and Models, published by John Wiley & Sons, Reasonable Compensation: Applications and Analysis for Management, Valuation and Tax, published by Business Valuation Resources, the second edition of The Cannabis Industry Accounting and Appraisal Guide, published by LuLu, Financial Expert Guide for Family Law Judges and Attorneys, published by Business Valuation Resources, and a contributing author to the 6th edition of Shannon Pratt’s Valuing a Business. Ron has been an adjunct professor at the University of Denver Daniels College of Business teaching business appraisal classes. Ron is also chair of the Business Valuation Committee of the American Society of Appraisers. He has a BA from Michigan State University and an MBA from the University of Michigan. He is a fellow of the College of Law Practice Management and a frequent speaker and author on professional practice issues including leadership, expert witness skills, cannabis industry matters, strategic planning, compensation and related topics.

Ryan Cram | Seigneur Gustafson, LLP

Ryan Cram has worked as a Financial Analyst with Seigneur Gustafson, LLP since 2016, and specializes in cannabis, hemp and early stage company valuation.  Prior to joining SG, Ryan developed his professional skills as an investment analyst with a globally recognized sell-side equity research firm covering wireless semiconductor stocks.  In 2014, he started a consulting practice valuing cannabis related businesses and aiding firms in fundraising efforts.  His research has been published in various publications and throughout Wall Street over the last several years.  He’s also made several public and television appearances delivering commentary on valuation issues for the cannabis, hemp, and wireless technology industries. Mr. Cram graduated from Colorado State University in 2003 with a degree in Finance & Real Estate and is a Certified Valuation Analyst (CVA). 

Continuing Education

Review of this session recording will award 2.4 CE hour(s). 

CPE credit is not awarded for this pre-recorded offering.