On November 15, shareholder Rob Munnelly presented at the Mass Society of Certified Public Accountants’ (MSCPA) “South Shore Breakfast Forum: Cannabis.” The program discussed federal and state laws relating to the cannabis industry, as well as current medical and recreational licensing processes. Additionally, Rob explained the cannabis industry’s key business, accounting and tax issues, including banking challenges, nonprofit versus for-profit medical cannabis businesses, and Federal Tax Code Section 280E.

The MSCPA, a 501(c)6 organization, is the state’s premier professional organization with more than 11,000 members in public accounting, industry and business, government and education. Through its advocacy, continuing professional education, peer review, membership, communications and academic and career development departments, the Society provides services that allow its members to learn, connect and prosper in the accounting profession.

For more information contact: Joanne Thorud; (617) 589-3894; jthorud@davismalm.com

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