We’ll be having a panel discussion around cannabis. With states like New Jersey around the country that have legalized recreational marijuana, what does that mean for the garden state?
Learning Objectives:
- How do the state and federal laws affect us differently?
- What is the catalyst for future growth in the industry?
- Will banks/firms ever allow these businesses as clients?
Thank you to our Sponsors
Event Details
Who Should Attend?
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Attorneys
You have close relationships with clients, and can benefit from being the first advisor to introduce the idea of exit planning.
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CPAs/Accountants
Owners participating in the State of Owner Readiness research continue to indicate that you are the No. 1 "Most Trusted Advisor." You are a natural fit to lead the exit planning team and deepen your relationship (and retention) of next generation owners.
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Wealth Managers
You’re a skilled relationship person. Being entangled into your clients’ professional lives matters as you build a strategy to manage their wealth upon them harvesting it from their business. Exit planning allows you to build a deeper relationship with your client, expands your COI network, while giving you an early seat at table well before the liquidity event.
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Financial Advisors
One of the critical ‘legs of the stool’ is personal financing planning. An owner must have a strong financial plan & contingency plan post-transition to enable them to thrive in the next act of the lives personally and financially. Exit planning brings this future mindset into the present. Exit is now.
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Valuation Analysts
Valuation is both a billable engagement AND an opportunity to provide owners some perspective on how to accelerate value drivers (and deal with value killers). Use exit planning to make that valuation into a longer term value acceleration engagement.
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Investment Bankers
Only 2 of every 10 businesses that come to market actually sell. Learn how exit planning can bring attractive AND ready business to your purview.
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Estate Planners
Exit planning is a natural fit for estate planners who want to operate more holistically with their owner clients.
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Strategic Consultants
One of the most critical roles in exit planning is building transferable value. Strategic consultants have the ability to expand options and drive rapid business value that affect performance today.
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Insurance Professionals
Exit planning addresses the 5 D's. So do you. Approach the risk conversation differently with exit planning.
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Mergers & Acquisition Advisors
Proper exit planning causes less deals to fall through at the last minute. Connect with CEPAs to build your healthy deal flow network.
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Commercial Lenders
One of the best relationships a business owner makes is with their banker. How can you help your corporate clients think about the future and ensure financial continuity? Answer: exit planning.
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Family Business Advisors
More than 50% of lower middle market business owners would prefer to transition to the next generation. Help them succeed with exit planning strategies.
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Other Professional Advisors
Regardless of your unique specialty, there is seat at the exit planning table for you. Learn more at www.EarnCEPA.com.
EXIT PLANNING IS GOOD BUSINESS STRATEGY
The Exit Planning Institute, provides Financial Advisors, Accountants, Consultants, and other advisors of business owners with the critical education to differentiate themselves and add value to their existing client relationships through a credential, conference, courses, and content. Download the CEPA brochure for more information.
ABOUT THE PRESENTERS
Michael Schwamm
Michael Schwamm represents public and private entities in the cannabis industry in all aspects of their business affairs. His practice includes mergers and acquisitions, angel and venture capital financing and other capital formation transactions, as well as providing general corporate counseling. Within the cannabis sector, Mr. Schwamm advises companies of all sizes, including startups, venture-backed companies, privately held businesses and public companies, in all aspects of their business affairs. In particular, he has worked on two of the larger cross-border public company mergers and well as industry roll-ups. He also provides services to venture capital and private equity funds and angel investors as well as high net worth individuals and family offices, in connection with fund formation and investment. Mr. Schwamm has moderated or participated on a number of panels focusing on investing in cannabis.
In 2022, Mr. Schwamm was recognized by Chambers USA: America’s Leading Lawyers for Business as one of the top cannabis lawyers in the country, quoting clients as saying, "Michael is collaborative, reliable, and leads a great team. He is very knowledgeable on all things cannabis and M&A and he has great cross-border experience."
Stacey has been involved in the various accounting related aspects of the cannabis industry since 2014. She has provided a wide range of services in the industry including traditional accounting and tax services. Her experience in business valuation, forensic accounting, economic damages, and litigation support services spanning more than twenty five years has enabled her to perform these types of services within the cannabis industry as well. Stacey has helped clients before obtaining their license, new operators and experienced operators, buyers and sellers of cannabis businesses, and those involved in litigation matters.
Stacey earned her Bachelor of Science degree in Accounting from the University of Delaware and received the Accredited in Business Valuation and Certified in Financial Forensics designations from the American Institute of Certified Public Accountants (AICPA) and the Certified Valuation Analyst credential from the National Association of Certified Valuators and Analysts (NACVA). Stacey is past chair of the New Jersey Society of Certified Public Accountants’ Cannabis Industry Group and Treasurer of the South Jersey Collaborative Divorce Professionals Group. She has served on numerous committees, including those of the AICPA, NACVA, NACVA – New Jersey, and New Jersey Society of Certified Public Accountants, as well as being a published author on topics related to valuation, economic damages, family law, and the cannabis industry. She is a contributor to the New Jersey Cannabis Insider.
Scott is a co-founder and President of The Panther Group. Scott joined the Panther Opportunity Fund (“Panther”), a vintage cannabis focused venture-capital fund with a complementary and diverse set of 17 portfolio companies, in 2017 as a Principal and member of the investment committee. The Panther team is now managing The Panther Micro Fund which is actively deploying capital into new Cannabis companies. Scott first entered the cannabis space in 2014 when he co-founded the Cannabis Rep Network (merged into Calyx Distribution) to provide sales and distribution for brands in California. Prior to Calyx, Scott co-founded a data driven digital ad agency called Audience Partners in 2007 targeting, addressable audiences for the political and healthcare industries. Scott has a degree from the University of Maryland and began his career in the family jewelry manufacturing business based in Philadelphia. From 1988 to present, Scott has worked for the Philadelphia 76ers, as head statistician for all home games.
Will is an experienced business advisor having worked in the Wealth Management field for over 30 years as a wealth manager and entrepreneur. His expertise lies in working with business owners managing their assets along with providing risk management and succession planning. Prior to coming on board with C-Suite IMPACT, Will’s firm managed corporate assets, pensions, and family office structures. His responsibilities include working in C-Suite’s M&A space focusing on Wealth Management firms and providing business consulting to CEOs and business owners.
Highlights:
- In financial services, built a team approach that provided custom systems for growing client wealth controlling over $500M in assets.
- As a business advisor he built long term relationships, providing growth and eventually a successful transition for companies as large as $125M in value.
- In the alternative funding space, he worked on multiple nontraditional capital raises for cannabis and businesses who cannot access funding from traditional sources.
- Strong depth of knowledge in both finance and business to support clients with intelligent business solutions.
- In the Fee-Based Insurance Consultation business he has successfully provided guidance and cost reduction for multiple companies.
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