John V. Pellitteri, CPA and Partner at Grassi will host “Cannabis ESOPs” – a virtual panel discussion featuring Hannah King, a Partner with the cannabis law group at Dentons, and Darren Gleeman, Managing Partner of MBO Ventures and Mark Loyd, Partner and Co-lead of the Tax practice at Dentons. 

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. 

Cohosted with:

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:

• 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
• Mark Loyd, Partner and Co-lead of the national Tax practice at Dentons
• Moderated by John Pellitteri, CPA, and Partner, Grassi