The AICPA & CIMA Cannabis Industry Conference starts Aug. 12 in Aurora, Colo. Rachel Gillette will be one of the event’s front-and-center speakers and moderators.

Gillette joined the Journal of Accountancy podcast recently to discuss some of the trends and issues affecting the industry from a legal and regulatory perspective. Gillette, a Denver-based attorney, also explained how she ended up in this niche practice area.

What you’ll learn from this episode:

· Background on the proposed rescheduling of cannabis and why it matters for the industry and for accountants who advise cannabis businesses.

· Gillette’s opinion of what might happen with cannabis-related legislation.

· Why potential cannabis rescheduling could mean that certain businesses are no longer subject to Sec. 280E.

· How the potential changes could affect CPAs.

· What Gillette looks forward to about the AICPA & CIMA Cannabis Industry Conference.

· How a decision more than 15 years ago led Gillette to her current area of legal practice.

What is cannabis rescheduling? And how might it affect CPAs?