On Friday, June 10th from 1-1:50 PM, our Senior Manager, Tetyana Guguchkina, is speaking about R&D Tax Credit for the Cannabis industry at this year’s NECANN Illinois. Joining her are Robert VanDeVeire and Kyle Ernsberger from our Midwest office. NECANN Illinois is taking place from June 10th to June 11th at the McCormick Place Lakeside Center, Illinois.
About NECANN Illinois
NECANN Illinois is the only convention focused exclusively on the Illinois market! With the approval of the Illinois Cannabis Regulation and Tax Act in 2019, Illinois became the first state in the U.S. to legalize recreational marijuana sales through legislation rather than voter initiatives. Illinois is estimated to produce between $2 and $4 billion in annual income from recreational sales if it reaches full maturity. Illinois will also expunge an estimated 700,000 marijuana-related police records and court convictions in a staged manner expected to be finished by 2025, making it the first state in the country to do so. Since legalization, Illinois has seen an average monthly revenue of over 100 million from recreational cannabis sales. Chicago hosts an impressive 44 cannabis dispensaries as of 2021. NECANN is amped to help bring some of the best in the industry together in one place in the windy city.
About KBKG’s Midwest Team
At KBKG, we are passionate about helping business owners and accounting professionals across the Midwest region. Our value-added tax services include Cost Segregation, Research & Development Credits, Green Building Tax Incentives (179D & 45L), Transfer Pricing, IC-DISC, and more.
Questions about tax-saving strategies? Contact us today for a free benefit estimate. We’re happy to help.