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Should Cannabis Operators Prepare for Federalization in 2023? Not so fast…

February 8, 2023
Dave McManus
Accounting, Banking, Finance & Real Estate, Multiple State Operators
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The Administration took bold steps last year that signaled an openness to federalizing cannabis. Plenty of speculation has followed, and it seems clear that the federal market could open soon. My perspective is that 2023 is not the year, and…

New states, new markets: financial modeling for MSOs

Becoming a multi-state operator (MSO) in the cannabis industry requires planning and adapting to regional nuances unlike almost any other business. Financial modeling is a crucial step to understanding what lies ahead, and operators have myriad state-specific factors to consider…

Is There Light at the End of the Tunnel for CA Operators?

Many California cannabis entrepreneurs would like to forget 2021. The second half price implosion of flower combined with an unexpected dip in the market’s growth trajectory left even the most resolute of CA’s participants questioning their future. The driver behind…

Cannabis M&A: Common Closing Conditions

by Griffen Thorne, Attorney @ Harris Bricken Most business purchase transactions we see in the cannabis space are structured to have a concept of “closing”, which I’ve described before here. Essentially, this means that the parties sign, there is some…

Cannabis M&A and Real Estate Transactions: What is a Closing?

By Griffin Thorne, Attorney at Harris Bricken Virtually any time that there are transactions involving cannabis company mergers, cannabis company acquisitions, or cannabis real estate sales, and in many cases involving the sale of assets of a cannabis company, the…

Top 5 Steps to Take Before Obtaining a Cannabis License in a Newly Legal State

By Henry Baskerville In November 2020, voters in five states passed legislation allowing some form of marijuana sales, joining the rising tide of cannabis legalization sweeping the nation. However, because cannabis is still classified as a Schedule 1 drug under…

Cannabis And Coronavirus: What Your Business Should Do Right Now

By Vince Sliwoski, Attorney at Harris Bricken Add “global pandemic” to the list of challenges faced by the sputtering cannabis industry. The coronavirus COVID-19 is tearing across the U.S. economy. Businesses everywhere are making very difficult decisions. In many cases,…

The Cannabis Market’s Growing Need for Trade Credit Data

Along with the rapid growth of legalization is the rapid growth of the industry’s economic status. For decades, conversations have surfaced surrounding the positive impact that the cannabis industry could have on our country’s economy; fixing taxes, reducing crime, etc..…