Pitchbook recently released its 2018 results for cannabis related investments, and the data is impressive: 139 deals scooped up a whopping $881 million. Those numbers are up over the prior year by 26 percent (number of transactions) and 120 percent (total amount invested), reflecting larger average deal sizes. Leading the way, Privateer Holdings closed
Investing
The US Cannabis Market: New Promise, Persistent Constraints
By Lewis M. Horowitz on
Posted in Investing, Regulatory
Justin Hobson made a guest appearance on episode #6 of CFN Insider’s “Profit From Cannabis” podcast. The episode, entitled “The US Cannabis Marker: New Promise, Persistent Constraints,” covers:
- The FDA’s approval of GW Pharma’s Epidiolex,
- Impact of rescheduling cannabis and DEA’s rescheduling possibilities (isolate vs. cannabis plant),
- Resulting investment plays (cannabinoid drug developers, hemp extracts),
…
Forget Limes: Corona With WEED Is in the Pipeline
By Justin E. Hobson on
Posted in Investing, Regulatory
Constellation Brands Inc. — the company behind Corona beer — will invest nearly $200 million for a 9.9 percent stake in Canopy Growth Corporation, a publicly traded Canadian cannabis company, plus the right to acquire a greater ownership interest over the next 30 months. In addition to the Corona brand, Constellation sells a variety of…
Mind the Gap: Connecting CannaBusinesses and Investors
By Lewis M. Horowitz on
Lane Powell supports the Cannabis Investor Network (CIN) in Seattle. The mission of CIN is to connect accredited investors with state-legal cannabis businesses that need additional capital. Lane Powell hosted the inaugural event in our Seattle office earlier this year with about 40 guests, and hosted the second event last night with about twice that…
High Stakes: Investing in a Legal Marijuana Business
By Brian B. DeFoe & Guest Author on
Posted in Investing
Considering diversifying with a high-risk investment? Heard the lure of the “green rush” toward a possible $100 billion legal marijuana industry?
Before you write that check:
- First, research the company, related persons, and the business, industry and legal risks.
- Next, if you decide to make the leap, consider having legal counsel assist you in documenting your equity position.
Pressing escape or reboot can be difficult, after you have already signed documents. If you’re investing in a partnership or limited liability company, state law imposes default rules, unless you have an agreement modifying them. If the business — or you — fail to comply with the state’s rules on ownership and investors, the state regulator may impose penalties including cancellation or suspension of license and fines.Continue Reading High Stakes: Investing in a Legal Marijuana Business