Cannabis operators raising money: Get ready for due diligence

As a corporate lawyer that has worked with several cannabis companies, Sander Zagzebski has some simple advice for operators looking to raise money: Get your house in order and get ready for a due diligence process.

A partner at law firm Greenspoon Marder, Zagzebski says more investors with institutional backgrounds are entering the cannabis space. They increasingly have a Wall Street or Silicon Valley background, and with that comes an expectation that cannabis companies are ready for scrutiny.

If you're a cannabis company looking to raise money, ensuring your company has fixed legacy problems and has proper documentation is of paramount importance to ensure investors will move confidently, and quickly.

If you want insights on the legal U.S. cannabis industry, financing for cannabis companies and more, sign up for Tidal Royalty’s bi-weekly newsletter.

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