On June 25th 2019, Illinois became the 11th state, along with the District of Columbia, to legalize adult-use cannabis, and the first to do so by the legislative process. This followed a long month of anticipation after the Democrat-controlled House of Representatives passed the measure 66-47 in late May, and it was sent over to the desk of Gov. J.B. Pritzker.
Last week, news came out that Canopy Growth might be acquiring Acerage Holdings for $3.4B - a big number when you consider that the entire global industry is worth about $18B. But this landmark announcement has some caveats. Here’s our breakdown of the deal:
When taking on venture capital, your job as an entrepreneur is to build a company that can return that capital (and then some) to investors. Sure, there are a lot of other responsibilities that come with building a startup, but this is a big one. And it shouldn’t be taken lightly. But, how does an entrepreneur go about that?
Getting a new company started is a large undertaking and most startups don’t even make it. So, when getting your young business off the ground, anything you can do as founder to give your company an advantage should be taken.
As an investor in the cannabis industry, we often get asked by entrepreneurs what they can do to stand out in the industry. So, we’ve put together a short list of things investors look for when evaluating deals.