Business Law / General Counsel / Business Transactions
The legalization of marijuana is more than just a political or philosophical
achievement - it is an opportunity to make money. Most operators in the
industry recognize marijuana’s financial upside and choose to conduct
their operations as they would any mainstream business. While some marijuana
businesses lack the sophistication typically associated with more-established
and legalized vocations, many marijuana enterprises throughout the country
operate with an extremely high level of business savvy.
Significant financial, regulatory, and legal hurdles facing the marijuana
industry require the knowledge and expertise of seasoned business professionals
to survive. The business of marijuana attracts millions of dollars annually
in private loans and investment capital from highly-sophisticated investors.
Capital infusions are critical to the success of many marijuana operations,
and lenders/investors are not likely to invest in a business that is not
To be successful, marijuana businesses must assemble a quality professional
team, be prepared to react to changes in the industry, ensure compliance
on all state and federal tax and securities related fronts, and maximize
access to funding.