There is little doubt as to the long-term outlook for the cannabis industry: It appears bright. State legalization continues to expand, attitudes shift in its favor, and mainstream advisers have no difficulty representing clients in this new market. The question is which cannabis companies will survive the market volatility, and which advisers they’ll take with them.
How Bad Is Bad?
It’s bad. Less than $300 million in global M&A deals and investments involving cannabis entities have been announced in 2020 so far. This is just a fraction of the $7.4 billion in global cannabis deals that were announced last year. ...
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