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.

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