Tanya led two sessions at the Cannabis World Congress to educate business owners about industry-specific risk factors to consider when making decisions about investors and partnerships, including tips on how to approach due diligence.
The challenges associated with attracting investment in the cannabis industry mean that many new businesses launch with financing from family and friends. But that doesn't exempt these businesses from the need for good due diligence.
Cannabis businesses that are hoping to expand across state lines should absolutely be aware of the triggering levels for regulatory background checks in different states. Just because an investor is a minority owner doesn’t mean they can avoid regulatory scrutiny.