In an article for Cannabis Business Executive, Foster Garvey principal Emily Gant details the critical steps cannabis entrepreneurs and business leaders need to consider before their exit.
“Since Washington state started to legalize recreational cannabis, I’ve been advising entrepreneurs and established businesspeople who took a chance on this industry,” she writes. “After nearly 10 years, some owners see themselves facing a decision – set up another round of financing to expand to the next level or put the company on the market and let someone else try their luck in the dynamic world of cannabis.”
Gant, however, warns that a big payday requires cannabis businesses are set up for success from the outset. Her article outlines five steps – from figuring out who owns your company and who can sell it to watching out for government pitfalls – to take before putting out the For Sale sign.
As you consider your next move in the cannabis industry, read the full article from Gant on the Cannabis Business Executive website.