Cannabis Sector Update - Andrew Lines

Oct 5, 2023

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In this episode we discuss...

State of the Cannabis Market:

-The cannabis market has been sluggish for years but is now showing signs of life.

-There's a move to reclassify cannabis from a schedule one to a schedule three drug.

Valuation of Cannabis Companies:

-There's been a reduction in license value, affecting potential lender confidence.

-Operational efficiency, handling of operating expenses, and debt are vital for company valuation.

Challenges and Learnings in the Cannabis Industry:

-There's a lack of national branding in the cannabis industry.

-The industry is facing challenges from the black market and potential changes in federal regulation.

-Companies need to avoid expanding too quickly and focus on product quality and consistency.

The Future of the Cannabis Industry:

-New and exciting products are emerging, offering different consumption methods.

-The push for better regulation and consistent quality products is vital for the industry's growth.

Disclaimer:

Alt Funds Network LLC and and its affiliates, episode guests, and the companies they represent do not provide tax, legal or accounting or investment advice. This material has been prepared for informational and educational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal, accounting, and investment professionals before engaging in any transaction or making any financial or legal decision based on your specific situation.