Realities for Legal Cannabis Start-ups

Check out this interesting article posted by CNBC discussing the challenges that start-up companies in the legal cannabis industry are having in their attempts to raise capital, and the importance of due diligence in the process. The article identifies the lack of banking and illegality of multi-state transactions as contributing factors to the problems that entrepreneurs and start-ups are facing.

Additionally, the article discusses the involvement of due diligence in the process of raising capital, including that building out due diligence packets is part of the hustle needed for a company to find an investor.

As legal US cannabis sales soar, start-up reality sets in