Team vs. Timing as a Predictor of Startup Success

I don’t love the title of this post. Because, it’s not either/or, as vs. implies. It’s both and more. However, on just about every panel I sit on, invariably, the question comes up, “What is the most important thing you look for when evaluating a company?”   Overwhelmingly panelists answer team. Team is essential for […]

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The Next Wave of Investor Wealth Creation in the Cannabis Industry

Investment in the cannabis industry continues to flow. According to the Viridian Deal Tracker, during the first 19 weeks of 2019, approximately $5.65B in equity and debt capital was invested in both public and private cannabis companies, an increase of +87% over the $3.01B for the same period in 2018. Not surprisingly, Cultivation & Retail […]

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REGULATORY UPDATE – 4/5/19

It’s been a busy few weeks in the cannabis industry with significant developments coming from Washington D.C. A pair of high-powered bills are churning their way through the halls of Congress that could vastly improve things for the cannabis industry. Here’s a look at some of the recent developments in the nation’s capital and what […]

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The Pace of Social Change and What it Means for the Legalization of Cannabis

  One of my favorite slides in my investor deck is titled “The Pace of Social Change” which features a great graphic from Bloomberg, that is pictured above in edited form. While it’s common knowledge that government policy follows public opinion, it’s also often the case that federal laws don’t change until the states themselves […]

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CBD: Still A Restricted Substance

On December 20th the 2019 Farm Bill was signed into law by President Trump, with overwhelming bipartisan support from both the House (386 to 47) and the Senate (87 to 3). This $867 billion bill will provide needed subsidies for American farmers, strengthens the food stamps (SNAP) program, and, most importantly for the cannabis industry, […]

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Conscious Capitalism

In June of 2010, something really extraordinary happened in the world of Philanthropy. Bill Gates and Warren Buffet began recruiting for what is known as “The Giving Pledge.” As many of you know, the giving pledge is a promise made by the wealthiest individuals in the world, mostly billionaires, to give away the majority of […]

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