OUR TAKE

News & Views of the Cannabis Industry

The Cannabis Year in Review

Well, another year for the cannabis industry is in the record books. Here are what we believe were the six most noteworthy developments over the past year:

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Ten Lessons from MJBizCon

Freshly back from Las Vegas, here are ten things I learned last week at MJ BizCon.
1. Don’t sing the stock market blues. Yes, cannabis valuations among the publicly traded companies got hammered in 2019, with a downstream spillover effect on private deals, and the IPO pipeline heading into 2020 looks sparse.

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Smoke ‘Em If You Got ‘Em

According to a recent story in the Seattle Times, there are now three cities in the US where cannabis usage among adults exceeds that of cigarettes: San Francisco, Portland and Seattle.

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OK, Boomer

Most IPOs are of young, fast growing companies. As such, going public demonstrates a meaningful milestone in the development of a business and prospects of even greater future success. The business equivalent, if you will, of a Bar Mitzvah.

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Rise of the Phoenix

The Phoenix is a mythical bird which rises from its own ashes. Industry cycles bear some resemblance to this legendary avian.

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It’s Déjà Vu All Over Again

It would not be much of an overstatement to observe that tech is probably the biggest thing to happen in my lifetime. As evidence, I am currently typing this on a laptop computer, connected by a wireless network to a broadband network,

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Get a Dog

There is an old saying on Wall Street: if you want a friend, get a dog. Cannabis entrepreneurs would be wise to remind themselves of this truism as they seek to raise money.

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Valuation: Part Art, Part Science

To build a meaningful cannabis business requires growth capital. A startup needs to convince investors they have a viable plan in order to raise money. But that’s only half the challenge. They also have to represent good value for investors.

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What’s in a Name?

We live in a world of ever-changing brands. The “in” alcoholic drink this past summer was White Claw. If you work in tech, the hot new shoe everyone in Silicon Valley is wearing is Allbirds. And email is passé: why aren’t you on Slack?

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