At Canna Law Blog, attorney Hilary Bricken discusses the arrival in California of so-called “Vulture investors:”
“Every cannabis market in which I’ve worked has experienced a period of extensive business failures, consolidations, and market stress. And it’s that time now for California cannabis (and that was already happening before COVID-19 struck)…
“It’s been nearly two years of licensing, and in a strong local control market like California, it’s no surprise that many cannabis companies (of all sizes) are either going under or headed that way…what that means is that enterprising investors experienced with distressed assets have significant opportunities before them.”
????There’s more in this weekend’s stellar issue of WW California.
