Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Marc D. Hauser of Reed Smith. Marc D. Hauser of Reed Smith.

The past two years have been a whirlwind for cannabis companies looking to raise capital, going from boom, reaching stratospheric heights, to bust, leaving the industry cash-strapped well before the onset of the coronavirus pandemic. This cycle is the direct result of the myriad of federal, state and local regulatory challenges to doing business and attracting investment in the state-legal cannabis industry. (For purposes of this article, “cannabis” does not include industrial hemp (Cannabis Sativa L. with not more than 0.3% THC)—with industrial hemp no longer a federal controlled substance, most of these issues no longer apply).

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Law Firms Mentioned


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.