Of all the challenges associated with entering the cannabis industry, one issue towers above the rest: raising capital, MG Magazine reports. As long as companies are working with a federally illegal plant, investors will remain cautious and entrepreneurs will continue to find creative ways to fund their companies.
A handful of SPACs have completed IPOs on major exchanges in the U.S. and Canada over the past few years, providing a windfall for an industry still struggling to find its legs. While they represent a new opportunity for entrepreneurs, investors, and organizations seeking a chance to become part of a grander plan in the marketplace, it remains to be seen whether SPACs will result in successful companies and how the process will influence future IPOs. Read more.
