Ledgers & Law – Roadblocks Facing the Cannabis Industry

The cannabis industry faces numerous challenges given the current federal legislation and regulatory framework, including a lack of service providers, illusory insurance coverage options, and higher risk with fewer protections. Fundraising for cannabis companies can be particularly difficult. Chase Wright, a member of the professional practices group at Cherry Bekaert, discusses several avenues that companies in the cannabis space can take to raise capital for funding and expansion.