The cannabis industry has had its fair share of trials and tribulations over the past few years. Following the recent the Department of Health and Human Services's (HHS) recommendation regarding marijauna rescheduling and legislative develipment related to SAFER Banking Act, one cannot help but wonder, what's next for the businesses in the space?
"I think all of us as practitioners or participants in this industry have to stop mystifying, you know, creating this mystery about cannabis because it's a true business." That's according to Scott Moskol, partner and co-chair of Burns & Levinson's Financial Restructuring & Distressed Transactions and Cannabis Business & Law Advisory practices, who joined the Benzinga Cannabis Capital Conference last month in Chicago to talk about the current capital markets, how investors and companies stand today and whether there is a light at the end of the tunnel.
Everything from drooping wholesale prices to employment in the industry and investment that follows suit to public MSOs consolidating their ...