Cannabis Business Planning: Preparing your Business for an Infusion of Investment Capital or Sales Transaction

On May 29, 2019, Governor Polis signed a bill that for the first time allows outside investors to more easily invest in Colorado’s historically “closed off” cannabis industry. Among several changes, Bill HB19-1090 now permits publicly traded companies to hold a Colorado marijuana license and it repeals regulations that cap the number of out-of-state owners/investors to 15 people. With this new legislation in place, many insiders in the industry are gearing up for a refreshed influx of capital into the Colorado cannabis market.