Key Takeaways: Cannabis Industry Insights
“Risks and Opportunities”
The illicit market remains a major challenge.
Limited license states are an attractive investment due to the scarcity of licenses.
Federal Legalization is key, but it’s complicated and not likely in the near term.
Vertical integration might not be the best long-term strategy.
Patience is key for long-term success because navigating the complexities will take time.
The panelists featured were Warren Bunch, a co-founder of CannaSpyGlass; Greg Chin, a Transaction Advisory Services Partner at CohnReznick; and Mark Sims, a Managing Principal at Morningside Group and former President and CEO of RIV Capital.
Warren Bunch is a co-founder of CannaSpyGlass, a data-driven platform revolutionizing the cannabis market with a pioneering vision. CannaSpyGlass aims to make accessing quality cannabis market data simple for the betterment of the industry, catering to Sales and marketing professionals, Multi-State Operators, and Fund Managers.
Before co-founding CannaSpyGlass, Warren served as an owner-operator of various cannabis entities in the south and southwest, as well as servicing as an investment manager of Chesapeake's Energy Investment vehicle. Those experiences have made CannaSpyGlass the go-to solution for accessing crucial cannabis market data, driving growth and success across the industry, and serving as the foundation for growth and M&A teams.
Greg Chin is a partner with CohnReznick Transaction Advisory Services Practice, bringing over 30 years of experience. Greg has provided a combination of buy-side and sell-side transaction advisory services for over 100+ transactions in the cannabis industry, working with various public, private, SPAC, and vehicles.
Greg is a prominent panelist and moderator at national cannabis industry conferences such as Benzinga Cannabis, NECANN, and MJBizCon. Greg has established himself as a thought leader in the field, sharing his insights and expertise with industry professionals nationwide.
Mark Sims has a proven track record in business strategy and advisory services. He previously served as President and CEO of RIV Capital, a cannabis acquisition and investment firm focused on delivering a premium retail and product experience. Before his time at RIV, Mark was Senior Vice President of Strategy and M&A at The Scotts Miracle-Gro Company. He currently serves as Managing Principal at Morningside Group, a business consulting firm that works with private equity funds and private business owners to define and execute their M&A, growth, and exit strategies.
If you’d like to understand more, contact us. We will answer your questions or connect you with one of the panelists who can.
Executive Briefing Series
The Executive Briefing Series was created for C-Level Executives and Investors to share emerging topics of interest. The platform facilitates the exchange of diverse ideas and perspectives and offers a unique opportunity for individuals to connect, collaborate, and learn from one another. Learn more about Lewis Manning at LewisManning.com