Laura Bianchi, founding partner at Bianchi & Brandt, pointed out that a scarcity of cash is the primary factor contributing to the reduced M&A efforts within cannabis businesses.

“M&A requires an outlay of cash, so businesses are shifting focus to the things they can do to streamline and be more efficient before they thin themselves out with more expenditures. We’re also seeing the conflation of a multitude of stressors, including bad debt and the slow rollout of state programs that are forcing businesses to focus on what they can do today to set themselves up for better deals in the future.”


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