Oregon’s recent passage of Measure 91, which legalized recreational use of marijuana in the state, emphasizes the growing opportunities for businesses of all kinds. Expect to see retail shops open in the state soon after recreational use becomes legal this July.
Canna-do: “Measure 91 is a ‘business-friendly piece of legislation,’” attorney Hilary Bricken told a full house at the recent Oregon Marijuana Seminar. “However, being a start-up is difficult, and being a start-up in the canna industry is extremely difficult,” she advised. It is imperative to have an accountant and lawyer to be serious in this business.
And, as with other businesses, there is real money to fight over when the owners divorce a spouse, dispute a partnership agreement, gift shares, or sell the enterprise. In terms of valuation, it can be particularly challenging in this industry, which has a short history, a high level of risk, high volatility, and a complex, quickly evolving regulatory structure. These issues—and more—are covered in a recent BVR special report, Marijuana Dispensaries: A Budding Industry Brings Opportunities and Challenges for Business Appraisers.
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