This note’s focus is on the future of investing in the growing legalized cannabis industry. In Part II, it will provide a brief history of federal and state regulation of cannabis. Part III will discuss the current role of the federal government in regulating the cannabis industry. Part IV will explore the current avenues of access to capital for the cannabis industry. Lastly, Part V will provide suggestions for the federal government and state governments to reduce investment risk that exists in the cannabis industry.
Adrian A. Ohmer, Investing in Cannabis: Inconsistent Government Regulation and Constraints on Capital, 3 MICH. J. PRIVATE EQUITY & VENTURE CAPITAL L. 97 (2013).