Title: Marijuana Fundraising In California: What’s In Your PPM? These are the cannabis risk factors that should be present in every California PPM to avoid anti-fraud issues.
Author: Above The Law – Hilary Bricken
Date: 13 November 2017
Extract: Many of our California clients that are raising money ask us to draft or review private placement memorandums (“PPMs“) for private securities offerings in their cannabis companies and/or ancillary cannabis companies. As you would expect, investment in California cannabis businesses is at an all-time high thanks to the Medicinal and Adult Use Cannabis Regulation and Safety Act, (MAUCRSA) which will change the face of the industry in the Golden State.