As investors pour billions of dollars into the global cannabis industry, the practice of due diligence is crucial to reduce risk and increase transparency. Our CFO and Co-founder, Melissa Diaz, recently shared her expertise on the topic at MJBizConINTL’s Global Investing PreCon in Toronto.
As pro-cannabis legislation sweeps the United States and Canada, investors are taking notice. To be successful in a cross-border or U.S. venture, a crash course in due diligence and audit readiness is essential. Ignorance, especially in this case, can quickly shutter doors. To help eager investors, Melissa discussed the following:
- Critical aspects of the due diligence process when establishing new cultivations
- Maintaining audit-ready operations
- Fundamental business systems for cannabis companies, specifically
- Common missteps when establishing legal and tax structures
Learn more about due diligence assistance and other accounting services.