From High Stakes to High Investments: Navigating Cannabis Law with Jennifer Fisher

Join us for the latest episode of Proud to Work in Cannabis, featuring Jennifer Fisher, co-chair of the cannabis practice at Goodwin and Vangst's personal lawyer. In this insightful discussion, Jenn and Vangst CEO & Founder, Karson Humiston, delve into the nuances of navigating cannabis law and fundraising in the cannabis industry. Whether you're an entrepreneur with a budding cannabis business or a professional looking for valuable advice, this episode is packed with tangible tips that you won't want to miss.

Insider Look at Raising Capital in the Cannabis Industry

Raising capital in the cannabis industry can be challenging, especially in today's economic climate with rising inflation and interest rates. Jenn shares best practices for companies at all stages who are seeking to raise capital, emphasizing the importance of having a clear vision for the future of your business. She highlights the need to articulate how your business fits into the industry and why it fills a unique need. From a diligence perspective, Jenn advises new cannabis companies to ensure their corporate documents are clean and straightforward, their finances are in order, and all business contracts are properly documented. She also emphasizes the importance of staying up-to-date with government documents, licenses, and approvals for plant-touching companies.

Advice for Being Prepared for Opportunities

Even if you're not actively raising capital, Jenn advises cannabis companies to focus on business fundamentals, carefully consider their position in the industry, and identify areas where they can create new efficiencies. Developing customer loyalty and honing in on what your business does well are also crucial. Being prepared for opportunities, even when they may not be immediate, can position your business for success in the ever-evolving cannabis landscape.

Having the Tough Conversations

In addition to her legal expertise, Jennifer shares her passion for social justice in the cannabis industry. She discusses the tough conversations she has with her three young daughters about her pro-bono work with individuals who have been sentenced for non-violent drug-related cannabis crimes. She shares the inspiring story of a man she worked with who was released during Covid due to the efforts of her team with the Last Prisoner Project. Jennifer highlights the importance of continuing the fight for individuals still behind bars as a result of cannabis charges, while others profit from the regulated industry.

Proud to Work in Cannabis

Overall, this episode of Proud to Work in Cannabis is filled with insider insights, tangible advice, and a deep love for the cannabis industry. We are proud to work alongside professionals like Jennifer Fisher, who actively advocate for positive change in the cannabis industry. Don't miss this opportunity to learn from her expertise and passion. Tune in to the full episode now.