Scot Crow (Member and General Corporate, M&A and Private Equity Practice Group Chair, Columbus) recently spoke with Smart Business Dealmakers for an article titled “Investing in Ohio’s Medical Marijuana Industry,” discussing the state’s slowly growing market. Scot believes many medical marijuana businesses didn’t understand the amount of capital required to get them through the growth phase, especially in a market that’s trying to catch up.
“For example, in Ohio, dispensaries came online, cultivation came online, but the patient base is nowhere where it needs to be for all those businesses that exist,” Scot told the publication. “You have to have capital on the sidelines, enough to keep you afloat and cover your overhead until you get into the black.”
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