News: In the News

Higher Law: Valuation Vexation 

Cannabis Attorney Quoted in Higher Law

By: Cheryl Miller, Law.com

 

Mergers and acquisitions may be a growing sector of marijuana law work, but how do you derive an accurate price tag for a business that trades in a federally illegal product, attracts a lot of scrutiny from the IRS, and has few historical benchmarks? Industry lawyers and analysts tried to answer that question this week on a program put together by Expert Webcast.

“There is really a tremendous exaggeration of the potential of the market in light of the fact that all of these legal policies and regulatory issues create inefficiencies that are almost unprecedented in any other industry,” said Offit Kurman Attorney. "So we haven’t achieved the economy of scale necessary for even disrupting the industry. We do not have any standardization.”

 

“People, I think are often unaware of how many known unknowns are significantly impacting what investors are actually hearing. It’s a green gold rush now but you should have been in this industry five years ago and gotten an actual understanding first hand.”

Click here to read the full article.

 

ABOUT OFFIT KURMAN

Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 170 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our eleven offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.

You can connect with Offit Kurman via our Blog, Facebook, Twitter, Google+, YouTube, and LinkedIn pages. You can also sign up to receive Law Matters, Offit Kurman’s monthly newsletter covering a diverse selection of legal and corporate thought leadership content.

MARYLAND | PENNSYLVANIA | VIRGINIA| NEW JERSEY | NEW YORK | DELAWARE | WASHINGTON, DC