Founding Partner Marc J. Ross, Esq. Quoted Regarding Cannabis SPACs Post U.S. Presidential Elections
Press Release – New York, NY – November 23 2020 – Sichenzia Ross Ference LLP founding partner Marc J. Ross, Esq. was recently quoted in an article titled “Election Brings Questions for Cannabis SPACs.” The article discusses what lies ahead for cannabis companies after the recent United States presidential election, in general, and the prospects for acquisition opportunities (SPACs) in the cannabis industry, in particular. Now that the Biden-Harris ticket has won, and Joe Biden will occupy the White House, Ross expects better days for the cannabis industry, where the ‘early movers’ often encountered obstacle after obstacle as a result of the hostile federal environment.
As Marc stated in the article, “It’s part of the ‘first mover disadvantage,’ those who ran ahead sponsoring SPACs and hit a headwind in terms of high valuations that have now come down.”
Please read the full article here and pass it forward to anyone who may be interested in the topic. If you have any questions, or would like to discuss, please contact Marc J. Ross, Esq. at firstname.lastname@example.org or (212) 398-5541.