The Operator Perspective Mitigates Risk

Many of our investors in the Receptive Capital Syndicate are operators. The operator perspective mitigates risk in investing.

The ability to conduct due diligence through the lens of an operator enables the operator to, among other things, ask the tough questions, manage growth expectations and provide the entrepreneur with more useful feedback. That is most likely why operator investors make great advisors! We have been cautious to lead another deal this year. Candidly, we have not seen many new companies that fit our investment strategy and those who did, were still hoping to raise at unrealistic valuations in a historically timid cannabis investing environment.

This is starting to change but It’s still not clear to us if we’ve begun the turn around. We’ve seen signs of life in September following the HHS announcement and more recently with SAFER making its way through committee for the first time. Companies who are positioned well and called off fund raises in 2022 and 2023 are back out again. While attending the Benzinga Cannabis conference in Chicago last week, we noticed a different energy. We would call it “cautious optimism”. Perhaps the greater investor community is starting to take a page from the operator perspective.

Cannabis Banking Myths from Cannabis Banking Expert Peter Su

Cannabis will be everywhere. All industries will touch cannabis. If you work in cannabis in any capacity, you need to surround yourself with experts within specific industries. This allows you to operate and make strategic business decisions based on factual information and accurate data, as opposed to hear-say and myths.

One industry that is most frequently in the limelight as it relates to cannabis is the banking industry. And for banking we turn to Peter Su, who has solidified himself as a cannabis banking expert over years of hustle both in and out of the cannabis industry. Check out the article he penned dispelling the 5 most common myths in cannabis banking via Marijuana Moment.

Myth 1: Cannabis companies can’t get a bank account
Myth 2: Cannabis companies can only bank with credit unions
Myth 3: Cannabis businesses transact in cash only
Myth 4: Cannabis businesses can’t get a loan from a traditional bank or credit union
Myth 5: Banks are making bank off banking bud