Education

Raising Capital For A Cannabis Business

Tune in to this episode to learn more about raising capital for a cannabis business with Cliff Whatmore and Sumit Mehta from NCIA’s Banking and Financial Services Committee.

Sumit is a cannabis strategist, an internationally recognized speaker, and the author of the MAZAKALI GreenPaper, an authoritative voice on deep industry trends in its sixth year of publication with over 70,000 readers. In addition to his role at MAZAKALI, Sumit serves on several cannabis company boards and is the Chair of the NCIA’s Banking and Financial Services committee.

Cliff Whatmore is the President of MAB Investments, AND Evolv Capital Partners Where he applies the rules of Behavioral Finance and Economics to develop novel investment strategies, and Wealth Governance Solutions. Cliff started early-stage investing in biotechs, and CPG companies; before focusing on the cannabis space in 2014. He has submitted studies on Private companies’ valuations using Behavioral pricing models. He has several successful exits over $500,000,000.00 and taken companies to the public markets. He has a strong background in food science including launching a Nutraceutical MATCHA +, a sports beverage, and is a member of the Institute of Food Technology and the Research Chefs Association.

Both are Members of NCIA’s Banking and Financial Services Committee. So being on the Banking and Finance Committee, their group is taking on various issues ranging from raising capital for your business to the SAFE Banking Act at the federal level. We start with the topic of raising capital for a cannabis business, which is still federally illegal. We walk everyone through the process here starting from having the brilliant idea while brushing your teeth to having a full-fledged business, essentially how we get from A to Z.