In this episode of Under the Microscope, host Jenny Germano discusses asset-light, market-ready expansion for cannabis operators with guest Xavier Jaillet, an Associate Attorney at McDonald Hopkins Law Firm. Jenny and Xavier explore various models for expanding cannabis brands into new markets, including license acquisition, business purchases, and licensing agreements. They dive deep into the benefits and challenges of partnering with existing operators, emphasizing the importance of due diligence, written agreements, and clear communication. The discussion aims to help cannabis operators navigate expansion strategies effectively while mitigating risks.
🌿 Our Host: Jenny Germano 🌎 https://www.icsconsultingservice.com
🌿 Our Guest: Xavier Jaillet, Associate Attorney 🌎 Xavier on LI: https://www.linkedin.com/in/xjaillet
🌎 McDonald Hopkins Law Firm: https://www.mcdonaldhopkins.com
🌿Xavier is also the Chair Colorado Chapter and Secretary of The Board for The Cannabis Chamber of Commerce: https://www.thecannabischamber.com
⏰ Timecodes ⏰
01:33 Xavier's Journey in the Cannabis Industry 05:38 Challenges and Opportunities in Cannabis Expansion 08:35 Three Models for State License Products 15:47 Expansion by Licensing Agreements 22:09 The Realities of Partner Selection 27:03 Navigating State Regulations 27:42 Understanding Royalty Percentages and White Labeling 30:41 Vetting Potential Partners 38:51 Pitfalls and Written Agreements 41:41 Allocating Liability and Economic Terms 45:28 Starting Low and Going Slow in Business 48:40 Final Thoughts & Wrap Up
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