Corporate, Finance & Securities

Corporate Structuring & Operations

After a Pandemic Boost, Cannabis Delivery Companies Look to Maintain Momentum

June 21, 2021Media Mention
Los Angeles Business Journal

Corporate and Cannabis Counsel, Michelle Mabugat, provided commentary to Los Angeles Business Journal regarding the increased popularity of cannabis delivery services during the stay-at-home orders. Mabugat said the ease of delivery has increased the appeal for many consumers. In the coming years, she expects that many businesses will consolidate to prepare for the possibility of federal legalization.

Excerpts: 

"L.A. is the biggest (cannabis) market in California, if not the world," said Michelle Mabugat, a corporate and transactional attorney who is focused on the cannabis industry at Century-City based law firm Greenberg Glusker Fields Claman & Machtinger. 

"More and more people just want the convenience of cannabis products being delivered straight to the home as opposed to having the experience of going out and buying in person," she said.

"One issue faced by many cannabis-related businesses based in California is obtaining adult-use licenses to sell," Mabugat said.

"The infusion of cash is exactly what (the Department of Cannabis Regulation) needs to help it run the L.A. cannabis program the way it should."

Read the full article here

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