Day: July 9, 2019 (Page 3)

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Since most businesses are purchased as a multiple of earnings (expressed as earnings before interest, taxes, depreciation and amortization, or EBITDA), the seller has substantial motivation to get those earnings as high as possible before putting the company up for sale. This focus on earnings is a normal function ofContinue Reading

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Stick around the cannabis industry long enough and you’ll hear someone say “states are the laboratories of democracy.” It’s an idea that was first published by U.S. Supreme Court Justice Louis Brandeis in 1932, when Brandeis wrote that states have the ability to “try novel social and economic experiments withoutContinue Reading