BGP Advisors is a California-based

boutique business and financial advisory firm*

bringing a new level of professionalism to companies

in the rapidly evolving legal cannabis industry.

* Broker-Dealer services provided by Pickwick Capital Partners, LLC. Member FINRA/SIPC


The cannabis industry is the fastest growing business segment America has seen in decades. With this rapid growth comes tremendous opportunity for well-managed, well-capitalized companies. However, it also is fraught with risks, with some estimating that over 80% of existing cannabis businesses will fail in the next several years.

According to Forbes and ArcView Market Research, legal cannabis sales in North America grew over 30% annually and amounted to $6.7 billion in 2016, with markets in REC states Colorado, Washington and Oregon up by a staggering 62% over the same period. (These figures do not yet include California, the 6th largest economy in the world, which launched its adult use market on Jan. 1, 2018.) The market growth rate for legal cannabis in the US is expected to exceed 20% per year, to $22 billion by 2021. Cannabis becomes legal in Canada this summer, while the adoption of both medical and recreational legalization measures has surged  internationally.

In addition to overall demand growth, the industry landscape is rapidly changing, as state-by-state regulatory structures lead to shifting market opportunities; banking laws and IRS rules present unique challenges; and competition is increasing as new markets and products come online.


To get out front of these challenges, savvy cultivators, manufacturers, software developers, consultants, and dispensaries are calling on strategic and financial help to make the best decisions about where and how to deploy resources, how to sell themselves to customers and investors, when and how to raise capital, and how to create robust marketing, sales and operating strategies to stake their claim and fend off competitors.


Companies that want to win are turning to BGP Advisors. BGP brings decades of best-in-class experience working with some of America’s greatest companies across a variety of high-growth and established sectors to the emerging potential of the cannabis industry. From raising capital for first-movers like Yahoo, Dell Computer and Wired, to creating brand identity and marketing strategies for industry leaders Nike and FAO Schwarz, to developing sales strategies for giants such as Oracle, to working with start-ups in emerging growth sectors, our partners and advisors have the background and experience to ensure your success. 


The window of opportunity won’t be open for long. Many large industrial players remain on the sidelines due to legal, regulatory or optic risks, creating a canopy of opportunity for smaller players to establish themselves prior to full national legalization.

Speed to market, getting to critical mass and raising adequate capital in the short to intermediate term are more important than ever.


BGP Advisors. Let our experience work for you.

Ruth Epstein, Partner

Ruth Epstein has over 20 years’ experience providing financial and strategic advisory services to companies across a wide range of mature and emerging growth industries. Ruth spent ten years at Goldman, Sachs & Co. in New York and San Francisco in the Investment Banking Division working on corporate finance and M&A transactions for high tech and general industry clients. 


Don Jennings, Partner

Don Jennings has over 20 years in sales management for software giants such as Oracle, SAP and JD Edwards, as well as working with a number of successful start ups such as Adaptive Insights. He is a proven enterprise technology sales leader with over two decades of successful experience building and leading top-performing sales teams, developing creative go-to-market strategies and rapidly growing revenue. 

Christopher Smith, Partner

Christopher Smith has 20 years of marketing and communications experience in disruptive industries from technology to sustainability to renewable energy and water recycling, and now the cannabis industry. He began his career working with the Light and Space artist Eric Orr before joining the advertising industry. He became a national ADDY Award® finalist in 6 months, eventually leading to work with Nike, Microsoft, GE Financial, Hewlett Packard, Birkenstock, Oakley, and FAO Schwarz among dozens of others. 

Jeff Garrison, CPA 

Jeff Garrison joins BGP Advisors with 30 years’ experience in accounting and finance including eight years as President and Managing Partner of Los Angeles-based accounting firm Stonefield Josephson, a 200-person firm with six regional offices in California and Hong Kong (now merged with Marcum LLP), and most recently, as President of SIVA Enterprises, a leading cannabis consulting firm.

Latest Articles

Leading cannabis industry investor and analyst Viridian attributes the 65% fall in cannabis M&A deals over the past year to "the weakened state of public companies as stock prices plummeted and companies could no longer write blank checks or use common shares as curren...

Viridian Capital Advisors and Information Management Network are teaming up to host

"The Rise of SPACs in Cannabis and Hemp", a free webinar on June 2 at 2:00 pm EST.

This high-level discussion will feature some of the leading experts on innovative financing strategies...

BGP Advisors' Principal Christopher Smith has written an article for Green Entrepreneur Magazine called "Why The Time Is Right For The Women Of Cannabis Conference" featuring Stacy Thompson, a classic entrepreneur with a big vision. Enjoy!

Kicking off 2019 in a big way, the cannabis industry's most gorgeous monthly publication - MG Magazine - features BGP Advisors' partner Ruth Epstein in a full-page Recommender spot, "Ruth Epstein, Partner at BGP Advisors, Recommends Favorite Cannabis Products...

The American Cannabis Report's David Hodes has penned an article for the American Cannabis Report called "Traditional Investors are Making Their Methods Felt in the Cannabis Industry" about cannabis software company Treez closing $11.5M in Series A financing under the...

From the start, BGP Advisors was envisioned as a platform for experienced professionals to contribute to the structuring and growth of young companies within the nascent cannabis industry.

We are able to jump into the roles of as-needed consultants, all the way to...

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Broker-Dealer services provided by Pickwick Capital Partners, LLC.




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