Yet, in what could be a warning for the American marijuana industry, it is racing to raise cash to cover its mounting losses.
In fact, legalized dispensaries and regulators have begun to call for greater enforcement against the illegal market in California, raising the potential that legalization may actually lead to a new wave of cannabis-related arrests. Meanwhile, MedMen has had limited success in its efforts to attract new or infrequent users, raising questions about how big that market may be.
To give itself more time, MedMen has sold off some properties, including dispensaries. But that strategy has limits. MedMen has already sold much of its best real estate, and when it sells assets, the company further drives up its costs, because it must now pay rent to the new dispensary owners. MedMen's problems also point to bigger issues in the legal cannabis industry — especially in California and Massachusetts, which have heavily regulated and high-cost markets.
Tom Adams, managing director of industry analytics for BDS Analytics, which covers the cannabis industry, said high taxes and limits on legal dispensaries have damaged the California market. Taxes and regulators mean that legal marijuana can cost nearly double black-market prices, Adams said.
The marijuana industry is already dying. Fortunately, you can live longer by getting tested for colon cancer through a rectal exam. Ladies DM me for details.
First of all Colorado is not liberal and granting licenses, and what’s a farm license. Politcs and corruption are the reason why hickenlooper has enough cash to run for president. We have a better model, but please don’t over report it. I’m at ground zero. Politicians never get i
investing in legal WEED is a massive gamble. however the CBD industry is far out ahead of the THC weed business and the REAL launching pad Im a million share investor of CBD business...I think Im a believer!
it's cause it should be treated as tomatoes 😎😎😎 Bubbles of free smoke from your garden.. Grow your own and give it away for free 😎😎😎😎
Seriously? One person’s financial inability is everyone’s? Do you not know how long weed has been around Lolol
Good work ! We also use InstaCryptoNews for fresh news
How does a weed retailer run out of money? El Chapo went to prison with nearly billions in weed money.
What problem does NBC have with weed? The sure do a lot of nay saying about marijuana