Inside the long wait for federal cannabis legalization - Jacksonville Business Journal

ntourage Effect Capital has $200 million invested in cannabis-related businesses and is looking to deploy more. Founded in 2014, the Dallas-based private equity firm’s approach has evolved with the industry, but the larger play remains simple.

While more states are embracing medical or recreational use, mature markets are in the doldrums after a pandemic boom. Price deflation is rampant. Small and midsize companies are struggling without standard banking services such as lines of credit and payroll management services. An onerous federal tax code forbids typical write-offs.

“Our whole drive is to survive, to see if we can get to a better place with the federal situation,” he added. “But the harsh reality is it’s not going to be as soon as we thought.”Next month will mark 10 years since Colorado and Washington voters approved ballot initiatives that legalized cannabis for recreational use.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big projects, big moves mark 2022 for Jacksonville Port Authority - Jacksonville Business JournalWhile finally getting deeper water in the shipping channel was a highlight of the year, other big moves also shaped the maritime landscape.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Big projects, big moves mark 2022 for Jacksonville Port Authority - Jacksonville Business JournalWhile finally getting deeper water in the shipping channel was a highlight of the year, other big moves also shaped the maritime landscape.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Jacksonville University extends President Tim Cost's contract through 2027 - Jacksonville Business JournalCost has helped the university grow, adding a law school and a medical school.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

New Jacksonville Tractor Supply Company store to open this week - Jacksonville Business JournalNew Jacksonville Tractor Supply Company store to open this week
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Florida Senate passes property insurance overhaul - Jacksonville Business JournalThe bill passed on party lines after several amendments proposed by Democrats were rejected.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

'Little' Venardos Circus finds a home on First Coast - Jacksonville Business JournalHow St. Johns county paved the path to success for 'The Little Circus That Could.' I miss the circus and all the performers. Even the animals. I am a Native Floridian.
Source: JaxBizJournal - 🏆 599. / 51 Read more »