Politics

Survey: 37% of US cannabis operators say they’re not profitable

A new study blows any assumption that the U.S. cannabis industry as an easy business to make a profit – with 37% reporting they’re operating without one… but when businesses leave, local economies suffer… Mayberry has seen conditions are very difficult on small growers operating on shoestring budgets… the technologist believes legislation needs to change to make things more profitable for cannabis businesses. For example, lower taxes and fewer rules would be a start.

Legal cannabis business operators, facing what they view as overzealous compliance rules, have coined a new term – “prohibition through legalization.” The study found the illicit and legal markets combined generate $100 billion in national sales. Looking ahead, the legal industry is forecasted to total $45 billion in revenue by 2025 – with 39 states now allowing for medicinal use and 18 opening up to adult, recreation. The industry employs more than 400,000 workers… The survey was of 396 U.S. cannabis operators by the National Cannabis Industry Association.

Original Article (North Bay Business News):
Survey: 37% of US cannabis operators say they’re not profitable
Artwork Fair Use: Sativaindica

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