EXCLUSIVE: Only 27% Of Cannabis Businesses Are Profitable, Economist Says
The cannabis industry’s financial health and future were at the forefront of conversations during the Benzinga Cannabis Capital Conference. Beau Whitney, founder and chief economist at Whitney Economics, shared his insights on the growing significance of debt financing in the cannabis space and his analysis of the industry’s overall financial health.
Debt Financing: A Growing Focus
Whitney highlighted the increasing reliance on debt as the primary means of financing within the cannabis sector. “There’s a lot of debt versus equity. A lot of debt right now. It’s heavy on the debt side,” he noted, indicating that the trend toward debt-based financing has become more prominent.
Whitney presented during the conference, offering data on how much debt is necessary to finance the cannabis industry through 2035. “This puts a number on the amount of investment opportunity that there is,” Whitney said, emphasizing …