Cannabis Industry In The Red? ‘Mountains Of Debt’ Are Coming Due, Green Market Report Co-Founder Says
Debra Borchardt, the executive editor and co-founder of Green Market Report, offered a frank assessment of the cannabis industry’s debt burden at the Benzinga Cannabis Capital Conference.
As economic challenges continue to mount for cannabis businesses, Borchardt emphasized the importance of managing debt proactively, especially as the legislative landscape evolves.
In her discussion, Borchardt noted that while debt has been relatively easy for cannabis companies to acquire, managing that debt has become a critical issue. “What we’ve seen within the cannabis industry is a lot of companies building up these huge mountains of debt… It’s a little concerning because a lot of that debt they agreed to a couple of years ago is all starting to come due,” she said.
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Industry Shifts
Borchardt highlighted that some cannabis companies are starting to address these challenges. Green Thumb Industries, …