Only 27% Of US Cannabis Operators Are Profitable, Reveals Economist
As the cannabis industry braces for possible changes, new research reveals a stark reality: only 27.3% of U.S. cannabis businesses are turning a profit.
Beau Whitney, founder and chief economist at Whitney Economics and upcoming speaker at the Benzinga Cannabis Capital Conference, shared these critical findings in an exclusive interview with Benzinga, offering a candid look at the financial hurdles facing the cannabis market.
Predicting Cannabis Investment Needs
Whitney Economics developed models to accurately predict cannabis demand and the necessary licenses to support this growth.
“Our report aims to forecast how much investment will be required to sustain the industry’s expansion moving forward,” said Whitney. “This type of prediction has never been done before, giving investors a clearer picture of the opportunities ahead.”
These models provide critical data for investors, banks, and policymakers, offering a glimpse into the future financial landscape of the cannabis market. The projections are expected to influence federal policy, …