Why Are So Many Cannabis Businesses Losing Money Hand Over Fist?

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Summary

You’d have to think about where you can keep your money, which has also become a huge security issue for cannabis businesses. According to New Frontier Data, the United States cannabis industry is poised to be worth a staggering $30 billion each year by 2025. Well, the hard truth is that while cannabis businesses surely can bring in the dough, it won’t be easy. In addition, data from Vangst shows that the legal cannabis industry employs over 420,000 people as of January 2022. Any cannabis business owner, big or small, can also tell you that it’s near impossible to open a bank account.

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Despite all the hardships that come with being in the cannabis business, it hasn’t stopped many from starting their own with the hopes that one day soon, cannabis will finally be federally legal.

This article originally appeared on Cannabis.net and has been reposted with permission.

According to New Frontier Data, the United States cannabis industry is poised to be...

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