Sign In   Register

Cannabis and Hemp Industry Investment News

Cannabis Industry Press Releases and News Articles from the best investment journalist in the industry. Stay updated on all cannabis investment news from every online source, on

Growing pains for the Marijuana industry

1 minute reading time (120 words)
Growing pains for the marijuana industry

After years of slow and steady growth, the legal marijuana industry is grappling with a downturn amid surging levels of inflation and the potential for a recession.

A number of plant-handling businesses, dispensaries and the tech companies serving them are retrenching as a result of a more challenging and increasingly competitive operating environment where consumers' discretionary income is shrinking — inflation has risen by 8% in the past 12 months, while groceries are up by roughly 13%.

Spending on legal marijuana has curtailed along with that.

According to New Frontier Data, customer spend per dispensary transaction dropped by 7% on average across all U.S. markets between the first two quarters of this year.

(Originally posted by Cannabis News)


© 420 Intel

Related Posts