You might not be able to easily see how the Russian invasion of Ukraine has had a direct effect on the U.S. Cannabis industry. Still, Liz Geisleman, co-founder of Canna Consortium, a group of 16 ancillary businesses that cater to plant-touching marijuana businesses, can see it.
“The two big pain points are going to be the solvents, the extraction piece, the consumables on that side, and packaging because everyone wants a specialized brand. If (marijuana businesses are) using any kind of solvent, all of that is going to skyrocket in the next month or two, because it hasn’t hit the refineries yet,” Geisleman said.
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