The cannabis industry is facing a financial reckoning, with $6 billion in debt maturing by the end of 2026.
The top five borrowers account for $3.4 billion of the debt, including major players like Curaleaf, Ayr Wellness, Trulieve, Cresco Labs and Verano Holdings.
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As the clock ticks, the question looms: How will these companies navigate this financial storm to avoid collapse?
A challenged sector
Despite its financial challenges, the cannabis industry remains a significant economic force, generating $32 billion in revenue and employing more than 400,000 people in 2024.
It also contributed $4.4 billion in taxes in states where cannabis is legal.
Because cannabis businesses don’t have access to traditional sources of capital, they are more dependent on debt financing, according to Bloomberg
Read full article on Marijuana Business Daily
