As much as $3 billion in debt will come due for major U.S. cannabis operators by the end of 2026, a “wave” of maturities that could portend a significant shake-up in the regulated industry.
Most analysts contend that companies have enough time to craft solutions to refinance their debt on favorable terms.
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However, some factors not under the industry’s control – such as major federal or state reforms that could open new markets and ease operations for existing companies, or a total lack thereof – will also determine whether companies are forced to sell assets, disappear entirely or cede more control to their lenders, observers told MJBizDaily.
“It paints a concerning picture,” said Jesse Redmond, a California-based analyst and head of cannabis at
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