Financing challenges are at the top of a long list of growing pains cannabis companies are facing.
Despite more than three-quarters of the U.S. population now living in a state that has legalized some form of marijuana, it remains a Schedule 1 controlled substance at the federal level – creating both financial and operational hurdles for law-abiding operators in the ever-expanding cannabis landscape.
In Colorado alone, the economic impact from the passing of Amendment 64 (which legalized recreational marijuana in the state) is staggering – creating jobs and increasing both tourism and tax revenue.
According to data from the state’s Marijuana Enforcement Division, Colorado employed at least 42,000 workers in the cannabis industry as of December 2021.
Additionally, House Bill 1090, which passed in November 2019, opened the door for out-of-state investors and publicly traded companies to invest in Colorado’s cannabis industry.
This has led to
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