ERVA NEWS – Know more, Feel better
  • Business & Industry
    • Market Analysis & Trends
    • Investment opportunities
    • Company Profiles & Statistics
    • Mergers & Acquisitions
    • Marketing Strategies & Supply Chain Insights
  • Health & Wellness
    • Medical Research & CBD Benefits
    • Treatment Options & Dosage Guidelines
    • Mental Health Applications & Patient Testimonials
    • Wellness Routines, Athletic Recovery & Sleep Improvement
  • Science & Technology
    • Cannabinoid & Terpene Research
    • Cultivation Techniques & Genetic Studies
    • Extraction Methods & Bioavailability
    • Lab Testing & Cultivation Science
  • Legal & Policy
    • State, Federal & International Laws
    • Regulatory Changes & Compliance Guides
    • Licensing, Banking Regulations & Taxation
    • Social Equity, Local Ordinances & Import/Export Rules
  • Lifestyle & Culture
    • Consumption Guides & Product Reviews
    • Recipes & Storage Tips
    • Event Coverage & Travel Guides
    • Celebrity News, Community Stories, Art & Music
  • Shop

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Florida Billionaire Donates $20M to Candidates that Oppose Cannabis Legalization Effort

December 8, 2024

New York Officials Release Multi-Year Cannabis Industry Report

December 8, 2024

Vice Presidential Nominee Tim Walz Has A Rating from NORML for Cannabis Policy

December 7, 2024
Facebook Twitter
Facebook Twitter
ERVA NEWS – Know more, Feel better
Monday, July 7
  • Business & Industry
    • Market Analysis & Trends
    • Investment opportunities
    • Company Profiles & Statistics
    • Mergers & Acquisitions
    • Marketing Strategies & Supply Chain Insights
  • Health & Wellness
    • Medical Research & CBD Benefits
    • Treatment Options & Dosage Guidelines
    • Mental Health Applications & Patient Testimonials
    • Wellness Routines, Athletic Recovery & Sleep Improvement
  • Science & Technology
    • Cannabinoid & Terpene Research
    • Cultivation Techniques & Genetic Studies
    • Extraction Methods & Bioavailability
    • Lab Testing & Cultivation Science
  • Legal & Policy
    • State, Federal & International Laws
    • Regulatory Changes & Compliance Guides
    • Licensing, Banking Regulations & Taxation
    • Social Equity, Local Ordinances & Import/Export Rules
  • Lifestyle & Culture
    • Consumption Guides & Product Reviews
    • Recipes & Storage Tips
    • Event Coverage & Travel Guides
    • Celebrity News, Community Stories, Art & Music
  • Shop
ERVA NEWS – Know more, Feel better
Home»Business & Industry»Survey: More Than One-Third of U.S. Cannabis Companies Not Profitable
Business & Industry

Survey: More Than One-Third of U.S. Cannabis Companies Not Profitable

March 17, 2022Updated:March 17, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Survey: More Than One-Third of U.S. Cannabis Companies Not Profitable
Share
Facebook Twitter LinkedIn Pinterest Email

A recent survey by the Nationwide Hashish Business Affiliation (NCIA) and Whitney Economics discovered that 37% of hashish companies within the U.S. should not worthwhile. Of the 396 hashish companies across the nation that have been surveyed, solely 42% have been discovered to be worthwhile whereas 21% felt their investments have been breaking even, in keeping with the survey outcomes.

The NCIA survey highlights some particular challenges going through the business, like competitors from the illicit market and over-taxation. Moreover, lack of entry to banking and worth volatility have been famous as potential hindrances for hashish entrepreneurs, the report says.

“I feel we’re within the enterprise the place it’s the hardest and the revenue is the toughest to get,” Mike Benziger, a California grower whose household has roots within the wine business, instructed the North Bay Business Journal. “Once we grew to become an business pushed on worth moderately than high quality, that’s when it grew to become powerful.”

Benziger instructed the Journal the hashish enterprise is “designed to take massive hits,” including that smaller growers must “have already got cash” or be capable to make gross sales “on-site” in the event that they wish to survive.

Beau Whitney, the founding father of Whitney Economics, described the outcomes as “no shock.”

“The narrative out there’s that everybody is swimming in money due to hashish,” he stated. “However, for a lot of, except you might have $2.5 (million) to $3 million, you’re not in a position to cowl a mortgage or lease or well being care.”

Get each day hashish enterprise information updates. Subscribe

Sponsor message:

Source link

cannabis Companies OneThird Profitable Survey
Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleMississippi Gov. Signs Medical Cannabis Legalization Bill
Next Article Vegan Edibles for an Eco-Friendly High

Related Posts

Florida Billionaire Donates $20M to Candidates that Oppose Cannabis Legalization Effort

December 8, 2024

New York Officials Release Multi-Year Cannabis Industry Report

December 8, 2024

Vice Presidential Nominee Tim Walz Has A Rating from NORML for Cannabis Policy

December 7, 2024

Delaware Receives 1,260 Adult-Use Cannabis Applications

December 7, 2024

Comments are closed.

Our Picks

Florida Billionaire Donates $20M to Candidates that Oppose Cannabis Legalization Effort

December 8, 2024

New York Officials Release Multi-Year Cannabis Industry Report

December 8, 2024

Vice Presidential Nominee Tim Walz Has A Rating from NORML for Cannabis Policy

December 7, 2024

Delaware Receives 1,260 Adult-Use Cannabis Applications

December 7, 2024
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Legal & Policy

Florida Billionaire Donates $20M to Candidates that Oppose Cannabis Legalization Effort

December 8, 20240

In an August 2 op-ed, Ken Griffin, the billionaire investor and CEO of Florida-based Citadel…

New York Officials Release Multi-Year Cannabis Industry Report

December 8, 2024

Vice Presidential Nominee Tim Walz Has A Rating from NORML for Cannabis Policy

December 7, 2024

Delaware Receives 1,260 Adult-Use Cannabis Applications

December 7, 2024
logo

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Social mendia

Facebook-f Twitter

Categories

  • Business & Industry
  • Health & Wellness
  • Science & Technology
  • Legal & Policy
  • Lifestyle & Culture
  • Business & Industry
  • Health & Wellness
  • Science & Technology
  • Legal & Policy
  • Lifestyle & Culture

Our Picks

Florida Billionaire Donates $20M to Candidates that Oppose Cannabis Legalization Effort

December 8, 2024

New York Officials Release Multi-Year Cannabis Industry Report

December 8, 2024

Vice Presidential Nominee Tim Walz Has A Rating from NORML for Cannabis Policy

December 7, 2024
© 2024 ervanews.com. All rights reserved.