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Cannabis Recession 2023

March 16, 2023 Published by

Is a 2023 cannabis recession inevitable? While an economic downturn is inevitable, how the cannabis industry weathers the storm remains to be seen.  For sure, saturated retail markets will feel the hit as consumers cut back or make more discerning purchases. And large-scale industrial grows that have been more about selling equity than weed will feel the impact.  But why? Why has the value of cannabis stocks been removed from fundamentals? Why are small cannabis business owners – through no […]

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Investors Lose Billions with Canadian Cannabis 

November 22, 2022 Published by

Investors have lost billions investing in Canadian cannabis. That’s the latest data collected by the law firm Miller Thomson. Of the total 183 publicly traded licensed cannabis producers, they collectively lost $131 billion. Or, as one Redditor put it, High quality marijuana cost $7.69 per gram. It’s estimated that the average joint has 0.32 grams of marijuana in them. So one joint should be around $2.46. Therefore, $131 billion could purchase 53,252,032,520 joints. Canada’s population is 38.25 million. So each […]

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