Whitney Economics, an economic consulting firm in the cannabis industry, today released a report - U.S. Cannabis Business Conditions Survey Report - that says how cannabis industry operators are viewing the success of the industry and factors stifling growth.
The top concern: funding, followed by market volatility, big business competition, and taxes.
“Operators are kept up at night worrying about how to survive in an environment where there is little support, extremely strong competition from illicit dealers from one side, and the existential threat of corporate competition on the other," said Beau Whitney, founder and Chief Economist at Whitney Economics. "The only solution for operators is to advocate for a level playing field and hope that reform will occur sooner, and not later.”
The 20-question survey was deployed throughout October 2021, received responses from operators and stakeholders in 20 states, and examined policy, regulatory issues, industry successes and overall industry sentiment.
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