US (CO): "Cannabis companies take a hit from global supply-chain issues"

Colorado’s cannabis companies aren’t immune to the supply chain disruptions testing industries worldwide, with some feeling the squeeze on packaging, nutrients and more.

“Cannabis is no different than any other industry,” said Matt Jacobs, vice president of operations at Veritas Fine Cannabis. “We’ve got the same issues that other people do when it comes to the supply chain right now.”

The coronavirus pandemic thrust the global supply chain into disarray, with overloaded warehouses, backlogged ports and labor shortages intensifying shipping delays. And the U.S. inflation rate continues to rise after hitting a 40-year high in December, the Bureau of Labor Statistics’ Consumer Price Index reports.

All the while, businesses are trying to satiate consumer demand, including those in Colorado’s cannabis industry. The sector saw over $2.22 billion in sales last year, breaking its previous record in 2020 at over $2.19 billion, the state’s Revenue Department reported.

To read the complete article, go to www.denverpost.com


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