Will Cannabis Live Up To Its Promise?

Every Wednesday, discover an editorial on a relevant and important topic related to indoor farming.

Photo by Richard T on Unsplash

Good morning readers, in the following four to five years, the medical and recreational segments are expected to continue to grow. Due to the far greater number of users, it is predicted that the recreational segment will surpass the medicinal segment in growth. Deloitte predicted that the Canadian cannabis business may be valued at close to $2.7 billion. Growing operating costs and greater competition from both legal and illicit producers are challenges faced by cannabis growers.

Due to unsold supply in August, Canadian companies suffered losses of CAD 3 billion. As investors became weary of waiting for federal laws, the total amount of marijuana-related money generated in the United States decreased by 62% since last year, and equity financing decreased by 96%. The cannabis industry appears to be promising but may be too liable to lawmakers, contrary to Hemp.