Over the past five months, two of the largest MSOs in the country, Trulieve Cannabis based in Florida and Cresco Labs based in Chicago, have withdrawn from state-legal cannabis markets. This strategic move reflects their ongoing efforts to fortify their balance sheets, a response to the challenging macroeconomic environment and the slow pace of federal cannabis reform. The cannabis industry eagerly anticipates widespread federal reform and an improvement in investor sentiment.
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This article was originally published in 2023. From the hash and honey oil of the…