Dankrupt – Why are So Many Cannabis Businesses Losing Money Hand over Fist?

Well, the hard truth is that while cannabis businesses surely can bring in the dough, it won’t be easy. Cannabis products are notoriously expensive to do, as well as maintain, no matter what part of the process you’re in: growing, processing, producing, or selling products. It will easily require hundreds of thousands of dollars, to as much as millions of dollars just to pay for the initial licenses, equipment, security, compliance fees, and property to name a few.