Did the Green Rush Stall? – Only 42% of Cannabis Businesses are Actually Profitable Says New Survey

The prospects and the burgeoning sales of cannabis products across the country would make one believe that all cannabis businesses are soaring in profits. The new report from Whitney Economics after a survey of about 400 cannabis business owners in 20 legal states unfortunately says otherwise. The results of the report indicate that only 42 percent of the business owners in the survey were profitable. 20 percent of the respondents indicated that they were breaking even in the business. This leaves 38 percent of the respondents still operating their businesses at somewhat of a loss as opposed to the general expectation of profit by all.