Does that mean there is no hope for the future of cannabis investing? Marijuana businesses today are closing for a varitey of reasons, but an investment fund usually has a 3 to 5 year outlook. One problem with this fund closing is that it is basically a statement that “the 3 to 5 year look ahead to make a decent return is just not there”, better to put your money in other stocks or assets to make money for the next 5 years. Another problem that is known by industy insiders is that while big “sales” headlines create nice headlines, profits remain elusive for almost 75% of cannabis businesses in America according to Whitney Economics.
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This article was originally published in 2023. From the hash and honey oil of the…