Cannabis companies have faced some significant challenges during the past year and the DOJ's challenges to mergers or planned mergers and the costs associated therewith has been one of them. It's no wonder that many of these companies are experiencing cash flow shortages. The pandemic of course has also contributed to these woes.
The challenges these companies face are many....banking is still very difficult and very expensive, investors are not as plentiful, federal tax deductions are not allowed...the list goes on and on. It's frankly a wonder that many are still so viable and are actually seeing an uptick in revenues. Time will tell as to who the survivors will be but I am confident that many will overcome these hardships and prosper....especially when we see a change in the federal law.