America's once-booming weed industry 'verges on collapse'

The legalized marijuana industry in the US is facing a crisis due to plummeting prices, inconsistent state regulation, and burdensome taxes, leading to financial struggles and potential collapse for many businesses in the industry.

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Relevant topic timeline:

8/22/2023

New Jersey’s weed industry is in a ‘doom loop,’ trade group says

New Jersey's legal weed industry is experiencing slow growth due to a lack of enforcement and a protracted licensing process, resulting in potential tax revenue losses and a stagnant market, according to the New Jersey Cannabis Trade Association. The association blames the New Jersey Cannabis Regulatory Commission for hindering the industry's potential and advocates for the removal of unnecessary bureaucracy. Additionally, the proliferation of unregulated hemp-derived cannabinoids and minimal enforcement against illicit operators are contributing factors to the slow industry growth.

8/27/2023

Thailand’s Weed Industry Is Poised to Grow Fast

Thailand's Marijuana Industry - Oversupply, Illegal imports, and Regulatory Ambiguity - Thailand's legal marijuana business is facing challenges such as oversupply and illegal imports. - Despite these challenges, investors are investing in high-tech indoor cannabis farms in Thailand. - The industry is thriving in Thailand due to the increase in tourism and the potential customer base. - The industry exists in a state of regulatory limbo due to unclear laws and regulations. - Retail cannabis prices have dropped due to oversupply and illegal imports. - There is uncertainty regarding the future regulations for Thailand's cannabis industry. - Foreign and Thai investors are still investing in the market due to its economic potential. - Companies with good management and capitalization are likely to survive in the long-term. - Some companies are focusing on CBD products, while others are expanding dispensary networks. - The market is still open to small-scale Thai farmers who produce high-quality flowers.

9/1/2023

Top Cannabis Stocks for Q3 2023

Investing in cannabis stocks presents growth opportunities, with the market forecasted to reach $444.3 billion by 2030; however, limitations such as limited access to financial services and competition can hinder profitability.

9/14/2023

New York Expands Marijuana Licenses, But Existing License Holders Left in Limbo

Hundreds of marijuana businesses in New York may face financial ruin as the state prepares to release general licenses after previously awarding licenses to individuals with prior marijuana-related convictions, leading to lawsuits and a slow rollout of legal weed.

9/18/2023

NYC Cracks Down on Unlicensed Cannabis Shops as Legal Market Slow to Launch

New York officials are intensifying efforts to crack down on unlicensed smoke shops selling cannabis, as the state struggles to establish its legal marijuana marketplace, with an estimated 1,500 unlicensed retailers in New York City potentially holding up to $484 million worth of marijuana products.

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Posted 8/27/2023, 10:47:36 PM