(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.)
Pete Karabas (Courtesy photo)
Over the past five years, the cannabis industry has experienced intense growing pains.
Capital overspending, regulatory friction and tax headwinds have taken their toll.
After all the industry’s recent challenges, some level of natural selection was bound to occur.
As a result, the companies still standing today are often being run by the most disciplined, resilient management teams, which means these businesses are well positioned to thrive.
The correction the industry has experienced has reset expectations and valuations to rational levels.
Unlike in 2019 or 2021, where investors were largely focused on companies showing strong growth and ability to acquire market share, today’s investors are focused on profitability and balance-sheet strength, prioritizing protection of capital.
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