After years of rapid growth, the U.S. cannabis industry is showing signs of fatigue amid challenging economic conditions and growing pains.
KEY POINTS
- In some of the most mature legal cannabis markets across the U.S., sales are declining after surging earlier in the pandemic.
- Investment money is also drying up, making it harder for small businesses and startups to succeed in a crowded marketplace.
- The industry is awaiting federal regulation that could help it scale nationwide.
