The legal weed business goes from gold rush to bust for many
January 3, 2023
The legal marijuana market in many states has taken a hit as excess supply has driven down the price of goods and profits for suppliers and retailers. “When the industry was so new, there was sort of a sure bet,” said Brian Lewandowski, executive director of the business research division at the University of Colorado at Boulder’s Leeds School of Business. “Anybody could walk in and make money in this business and we saw people become millionaires overnight. But now it’s competitive and you have to have a lot of business acumen.”
Recent News
Study Finds That Chemicals Inside Cars Can Cause Cancer
Flame retardants are added to vehicle interiors, but contain disease-causing agents.
Amazon Beauty’s Summer Beauty Haul Returns
As the summer approaches, Amazon Beauty is rolling out its much-anticipated Summer Beauty Haul.
Popular Sriracha Sauce to Cut Production This Summer
The popular condiment may be tougher to find than ever.
Cyberattack Disrupts Ascension Healthcare, Ambulances Diverted
A significant cyberattack has struck the core of the U.S. healthcare system, sending shockwaves through Ascension, a nonprofit network encompassing 140 hospitals across 19 states.