Just 24.4% of U.S. cannabis operators profitable, study finds

Jun 23, 2023  · Only 24.4% of businesses in the U.S. cannabis sector report they are profitable, according to a new report by Oregon-based cannabis data and research company Whitney …


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Just 24.4% Of U.S. Cannabis Operators Profitable, Study Finds

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Jun 23, 2023  · Only 24.4% of businesses in the U.S. cannabis sector report they are profitable, according to a new report by Oregon-based cannabis data and research company Whitney …

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Report: Just 24.4% Of Cannabis Businesses Are Profitable

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In its annual Cannabis Operator Sentiment and Business Conditions report, Whitney Economics suggests that just 24.4% of cannabis businesses in the U.S. turn a profit, down 42% from the …

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Only 27% Of U.S. Cannabis Businesses Are Profitable, Survey …

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Jul 26, 2024  · According to the U.S. Chamber of Commerce, 65.3% of all small businesses in the U.S. are profitable, so the cannabis industry is far behind. “Because of the scheduling …

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Survey Report Shows U.S. Cannabis Industry In Crisis - Whitney …

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Jun 21, 2023  · Key findings include: Less than 25% of cannabis operators in the U.S. report that they are profitable, which is down from 42% the year prior. There is little relief in sight for …

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Survey Report Shows U.S. Cannabis Industry In Crisis - PR Newswire

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Jun 22, 2023  · Whitney Economics Report Finds only 24.4% of U.S. Cannabis Businesses are Profitable. "By conducting this survey, Whitney Economics strives to bridge the gap between …

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Only 24.4% Of Cannabis Operators Profitable Due To 280E, Other …

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by Mitchell Colbert. July 13, 2023. Shutterstock. A new report on the U.S. cannabis market is making the rounds, and paints a pretty dire picture of where the industry is today economically, …

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Whitney Economics Report Finds Only 24.4% Of U.S. Cannabis

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Jun 22, 2023  · Less than 25% of cannabis operators in the U.S. report that they are profitable, which is down from 42% the year prior. There is little relief in sight for operators; Whitney …

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Only 27% Of US Cannabis Operators Profitable In 2024, Whitney …

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Aug 14, 2024  · According to the U.S. Chamber of Commerce, 65.3% of all small businesses in the U.S. are profitable, so the cannabis industry is well below national averages. Initiatives are …

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US: Only 27.3% Of Cannabis Operators Are Profitable, Survey Shows

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Aug 16, 2024  · Whitney Economics has released the preliminary findings from its 2024 Cannabis Industry Business Conditions and Sentiment Survey. Cannabis operators remain optimistic …

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Only 24.4% Of Cannabis Operators Profitable Due To 280E, Other ...

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new report The U.S. cannabis market paints a pretty dire picture of how the cannabis industry is doing financially, with just 24.4% of survey respondents saying their business is profitable. . To …

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Study Shows Only 27% Of Cannabis Businesses Profitable In 2024

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Jul 24, 2024  · The survey results indicated that while on average 33.7% white operators in cannabis profitably, only 17.5% of their non-white counterparts are profitable. "The cannabis …

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Study: Only 27% Of U.S. Cannabis Operators Profitable - Mg …

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Jul 25, 2024  · Cannabis operators remain optimistic despite averaging only 27.3% overall profitability. About 41% of business are breaking even, and 32% say they are not profitable. …

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Only 24.4% Of Cannabis Operators Profitable Due To 280E, Other ...

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Jul 13, 2023  · A new report on the U.S. cannabis market is making the rounds, and paints a pretty dire picture of where the industry is today economically, with just 24.4% of survey respondents …

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EXCLUSIVE: Only 27% Of Cannabis Businesses Turn A Profit

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Oct 14, 2024  · Cannabis Industry Financial Health. Whitney also shared findings from a recent report published by Whitney Economics, focusing on the cash flow challenges facing many …

benzinga.com

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27% Of US Cannabis Operators Achieve Profitability

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Jul 19, 2024  · As the cannabis industry braces for possible changes, new research reveals a stark reality: only 27.3% of U.S. cannabis businesses are turning a profit. This critical finding was shared by Beau Whitney, founder and chief economist at Whitney Economics, in an exclusive interview with Benzinga.

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Only 27% Of US Cannabis Operators Are Profitable, Reveals …

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As the cannabis industry braces for possible changes, new research reveals a stark reality: only 27.3% of U.S. cannabis businesses are turning a profit. Beau Whitney, founder and chief …

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U.S. Cannabis Industry’s Total Economic Impact To Top

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Denver, CO, April 25, 2024—The 2024 MJBiz Factbook, released today, projects the economic impact of cannabis sales in the U.S. will top $112.4 billion in 2024, up 12% from last year, and …

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FAQs about Just 24.4% of U.S. cannabis operators profitable, study finds Coupon?

Are cannabis businesses profitable?

A striking revelation from Whitney’s research is the profitability struggle faced by many cannabis operators. “Only 27.3% of cannabis businesses in the United States are profitable,” Whitney stated. This figure, although an improvement from last year’s 24.5%, still lags significantly behind the national average of 65.3% for all small businesses. ...

Are cannabis businesses profitable in 2024?

An average of 27.27% of U.S. cannabis businesses polled by Whitney Economics said they were profitable in 2024. A remaining 40.56% said they broke even, while 32.17% said they were not profitable. ...

Are white cannabis operators profitable in 2024?

The survey results indicated that while on average 33.7% white operators in cannabis are profitable, just 17.5% of their non-white counterparts are profitable in 2024. “Minority communities have been impacted disproportionately,” says Whitney. ...

How many cannabis businesses are turning a profit?

As the cannabis industry braces for possible changes, new research reveals a stark reality: only 27.3% of U.S. cannabis businesses are turning a profit. ...

What does Whitney Economics say about the cannabis industry?

Whitney Economics (WE), a global leader in cannabis and hemp business consulting, data, and economic research, today announced preliminary findings from its 2024 Cannabis Industry Business Conditions and Sentiment Survey. Cannabis operators remain optimistic despite averaging only 27.3% overall profitability. ...

How does Whitney economics predict cannabis demand?

Whitney Economics developed models to accurately predict cannabis demand and the necessary licenses to support this growth. “Our report aims to forecast how much investment will be required to sustain the industry’s expansion moving forward,” said Whitney. ...

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