Reported about 22 hours ago
The cannabis industry is facing a significant debt crisis as companies like Schwazze struggle to refinance amidst legal and financial obstacles, exacerbated by federal prohibition on marijuana. With approximately $6 billion in debt maturing next year and profitability declining, many cannabis firms risk bankruptcy without legal protections and face heavy refinancing costs due to high interest rates. The market has matured, but ongoing federal restrictions and competition from unlicensed producers create a precarious environment for the legal cannabis sector.
Source: YAHOO