420 with CNW – Consolidation Starts Taking Shape in the US Cannabis Industry
Like any emerging industry, the cannabis industry has reached that time when consolidation starts taking place. Several reasons have made such a step inevitable. First, way too many businesses rush to get licences in each state that legalizes recreational or medical marijuana. Not all those businesses that open are likely to succeed, so it is only logical that the ones not doing well get gobbled up by those that are having a better run in the market. Secondly, too many companies in a restricted marketplace trigger a rush to the bottom. The different pricing models adopted to get an edge…