The cannabis gold rush that wasn't
The nation’s marijuana industry boomed during the pandemic. Weed sales hit $27 billion in 2021, nearly doubling figures from just two years earlier — and revenues are projected to double again over the next six years. But the still-green industry is mired in a financial funk: Stock prices have plummeted. Capital raises have crashed. And marijuana prices have slumped. Paul Demko reports. Learn more about your ad choices. Visit megaphone.fm/adchoices