The 2023 Cannabis Reset: A Redux of 2019?

Business Valuation UpdateVol. 29 No. 9
September 2023
Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA, CGMA
Ryan Cram, CVA
industry analysis
economic forecast, industry analysis, cannabis

Summary

As we roll through 2023, getting well past what many are calling the post-COVID-19 pandemic era, the cannabis industry appears to be hitting a major reset button. Inflationary trends continue near a 40-year high with no sign of a quick retreat, legislative reforms for the industry have stalled, interest rates and the cost of capital continue to be significant challenges in the sector, and labor and supply-chain disruptions also continue in some jurisdictions.