According to a new report published by Cannabis Business Executive (CBE) and cannabis market research firm High Yield Insights Cannabis official report “slashing budgets and significant disruption to suppliers and services during the COVID-19 crisis”. Experts argue the impact of the pandemic on revenue has compacted with the already complicated banking and finance regulations obstructing transactions in the cannabis market. Many cannabis businesses are deemed “essential business” in most states which have helped uphold the industry. However, reports estimate that “53% of service and equipment providers expect revenue shortfalls and half of all production businesses have cut their year-end forecasts.
– San Francisco Gate, 06/30/2020 6:20:00 PM