+ What's Tilray doing this year?
| Working Together | | | 2023 Cannabis Industry Outlook: 'Tough Times Create Exceptional Organizations' | | Merida Capital's Colin Kelley shares his take on what U.S. cannabis markets can expect this year, as well as themes to keep in mind while navigating this challenging time in the industry. More >>> |
What's to Come? | 2022 was a challenging and intense year for the cannabis industry. Oversupply issues led to price compression. Legal operators continued to face competition from the illicit market. That’s just the start of it.
What’s to come in 2023? Will these challenges continue to remain a struggle for operators this year?
Colin Kelley, operating partner for Merida Capital Holdings and advisory board member for Cannabis Conference, laid it all out in his most recent article for CBT: 2023 Cannabis Industry Outlook: "Tough Times Create Exceptional Organizations."
Kelley wrote he anticipates some of the major themes the industry saw in 2022 to continue into 2023, including the industry’s march toward legalization. Kelley also predicts that the legal market will “still pull” from the traditional, or illicit, market in 2023; however, he notes that while the illicit market may be the “competition,” it doesn’t have to be the “enemy.”
“Let’s be open to the idea that we have something to learn from each other,” Kelley wrote. “In 2023, there will be more opportunities for traditional operators to enter legal markets. And, depending on regulatory and tax environments, the price compression of wholesale flower will accelerate the shift of operators and consumers to the legal market.”
Read more from Kelley and how these challenging times can create “exceptional organizations” here. -Andriana Ruscitto, Associate Editor |
Door's Open | | | Inside Klutch Cannabis’ Ohio Expansion Into Retail | | Klutch’s The Citizen dispensary location in Lorain, complete with a drive-thru, is set to open this month, and a second store will open in Canton in around the end of March. More >>> |
Tilray Time | | | Tilray CEO Courts Fruits and Vegetables as ‘Temporary Bridge’ to Weather Cannabis Industry’s Financial Storms | | On a recent earnings call, Irwin Simon directed some attention toward non-cannabis offerings in the U.S., Canada and Europe. More >>> |
About CBT:
Cannabis Business Times is the most trusted source of actionable intelligence for plant-touching cannabis businesses throughout North America and is producer of the industry-leading Cannabis Conference. |
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