The Canna-pocalypse of Small Brands Is Upon Us – But All Is Not Lost
Posted: May 2nd, 2019
As cannabis businesses in California and beyond transition to the regulated market, we are seeing the canna-pocalypse of our favorite farms, products, and brands across the industry. The astronomical cost of licensing and compliance, combined with the lack of access to banking and traditional financial services afforded to other small businesses, make financing for growth one of the hardest and most limiting pieces to the puzzle. Hard-working entrepreneurs are also closing down for a multitude of other reasons, including waiting on permits and licenses to ever-changing rules and compliance, and at this stage it’s easy to run out of both time and money.