Who Killed the U.S. Cannabis Market? Blame Canadian Investment Bankers
How speculative finance and distorted incentives hollowed out American weed. On a sunny afternoon in Santa Monica in the spring of 2018, I sat on a hotel patio with the owners of two up-and-coming cannabis businesses: one a popular low-cost brand and the other a NorCal farming co-op. I had an all-cash offer from investors […]