Current studies present that main marijuana corporations are operating out of cash, and companies in Canada are particularly at risk of turning into illiquid. Main producers within the weed-friendly nation have simply over 6 months of money readily available, in accordance to the data, and comparable corporations within the U.S. simply over one yr of liquidity. Within the U.S. the falling hashish shares and sluggish market current a fair better menace, since corporations can’t file chapter because the plant remains to be unlawful below federal legislation. All this appears to beg the query: the place is crypto in these attempting occasions?
Additionally Learn: California Metropolis Official Makes use of Bitcoin Cash to Buy Cannabis
Companies Working Out of Weed Cash, Black Market Nonetheless Thriving
The current wave of hashish legalization throughout the US and Canada introduced with it a surge in hashish firm inventory costs and excessive hopes of massive cash and a thriving…