The landscape of the cannabis industry is often compared to the Gold Rush of the late 1840s and 1850s — hence the phrase “the Green Rush.” Sharing similarities such as the trend originating in California, widespread interest/investment opportunities and multitude of risks in the area, it’s no wonder why the name stuck. In 2018, legal marijuana sales reached an estimated $9.7 billion across North America; that number is set to more than double in 2023. With any emerging market, there are inherent risks, and the cannabis industry is not immune to this. As the industry grows, it becomes more susceptible to risks such as financial risk rooted in lack of safe banking protocols, inventory/product management issues and fraud. Considering regulations the government is imposing — in addition to the slow movement to de-schedule cannabis — it could be some time before companies can operate more freely, if at all. In the meantime, there are ways to protect your company, prepare for regulations and prevent losses. Leveraging Digital Transformation in the Cannabis industry: Fraud With financial institutions still hesitant to bank the cannabis business, fraud has become one of the biggest risks in the cannabis industry. This is especially true […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
