Could This Surprising Move Save The Cannabis Industry?

The cannabis industry is in trouble. Not only is there lots of competition, but growth can be expensive, especially given the challenging conditions and regulations in today's market.

Transporting marijuana across state lines is not legal and with share prices cratering and many cannabis companies burning through cash, it's not easy for a cannabis producer in the U.S. to grow, even though the opportunities may be there. In Canada, a slow retail rollout and high prices are posing big challenges. The cannabis industry needs something to help turn things around.

One of the sobering realities for the industry is that many companies may not survive 2020. Cash flow is a growing problem and it's especially problematic for U.S. companies that don't have access to bank accounts or traditional loans.

Source Fool.com