The U.S. cannabis industry, expected to exceed $50 billion in sales in 2025, is hindered by regulatory complexities, banking restrictions, and growing competition from larger sectors. Each state has its own set of cannabis regulations, complicating operations for businesses that operate nationally. Moreover, federal banking restrictions force many cannabis firms to remain cash-only, increasing operational risks. The SAFER Banking Act seeks to alleviate these issues but remains pending in Congress. Additionally, increased interest from established industries such as alcohol and tobacco further challenges smaller cannabis businesses' market positioning, making survival increasingly difficult.
The U.S. cannabis industry has grown significantly, projected to surpass $50 billion in sales, yet faces numerous challenges due to regulatory, banking, and competitive pressures.
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