It has been an interesting year for the cannabis industry. With many new states coming on board, the vast increase in cost of products, and a recession looming, we have heard that cannabis is an essential industry. Although the cannabis industry may be essential it is not recession or inflation proof, maybe resistant, but not proof. With many people trying to juggle groceries, gas, and other essential bills we have seen a shift in the products that are being sold. Harry Brelsford of the CannaTech Group sits down with Steve Gutterman of Falcon Brands to chat about the swing in the industry and what he has seen.
With the cannabis -legalization movements expanding into new states and some members of Congress advocating for reform and even federal legalization, many are wondering what will this year bring for the industry. So far in 2022 we have found that many businesses are in a period of question, trying to figure out what their next move is going to be, how they’re going to scale, how they’re going to operate in multiple states, and or multiple verticals. There is also a lot of challenges when it comes to technology platforms, and harnessing all that data that’s being produced, as well as maintaining the compliance.