Tuesday, August 26, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

Just a Quarter of Weed Businesses Are Profitable. Will that change?

Graham Cooper by Graham Cooper
August 19, 2024
in Business, Featured
Share on FacebookShare on Twitter
72

A new report from Whitney Economics shed some light on the numbers coming out of the marijuana industry, and they aren’t too promising. From its survey, the research group found that 27.3% of businesses it spoke to were generally profitable. This is down from 42% in 2022, but up from 24% last year.

However, the survey found that more businesses are breaking even, with a rise from 20% (2022), 34% (2023), and now 40% this year.

Only 17.5% of minority-owned businesses are profitable.

This is mainly due to the insane amount of taxes that marijuana businesses have to deal with, and a rescheduling will immediately create some breathing room for these businesses who are dealing with the 280e taxation burden.

Luckily, the taxes don’t seem to be deterring too many consumers and pushing into the illicit market. Another survey found that 8 in 10 consumers bought their weed from legal dispensaries. I’d imagine this would mainly be true for the younger smokers who have never had to deal with shady dealers, whereas the older smokers are still used to those older, premium prices of the black market stuff.

So the demand is there, and this is a very clear instance of the government getting in the way of growth. Hopefully the rescheduling will happen sooner than later so that these struggling businesses can right their ships in time.

Read the profitability article here, and the legal market survey here.

Visits: 459
Previous Post

Wiz Khalifa Expands Cannabis Brand Into Germany

Next Post

DNC Platform is subdued towards Marijuana Reform

Graham Cooper

Graham Cooper

Next Post
DNC Platform is subdued towards Marijuana Reform

DNC Platform is subdued towards Marijuana Reform

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
Where do Republican senators stand with weed?

Where do Republican senators stand with weed?

June 30, 2021
Indica vs. Sativa: Is there really a difference?

Indica vs. Sativa: Is there really a difference?

November 22, 2021
How’s legal marijuana doing in Germany?

How’s legal marijuana doing in Germany?

0
Kamala Harris Mentions Cannabis Reform For The First Time Since The Election

Kamala Harris Mentions Cannabis Reform For The First Time Since The Election

0
Federal agents in DC are saying Trump is tired of marijuana

Federal agents in DC are saying Trump is tired of marijuana

August 21, 2025
Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

August 21, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

Federal agents in DC are saying Trump is tired of marijuana

Federal agents in DC are saying Trump is tired of marijuana

August 21, 2025
Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

August 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp