California Cannabis Outlook Slashed by BDS on Slow Licensing
- Forecast for 2018 marijuana sales reduced for second time
- Research firm cites new regulations that have hit the industry
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New state rules are killing the buzz on California’s cannabis sales.
Legal pot that was once expected to generate $3.7 billion in revenue this year now is forecast to total just $2.9 billion, Greg Shoenfeld, vice president for operations at BDS Analytics, said by phone Wednesday, previewing a report the research firm plans to issue later this week. BDS had previously cut its forecast to $3.5 billion.