Equities Outlook
After ‘Blood-Spilled’ Year, Pot Firms Brace for Repeat in 2020
- Expect ‘full-blown, wipe-out failures,’ industry player says
- A bright spot: Republican states set to vote on legalization
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As the cannabis industry comes off an annus horribilis, things are expected to get worse before they get better in 2020.
The new year is likely to kick off with a wave of bankruptcies and consolidations as struggling pot companies run out of cash. But, for those that survive long enough, bipartisan support for U.S. legalization could jump-start a turnaround heading into the November election.