Recession to Wipe Out Weed Firms Trying to Make ‘Quick Buck’
With investors becoming more cautious and capital more expensive, only the strongest cannabis firms will survive a downturn in the global economy.
Welcome to the Dose, a weekly newsletter that follows the cannabis and psychedelics industries. Filling in for Tiffany Kary this week is Mumbi Gitau, a Bloomberg reporter based in London. Gitau dives into what recession fears and tanking stock markets mean for the industry.
Cannabis startups in Europe are facing a harder time raising capital amid recession fears and sinking stock markets, but that could ultimately help the industry.