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Introduction: Chasing Profitability
There’s no denying or minimizing the fact that the cannabis industry has been struggling through difficult times. From market corrections and price compression to soaring input and labor costs, the road has grown increasingly rocky. Add federal IRC Section 280E, state and local tax burdens, and operators are hitting rough terrain at seemingly every turn. As you’ll find in the 2023 “State of the Cannabis Cultivation Industry Report,” profitability has been elusive for many cultivation companies—yet, look closely, and you’ll find many companies thriving despite the challenges all face.
