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News analysis

US cannabis firms leave the business over industry ‘challenges and changes’

Written by || 17th March 2023 || News analysis | Cannabinoids | GeographiesArizona California Colorado Florida Illinois Nevada North America United States

Key cannabis industry players have scaled back their businesses this year, citing the “challenges of the current market”.

US multistate cannabis operator Ayr Wellness has been undertaking a “series of optimisations” to simplify its business in 2023, starting with the termination of its proposed acquisition of Chicago’s Dispensary 33 for $55m in January.

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Lorraine Mullaney

Senior writer
Lorraine is responsible for writing news analysis and assisting with copy-editing. Lorraine is a copywriter and editor who has written and edited words for a wide range of audiences, from local community newspapers to consumer magazines and trade websites.

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