Despite Hurdles, Many Cannabis Companies Raking In Cash

A whopping 90 percent of cannabis dispensaries, rec stores, infused products manufacturers, and cultivators reported breaking even or turning a profit, according to the latest data collected by the Marijuana Business Daily for its 2016 Marijuana Business Factbook.

The picture looked particularly rosy for cultivators - who tended to make back their initial investment after the first harvest - and for producers of infused products, 91 percent of which said they at least broke even during the survey year, and 27 percent of which reported being "very profitable."

The path to success is less smooth for many ancillary businesses and and tech firms, of which 26 percent reported losing "some" or "a lot of" money – more than in any other sector in the cannabis business. The difficult may be a result of both intense competition in a rapidly-expanding field, and the higher initial overhead costs compared with dispensaries, cultivators, and other businesses that actually touch the plant.

Check out the chart below - or read the full analysis by MBD staff here.

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Rep. Tim Ryan (D-OH) isn't the most vocal cannabis advocate on the 2020 presidential campaign trail, but you shouldn't take that as a lack of support for marijuana legalization. Unlike many of the top contenders for the upcoming Democratic primaries, Ryan hasn't filed any of his own cannabis legalization bills.

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