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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Saying you work in cannabis is sure to raise some eyebrows. Some people might be curious, others might not take you seriously, and still others might ask how they can invest. These cannabis executives dish on the reactions they get when they say they work in the space, and how those reactions have evolved over the past 10 years.

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