The cannabis industry is at a pivotal juncture. Once the poster child for American entrepreneurial spirit, it’s hit a wall, grappling with a litany of challenges that range from taxation woes to illicit market competition. Gone are the days of irrational exuberance, and we’re about a year into a period that could only be described as a sobering reality check. As featured in MG Magazine, Benzinga’s Cannabis Capital Conference has become a hotspot for entrepreneurs searching for actionable insights to drive their businesses forward.
In adversity lies opportunity. Businesses may be operating in uncharted waters, but that doesn’t mean the ship has to sink. The storm can be weathered. The question, as always, is: How? MG Magazine has some answers.
A Penny Saved, A Penny Earned
As Andrew Carnegie wisely put it, "Watch the costs, and the profits will take care of themselves." While many were hypnotized by skyrocketing sales a few years ago, the ethos in 2023 must be laser-focused on frugality. …