Dr. Jordan Tishler recently weighed in on how marijuana dispensaries were doing in the Boston area before the outbreak of COVID-19. A 'cannabis recession' already began in 2019 as many overnight dispensaries opened to meet earlier demands. Consequently, demand became met by more competitors. What's more, many entrepreneurs did not foresee the obstacles they would encounter in the form of state regulations, licensing and requirements. Since marijuana is a 'schedule one' substance with federal prohibitions, banking is not available for businesses. This means that dispensaries often keep cash on the premises, leaving them prey to a rash of smash a grab burglaries across legal states. Listen in to understand more.
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