2021 Dispensary growth outlook

by | Dec 18, 2020 | Macro, Thematic Research | 3 comments

As we close out the year 2020, the US cannabis industry is on a trajectory previously unseen for the sector. The country demonstrated their overwhelming support for legalization, the top companies displayed positive cashflows and compelling margins, and consumer appetite for cannabis during the pandemic proved how secular growth could trump the market’s beta assumptions.

However, one aspect of the industry saw drawbacks amidst the volatility. New licenses were held up, deprioritized, botched, and more, particularly for dispensaries.