A recent survey conducted by the National Cannabis Industry Association (NCIA) and Whitney Economics has revealed that only 26% of cannabis companies in the United States are profitable. The survey, which was conducted among nearly 400 cannabis operators and stakeholders in 20 states, showed that the majority of cannabis businesses are still struggling to make a profit. The Public Cannabis Company Revenue Tracker from New Cannabis Ventures is a useful tool for investors to get an idea of the financial performance of cannabis companies. However, it should not be used as investment advice.
The survey results indicate that the cannabis industry is still in its early stages and that many businesses are still trying to find their footing. It is important for investors to do their due diligence before investing in any cannabis company.
