This Is a Huge Red Flag for the Cannabis Industry

David Jagielski, The Motley Fool
·3 min read
This Is a Huge Red Flag for the Cannabis Industry

Marijuana companies are normally chomping at the bit to jump into new markets that have recently legalized cannabis use, but that trend could be changing. There have been recent developments involving marijuana businesses slashing costs and laying off staff, but what really got my attention was when a top cannabis company dropped a bombshell: that it would be exiting not one but three states. On Jan. 26, multi-state marijuana operator Curaleaf Holdings (OTC: CURLF) announced that it will be shutting down most of its operations (production and cultivation) in three top markets: California, Colorado, and Oregon.

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