Reform does not help every cannabis operator equally. Jay Rosenthal on why the best asset is the one that still has value when your forecast is wrong.
Clean, organized data can still drive catastrophic decisions. The discount-spike loop that reads clearance as demand — and why it compounds.
The market does not care about sunk costs. Separating the vision from the vehicles used to pursue it is the audit most leadership teams never run.
In stable industries control compounds; in unstable ones flexibility does. Cannabis infrastructure is either a moat or an anchor.
Product inconsistency costs you a customer who switches and never returns. Consistency isn't a slogan — it's engineered process control.
The disciplined operators looked slow and boring. As the debt wall closes in, the market will reward exactly one thing: prudent capital allocators.
Cannabis runs six or seven businesses at once, in multiple states, every supply chain locked to one state. Most of it is solved next door.