Tight capital markets – worsened by COVID-19 – derail Schwazze’s cannabis acquisitions

MJ Biz report…..

Already struggling capital markets further tightened by the coronavirus, a declining stock price and an improving legalization outlook for cannabis have combined to derail five of the 10 planned deals in Schwazze’s strategy to consolidate the Colorado market.

While COVID-19 actually has improved the long-term investment case for the marijuana industry after state governments deemed it “essential,” the pandemic has made capital markets for cannabis even more skittish.

Full report….

Tight capital markets – worsened by COVID-19 – derail Schwazze’s cannabis acquisitions