Business
Tariffs on Chinese Imports Drive Up Costs for U.S. Cannabis Industry
Escalating tariffs on Chinese imports are reshaping the U.S. cannabis industry's global supply chain. With federal law prohibiting cannabis imports, businesses are being hit not on the product side, but on critical components—vaporizers, cartridges, packaging, and other equipment—most of which are sourced from China. As these goods are now subject to tariffs as high as 45%, producers are facing increased costs and difficult decisions about where and how to manufacture ...
Business is booming in the cannabis space! In 2020, the licensed industry reached $18 billion in sales, with a 33% growth from the previous year. From stocks to follow and brands to watch to banking solutions on the horizon—we’ve got the latest on new growth in the industry with all the latest cannabis business news.
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