This article talks about the problems that might happen to cannabis businesses and people who invest in them in the year 2024. The main issues are:
1. There is a big illegal market for cannabis, which means some people sell it without following the rules or paying taxes. This makes it hard for legal businesses to compete.
2. Some products made from hemp, which is related to cannabis, can be intoxicating and cause problems with the law. This creates confusion about what is allowed and not allowed.
3. The laws around cannabis at the federal level (the whole country) might change, but nobody knows how or when. This makes it difficult for businesses and investors to plan for the future.
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- The title is misleading and sensationalist, implying that there are specific risks for investors in the cannabis industry in 2024, when the article only mentions four possible scenarios. A better title would be "Four Potential Risks Facing the Cannabis Industry in 2024" or something similar.
- The article does not provide any data or evidence to support its claims about the illegal market growth, the surge in intoxicating hemp products, and the unpredictability of federal law changes. It relies on anecdotal information from a single source, Harris Sliwoski, who is an international law firm experienced in cannabis law, but this does not necessarily mean he has expertise or access to comprehensive data on the current state and future trends of the industry.
- The article seems to have a negative tone and bias against the illegal market, portraying it as a threat to the legal market and its operators, while ignoring the possible benefits or reasons for its persistence. It also does not consider the possibility that some consumers may prefer the quality, price, or availability of illegal products over legal ones, or that some legal operators may benefit from working with or selling to illegal sources.
- The article focuses too much on the risks and challenges facing the cannabis industry in 2024, without acknowledging the opportunities and benefits it may offer for investors and businesses. For example, it does not mention the potential for growth, innovation, diversification, or expansion of the legal market, nor the increasing demand and acceptance of cannabis products among consumers and regulators worldwide.
- The article is too short and vague to provide a comprehensive and balanced overview of the topic. It does not explain how the four risks mentioned are interconnected or related to each other, or how they may affect different segments of the industry, such as cultivation, processing, distribution, retail, or consumption. It also does not offer any suggestions or recommendations for investors who want to mitigate or capitalize on these risks, or for businesses that want to adapt or innovate in response to them.