Cost Cutting in Cannabis.
We have seen many cannabis companies come into 2022 with goals of cutting costs and to try and get closer to becoming cash flow positive in 2023. Curaleaf (CURLF) announced that they are eliminating "several positions" as it follows through on cost-control plans. "Every responsible business is making tough choices right now, and as the cannabis industry evolves and faces unique challenges, we know there will continue to be ups and downs," a company spokesperson told MarketWatch in a statement. "Curaleaf has made the difficult decision to eliminate several positions as a part of an effort to control costs and drive efficiencies in the face of economic uncertainties ahead." The company also cited inflation, increased competition, and slowing growth in the sector. "We are taking the steps to right-size our cost structure across all areas of the organization," Jordan (Curaleaf Executive Board Member) said.
Monthly Q&A + Industry Trends Call.
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We are hosting our monthly Q&A and Cannabis Industry Trends Update call for subscribers on Tuesday. We will answer questions regarding our position monitor, our process, and legalization, as well as give an update on our state-by-state cannabis sales tracker.
Please submit your questions in advance to - You can also submit them live during the event, but chances are you will get a better answer from us by sending them in advance!
Cannabis Speaker Call.
We are hosting a Cannabis Legalization call on 11/30 at 2:00 PM ET with Zander Abrams, the Founder of the Cannabis Policy Forum.
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Zander Abrams and Hedgeye's in-house political expert, JT Taylor, will join us next Wednesday to discuss the implication of the November elections to the cannabis space, what the congress for the next two years will look like, chances of getting SAFE across the finish line during the Lame Duck session, and much more.
