What to know about the US legal cannabis market in 2020 – Quartz
Two short years ago, the cannabis industry was frothy with cash. In 2018, US venture capital investment in cannabis companies topped $900 million, and the combined value of roughly 200 merger and acquisition deals was more than $15 billionmore than a third of which came from tobacco and alcohol companies. The moment was often compared to the dot-com bubble of the 1990sas was the bust that followed. Cowboys with ample cash and minimal expertise built a house of cards with questionable business mo…
