Over the long run, the cannabis industry could provide a smorgasbord of growth for investors. Having already tripled global sales between 2014 and 2018, Wall Street has weighed in and expects worldwide weed sales to catapult by another 400% to 1,800% by 2030. The wide margin in Wall Street's forecast reflects the uncertainties associated with launching a high-growth yet still-nascent industry.
Yet at the same time, near-term prospects for the industry aren't as bright. It was long suspected that not every pot stock was going to be a winner, and we've begun to see a shakeout taking place throughout North America.
In particular, financing has become a front-and-center concern, with quite a few marijuana companies scrambling to cut costs and conserve their capital. How are cannabis stocks going to reduce their expenses after a two-year period of frivolous expansion and spending? Here you'll find five ways they'll make it happen.