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"We grew over 700 percent in order volume through the pandemic, and had a huge adoption of retailers showing interest and wanting to sign onto our platform," Dutchie CEO Ross Lipson says.
Cannabis retailers are charging between $1,000 and about $50,000 for prime shelf real estate, according to various reports. This development has boutique brands worried.
"It would blow your mind, how many dispensaries there are just in this town. Every other building is a dispensary," says Daniel Lewis, CEO of the Cowboy Cup. "How those guys are all making money, I don't know."
Marijuana Policy Project's Steven Hawkins, who has held senior roles at Amnesty International and the NAACP, emphasizes legalization as a "civil rights issue."
One cannabis storefront's executives reported that, at $100,000 a day, sales were only half of what they had been before the lockdown.
A prominent attorney discusses how major corporations view the marijuana industry.