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�J ■ 1 <br />. 1 <br />. 1 <br />. 1 <br />. 1 <br />. 1 <br />. 1 <br />. 1 <br />1 <br />! 1 <br />■ <br />REVENUE CHALLENGES FOR CANNABIS <br />The local legal cannabis market faces ongoing revenue <br />challenges due to several key factors. <br />' Regional unlicensed sellers continue to dominate, offering lower prices due to tax avoidance and fewer <br />regulations. <br />More cities allowing cannabis sales has increased supply, leading to price drops and reduced profitability. <br />Revenue declines began even before the cannabis tax rate was lowered on January 1, 2023. <br />Medical <br />%000.000 <br />61F 000 <br />7' OW,00 <br />- <br />k owl o�my <br />21000,000 <br />11OW1900 <br />r.i <br />r. <br />CL <br />L-a <br />W <br />W <br />W <br />�aJ <br />W <br />Au <br />L" <br />� <br />W <br />W <br />WJ <br />W <br />W <br />lj <br />W <br />W <br />70,000,000 <br />60,000, WO <br />50'000rOW <br />,, 000 <br />3 D,0W,0W <br />20,000,000 <br />iopopno <br />81 <br />- <br />0 <br />!9 <br />:9 9 <br />9 <br />Q <br />w7 <br />OF <br />Q <br />Q <br />9 <br />Q <br />q+7 <br />Cf <br />0 <br />or <br />C <br />O O O C <br />O O O o <br />5 <br />