1 in 4 Cannabis Retailers Are Raising Prices to Fight Rising Inflation Costs

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LOS ANGELES, August 8, 2022 /PRNewswire/ — GreenGrowth CPAs conducted a month-long survey in the summer of 2022 asking operators a series of questions regarding the impacts of inflation on their cannabis operations. And according to their findings, 1 in 4 operators said they plan to raise prices in the near or immediate future to combat rising costs from inflation. Of the respondents who took the survey, more than 50% believe the cannabis business environment has declined over the past 12 months.

“The cannabis business landscape is constantly changing,” said GreenGrowth Founder and CEO, Derek Davis. “And, in order to provide accurate financial data to our clients, we must consider the economic impacts of rising inflation costs, as well as other factors that can impact the business performance of cannabis companies. By surveying our customers and cannabis operators in general, we are able to compile enough data to provide a detailed analysis of how cannabis operators are feeling today’s economic pressures.”

For more information on the full survey analysis, Click here to download the digital report.

As a leading national cannabis accounting and advisory firm, GreenGrowth CPAs was founded in 2016 and is dedicated to helping cannabis businesses identify and implement tax strategies and businesses to increase cash flow while ensuring they are in full compliance with all rules and regulations. . They are known for their vast knowledge base on blog posts and youtube videos educate cannabis operators at each stage of the economic cycle. For more information or to make an appointment, Click here to start.

For more information:
please contact GreenGrowthCPAs.com
10250 Constellation Blvd.
Los Angeles, CA 90067
1-800-674-9050
[email protected]

Media Contact:

CPA GreenGrowth
Danielle Gomez
Marketing Manager
1-800-674-9050
[email protected]

SOURCE GreenGrowth CPA

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