62.4% of Cannabis Financial Leaders Think the Biden Administration Doesn’t Support Cannabis

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GreenGrowth CPAs, the leading accounting and professional services firm serving the cannabis industry, has released the industry’s first 2021 Cannabis CFO Survey. This 22-page report analyzes business and market outlook data from 75+ cannabis industry CFOs, CEOs, Founders, Controllers, and other financial leaders in 20 markets throughout the United States. Topics addressed in the report include: perspective on the cannabis business environment, progress recovering from the COVID-19 pandemic, outlook on raising capital, and assessing the potential impact of the Biden Administration.

Notable highlights from the 2021 Cannabis CFO Survey include:

  • 70.2% of cannabis operators feel the cannabis business environment is improving (… but only 28% of cultivators agree)
  • 18.2% of operators are stronger financially today than before the COVID-19 pandemic
  • 79.2% of operators are planning to raise capital, 19.5% through an IPO/RTO go-public transaction
  • 62.4% don’t think the Biden Administration supports cannabis, and 41.6% think we are 5+ years away from federal legalization

The insights in the 2021 Cannabis CFO Survey were self-reported a blend of multi-state operators, retailers, cultivators and ancillary service providers throughout the cannabis industry. For a deeper look, download the report for free at the GreenGrowth CPAs website

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