SAN DIEGO, CALIFORNIA, US, October 5, 2022 /EINPresswire.com/ — The year 2022 has proven to be a difficult year for many markets and industries all over the world. One of the industries that took a toll and are considered to be in a depressed state is the California Cannabis Industry. As the year has continued to progress and heads towards the closing of the year, evaluations on cannabis businesses have continued to constantly shift. In previous years in the industry, cannabis business evaluations shifted on a quarterly basis. Evaluations in 2022 have progressively shifted on a monthly basis which is something that has never been seen before.
Although the constant drop in cannabis business evaluations and prices has been seen as discouraging for many operators in the industry it has proven to be advantageous to many larger companies and Multi-State Operators (MSOs). The plummet of prices for cannabis businesses has opened the doors for MSOs to begin moving in and acquiring distressed assets all across the state in order to expand the footprint and establish a presence in various markets all across California.
An example is Riverside County in the city of Palm Springs where a cannabis retail dispensary