Retailers prioritizing profits over footprints

Cannabis entrepreneurs used to be judged by how quickly they could grow their footprint. 

They tried to “open more stores, win more shelf space, and scale before the market tightened,” John Yang CEO of retail tech platform Treez said.

But things have changed as markets have compressed and capital became harder to find. Cannabis industry benchmarks from Northstar show gross margins for dispensaries in open-license markets have compressed to roughly 38% to 42%, compared to 58 . . .