Pandemic the last straw as cannabis companies slide off their high

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The cannabis bankruptcy filings are starting to roll in. Already plagued by a tough regulatory environment, disappointing sales and capital markets that had closed to all but the strongest companies, the industry is now facing a pandemic-related collapse in stock markets and ever-shrinking financing options. Pot companies completed two capital raises worth just $5.6m the week ended March 27, according to data from Viridian Capital Advisors. .en.

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