The US cannabis industry legalized it, but it's collapsing lol

First of all, legalization has mostly happened at the state level.
At the federal level, it is still treated as illegal.
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Cannabis is classified as a Schedule I drug (even though methamphetamine is Schedule II..)
There is a law that companies producing Schedule I drugs cannot deduct expenses from their taxes.
Revenue minus profit, then after paying taxes, they end up in the red.
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Instead, prices have become cheaper,
so illegal routes that don't have to pay taxes are still booming lol