This study has several limitations including limited external validity and potential selection bias. The views of the interviewees may not necessarily generalize to all CRB owners or Certified Public Accountants in these two states or other states. However, repetition https://www.bookstime.com/ of themes indicating data saturation is a good indication that the responses would be similar if more CRB owners or Certified Public Accountants were interviewed. Finding participants for the study was difficult as many of those invited declined to participate.
Analysts look at pricing metrics such as average net selling price to analyze a company’s pricing power and performance. The falling price of the marijuana flower has squeezed companies and pulled stock prices down in the process. Comparing Q3 numbers in 2022 to a year prior, the price of a gram of marijuana fell 13% from $10.83 to $9.43—the largest price decrease ever across a 12-month period. The first wave of U.S.-listed cannabis stocks has been something of a disappointment. Shares of high-growth, multi-state operators (MSO) have slumped in the past couple of years as cannabis producers face pricing pressures in a fiercely competitive U.S. market. Looking at the most recent quarter, it beat analyst expectations and generated a thin 1-cent earnings per share, which is up from a 14-cents-a-share loss a year earlier.
Qualitative research is particularly well-suited for the “early stages of research” as in the case of a young industry such as cannabis (Belotta 2018, p. 2623). The grounded theory approach to qualitative research utilizes “systematical methodological procedures” to identify theories as they “emerge from the data” (Astalin 2013, p. 121). Grounded theory is particularly appropriate for research such as this study which seeks to generate theory based upon the reported data from participants (Savin-Baden and Major 2013). Grounded theory requires one to continuously compare and analyze data previously collected to the new data being collected to identify patterns and themes and produce theories. Interviews of participants are often used as a method of data collection in grounded theory research (Astalin 2013; Cooper and Schindler 2014; Savin-Baden and Major 2013).
Thus, the rise in stockpiling and positive demand among consumers and an increase in regions recognizing the product as essential for recreation and medicine are anticipated to further propel the cannabis market growth in the upcoming years. But no matter what you call it, business is booming in the cannabis industry, and investment opportunities are plentiful. Medical marijuana use is currently legal in cannabis accounting 37 U.S. states, with 21 of them also allowing adult use of recreational cannabis (NCSL, 2022). As more states legalize cannabis or expand existing regulations, more companies are sprouting up to meet growing customer demand, from growers to distributors to manufacturers of cannabis products. Investors are taking note too, with many people integrating marijuana stocks into their investment portfolios.
Certified Public Accountants must adhere to an extremely high standard of ethical conduct as provided by the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct and individual state codes of conduct (AICPA 2014). Unlike many business professionals, Certified Public Accountants obtain a license or permit to practice from the state(s) in which they provide services (AICPA 2016). A violation of ethics or “lack of good moral character” could potentially result in a loss of the Certified Public Accountant license, and therefore the potential loss of the ability to earn a living (AICPA 2016, p. 11). You’ll also want to do your due diligence before choosing investments, which means taking the time to research each company and staying up to date with the latest regulations.
Investing in the cannabis industry is risky, regardless of which stocks you choose. The AdvisorShares Pure US Cannabis ETF has declined by nearly 80% in value in just the past three years. The danger with the industry is that there’s often a lot of hype tied to it, but often, there isn’t a lot of substance to back it up, leading to disappointment later on. While many people have been hopeful of it for years, it has failed to materialize.
Sativa continue to grow, as evidenced by an increasing number of countries and states permitting its use for specific medical indications. Countries such as Germany, Finland, Israel, and Canada have taken bold steps in allowing medical marijuana use owing to its therapeutic benefits. Additionally, the recreational use of marijuanahas been legalized in more than 30 states in the U.S.
