Billion-Dollar Threat To Cannabis Industry: A Pathogen That Decreases Weed Potency Could Quickly Wipe Out Revenue
Portfolio Pulse from Maureen Meehan
A pathogen called HLVd is threatening the cannabis industry by reducing the potency of cannabis crops, potentially causing billions of dollars in losses. There is currently no cure for the viroid. Curaleaf Holdings (CURLF) has managed to reduce HLVd detection in its crops to minimal levels. Leafly Holdings (LFLY) issued a report highlighting the value of the cannabis crop and the challenges faced due to lack of federal legalization.
July 30, 2023 | 2:54 pm
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Leafly Holdings issued a report highlighting the value of the cannabis crop and the challenges faced due to lack of federal legalization.
Leafly's report could draw attention to the value and potential of the cannabis industry, but the lack of federal legalization remains a significant challenge.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Curaleaf Holdings has managed to reduce HLVd detection in its crops, potentially protecting its revenue.
Curaleaf's successful management of the HLVd pathogen could protect its revenue and potentially increase its market value, especially if other companies struggle with the same issue.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80