The number of cannabis retailers seen around Los Angeles may suggest that the industry, which is valued at $13.2 billion, is booming, but it is facing a number of vexing difficulties, including oversupply and high taxes. “This year will be a reckoning for retailers,” said Michelle Mabugat, an attorney at Century City-based Greenberg Glusker. This Special Report looks at local cannabis companies and how they are faring.
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