"I think the taxation structure makes it extremely difficult to make money given the impact of that," said Seth Yakatan, co-founder at Katan Associates, during a dynamic Benzinga Cannabis Capital Conference panel discussion on the challenges and evolving landscape of the cannabis industry in California.

Want to know more about the state of California's cannabis retail? Tune in to the Benzinga Cannabis Capital Conference in Chicago.For existing subscribers, you can get direct access through our research platform. For new users, you can get instant access here!

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