Why Was San Francisco’s 420 Festival Cancelled? It Could Be a Sign of Challenges in the Cannabis Industry

 Why Was San Francisco’s 420 Festival Cancelled? It Could Be a Sign of Challenges in the Cannabis Industry

Organizers of the annual cannabis celebration on ‘Hippie Hill’ in Gold Gate Park say they didn’t get enough sponsorship dollars this year, reflecting broader concerns about the cannabis industry.

“I never like to think cannabis is all doom and gloom,” said Eli Melrod, CEO and co-founder of Solful. “It’s certainly having its challenges. I think we’ve had some rainy days, but I think the future…