Preview: Labor costs are challenging for the cannabis retail industry.
The retail industry’s success has taken a turn for the worse.
The retail industry is huge — according to a report produced by eMarketer.com, in 2014, retail sales were more than $22 trillion, and almost every year, roughly 67 percent of the United States gross domestic product (GDP) is derived from retail consumption.
However, in recent years, the retail industry’s success has taken a turn for the worse.
Many consumers now prefer to shop online, rather than in traditional brick and mortar stores.