Prairies ‘Bright Spot’ in Canadian Cannabis Market place as Legalization Anniversary Nears, Professional Says

[ad_1]

Following initial ‘bubble’ in cannabis stocks, analyst expects about a half dozen corporations to survive, thrive.

As the 1-year anniversary of the legalization of recreational cannabis approaches, an business professional says the Prairie provinces are outpacing bigger players Ontario and Quebec in the Canadian industry with a smoother rollout and stronger sales.

“Manitoba and Saskatchewan are producing Ontario and Quebec appear quite undesirable,” stated Chris Damas, editor of BCMI Cannabis Report, a newsletter for cannabis investors in Canada and the U.S.

In the two biggest provinces, Damas stated poor regulatory frameworks and slow-to-open retailers meant the business underperformed in its 1st year. He praised the framework in Alberta, Manitoba and Saskatchewan for permitting private retailers to sell solution and opening the door to e-commerce.

– Study the complete write-up at CBC News.



[ad_2]

Latest posts