Lagging profitability is partly due to companies' initial overestimates of consumer demand for marijuana. As a result, facility closures and inventory write-offs have forced many businesses to endure consistent and devastating blows to their profitability. After all, the legal cannabis market in Canada is valued at CA$2.4 billion this year, and household spending on legal marijuana overtook household spending on illicit marijuana for the first time ever. Read More...
2 Top Cannabis Stocks to Watch in September
Lagging profitability is partly due to companies’ initial overestimates of consumer demand for marijuana. As a result, facility closures and inventory write-offs have forced many businesses to endure consistent and devastating blows to their profitability. After all, the legal cannabis market in Canada is valued at CA$2.4 billion this year, and household spending on legal marijuana overtook household spending on illicit marijuana for the first time ever.
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