Business

Canada’s cannabiz is a mess

By Alex Halperin
Jul 29, 2021

An MJBiz analysis found Canadian producers have sold less than 20% of their production since REC sales launched in fall 2018.  That astonishing figure highlights a host of struggles suffered by the fully-legal industry to the north. 

  • “Good stuff sells,” one consultant said, pointing to a potential root cause of the industry’s crises.

More unfortunate news from the Canadian market:

There are plenty of reasons to think Canadian operators will continue to struggle:

For much more detail, the essential follow is former Bacardi executive Rob McPherson, scourge of cannabis LinkedIn, who is spending his retirement mocking the business practices and money hemorrhaging ways of Canada’s largest PotCos.