More Bad News for the Canadian Marijuana IndustryPosted by On

Few industries offer as much promise this decade as marijuana. After generating $10.9 billion in worldwide sales in 2018, Wall Street analysts are forecasting anywhere from $50 billion to $200 billion in global sales by 2030. While not every pot stock can be a winner, these would appear to be incredible growth figures for investors to piggyback on.

However, there’s been a wild divergence to date between the U.S. and Canadian cannabis markets.

A dried cannabis bud and small vial of liquid next to a Canadian flag.

Image source: Getty Images.

Canada completely blew its chance to be a cannabis leader

Despite the U.S. federal government’s failure to legalize weed, quite a few marijuana stocks have flourished. We’ve witnessed two-thirds of all states legalize medical cannabis, with 11 states permitting adult-use consumption and/or retail sale. According to the latest edition…

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