When Will Canadian Marijuana Stocks Be Profitable?Posted by On

Marijuana should be one of fastest-growing industries in North America this decade. There are currently tens of billions of dollars in cannabis sales conducted annually in the black market. If these sales can gradually be moved to legal channels via legalization, large-scale players should see plenty of profit potential.

However, our neighbor to north has completely face-planted in its attempt to be a global marijuana leader.

A cannabis leaf laid in the outline of the Canadian flag's red maple leaf.

Image source: Getty Images.

Canada’s pot industry has been a mess

Despite becoming the first industrialized country to legalize recreational cannabis, Canada and its more than a half-dozen well-known licensed producers have struggled mightily.

Part of this blame can be attached to national and provincial regulators. For example, Health Canada delayed the initial launch of…

Original Author Link click here to read complete story..



Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.