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One year on, Canada’s legal cannabis market is down but not out

“The Canadian market is still grappling with a severe shortage of retail outlets that has hampered the development of the legal pot market and allowed the black market to remain dominant, according to analysts and investors” writes Ciara Linnane for marketwatch.com. Without that opportunity to market a wide selection of products, it will continue to be harder to compete with the black market,” said Wilson. But that is not atypical of a new sector.” Cannabis Watch: Click here for all of MarketWatch’s coverage of cannabis companies. Canadian cannabis companies should be celebrating the first anniversary of legalized marijuana on Thursday, but the party atmosphere has been tainted by a sharp three-month selloff that has seen many companies surrender half their value or more.
 
Source: marketwatch.com



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