The biggest cannabis companies have shrunk their footprints, laid off thousands and grappled with balance sheets that reflect a turbulent market and a longer march to profitability than once imagined
Cannabis legalization has had wide-reaching effects and made its use more accessible and acceptable. Yet the days where sky-high demand was expected are gone.
From high flying to burnout, pot industry faces downturn five years post-legalization - Business News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
While regulations and attitudes have loosened since Canada legalized recreational cannabis five years ago, one industry leader says policy constraints and industry response mean there is still "a ton of room to go" before the industry reaches general acceptance.