Soon after initial ‘bubble’ in cannabis stocks, analyst expects about a half dozen organizations to survive, thrive.
As the 1-year anniversary of the legalization of recreational cannabis approaches, an sector professional says the Prairie provinces are outpacing bigger players Ontario and Quebec in the Canadian marketplace with a smoother rollout and stronger sales.
“Manitoba and Saskatchewan are generating Ontario and Quebec appear extremely terrible,” mentioned Chris Damas, editor of BCMI Cannabis Report, a newsletter for cannabis investors in Canada and the U.S.
In the two biggest provinces, Damas mentioned poor regulatory frameworks and slow-to-open shops meant the sector underperformed in its initial year. He praised the framework in Alberta, Manitoba and Saskatchewan for permitting private retailers to sell solution and opening the door to e-commerce.
– Study the whole short article at CBC News.