Together with job cuts announced in April, Canopy estimates it can save as much as $C310 million and be profitable, helping it become the right size for Canada, and enter the US through Canopy USA.
“Today, there are two very different cannabis markets in Canada. One that’s legal, highly taxed and regulated, and one that’s thriving and illicit,” he said, estimating that the black market represents about 40 per cent of Canada’s overall cannabis sales. Canopy’s complaints about competition from the black market echo those made in California and other US states, as the marijuana industry lobbies for tax cuts, the ability to open more locations and other regulations that could favour it.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SkyNewsAust - 🏆 7. / 78 Read more »