Cannabis stocks have had a harsh comedown as investors' enthusiasm about the prospects for strong growth and blockbuster company mergers has dimmed.
"The big issue there has been an issue of oversupply," said Canaccord Genuity analyst Bobby Burleson. "This last earnings season you saw companies struggling from excess supply and shortfalls in demand." The Department of Justice is still reviewing several proposed deals that were announced late last year and early this year for possible antitrust concerns.
Government regulations remain hurdles for companies in the business of growing, distributing or selling cannabis. Still, industry analysts project the market for marijuana products will continue to grow over the next decade, which should bode well for cannabis stocks.
71,0000 Canadians just lost their jobs and 48% of Canadians are within 200.00 of not being able to pay their monthly bills while Trudeau keeps piling the carbon taxes on raising the cost of groceries...maybe politicians should deal with Canada’s DIRE ECONOMIC OUTLOOK.....
Incompetent Conservative Regional government. They can’t even sell stuff that people were once willing to go to jail for.
Here in Ontario you would think Ford would know how to sell weed but he has shown that is not the case. Idiots are running things so of course they are losing a shit ton of money in Ontario. People have gone back to dealers. 🤷♀️
Good!!! Now ban it🤷♂️
People are growing their own, giving the finger to Trudeau weed
Boycott fakelegalization
Poor quality weed marked up 300% certainly isn't helping but it's the persistent criminalization of users that really are a huge turn off. We were promised legal marijuana by the runt of pierre's litter JustinTrudeau and got an ironfisted monopoly instead.
well, their shit is expensive and we have a carbon tax to pay
charge less — sell more... VOLUME... it's the secret of retail success always has been. you kids don't know squat.
The entire country just harvested. You realize it's easy to grow right?
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