Canada's Cannabis Growth Slowed Due To Federal Gov Inaction, Key Industry Leader Says
Portfolio Pulse from Patricio Liddle
Canada's legal cannabis industry is facing a decline in sales and increased bankruptcy filings, attributed to federal government inaction. Omar Khan of High Tide Inc. criticizes the government's lack of engagement, while provinces like Ontario and Alberta take steps to boost legal cannabis accessibility. The federal-provincial disconnect and falling flower prices are contributing to the industry's struggles.
August 28, 2024 | 12:57 am
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High Tide Inc. is affected by the federal government's inaction on cannabis policy reform, which is contributing to a decline in sales and increased bankruptcy filings in the industry.
High Tide Inc. is directly impacted by the federal government's slow policy reform, which is leading to a decline in the legal cannabis market. The company's growth potential is hindered by the lack of federal engagement, as highlighted by Omar Khan.
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