Last year was “the cannabis industry’s annus horribilis,” wrote Bloomberg’s David George-Cosh, who lamented overstocked, overpriced products in “unattractive packaging”—and the ongoing corporate reckoning across the sector.
Bloomberg
- Explaining “Why Canada’s cannabis bubble burst,” the BBC blamed inflated stock prices, a laborious rollout of retail stores frequently located far from population centres, and the high price of legal REC.
- The US is well-placed to become a major cannabis exporter, except the product remains federally illegal, so it will fall to Canada to continue meeting export needs. Materia Ventures CEO Deepak Anand discussed the banking challenges LPs face in going international.
New Hampshire Union Leader, Health Europa
Is there any good news? There’s been no apparent surge of addictive behaviour, impaired driving, or workplace accidents. Legalization doesn’t seem to have had much negative social impact.
Winnipeg Free Press
Due to hemp oversupply, US CBD prices are plummeting. This is ominous news for companies like Aurora, which announced major plans to target the US CBD market in November, and Canopy, which launched its US CBD brand First and Free in 31 states in early December.
Globe and Mail, CTV News, Bloomberg
