In
Since our previous publication, a lot has changed from a regulatory perspective in the Canadian cannabis industry since the Cannabis Act came into force in
Thus far, the developments in the Canadian cannabis industry have been far from expectation. The slow roll-out of licenses, the glacial pace of brick-and-mortar store openings, a robust illicit market and the regulatory outlook of the Canadian government have all posed a hurdle to the initial growth expectations of the market. In late 2019 and early 2020 the industry was marked by layoffs, weak financial results, and executive departures.
Part 2 of our cannabis valuation in
Changes in the Regulatory Environment Since Legalization
The Canadian cannabis regulatory environment has experienced a number of changes since
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