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News analysis

On the brink? After four legal years, Canada’s cannabis trade is in trouble

Written by || 19th April 2023 || News analysis | Cannabis – recreational | Marketing and retailing | GeographiesCanada North America

More than four years after Canada legalised cannabis, many cannabis firms are struggling – as Taylor Giovannini, founder of Newfoundland company Oceanic Releaf, told prime minister Justin Trudeau.

The heady early days of building a new industry fuelled by billions of dollars in investment have given way to high-profile layoffs and creditor protection for a number of companies.

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This article was written by one of CannIntelligence’s international correspondents. We currently employ more than 40 reporters around the world to cover individual cannabis and cannabinoid markets. For a full list, please see our Who We Are page.

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