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Canadian Cannabis Market: 5 Years Post-Legalization, A Struggle for Success

Canadian Cannabis Market: 5 Years Post-Legalization, A Struggle for Success

Five years after the legalisation of cannabis in Canada, the country’s cannabis industry is facing economic struggles and survival challenges. Overregulation, oversupply, and limited opportunities for domestic producers to expand internationally are some of the key factors contributing to the industry’s difficulties. Despite the initial excitement and investment, many cannabis companies are now generating little to no profit and have been forced to downsize and lay off workers. The economic benefits that were anticipated from legalisation have not fully materialised, and the industry is grappling with finding the right balance between public health and building a thriving cannabis market.

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