Canadian regulations are stifling the cannabis business, report finds

Canada’s pot industry could end up being a lot smaller than previously thought, says a new report which claims Canadian cannabis companies are being hobbled by regulations when it comes to their ability to promote their products.

Chicago-based cannabis research firm Brightfield Group released its report on the situation so far as Canadians react to the newly opened adult-use cannabis market, with the report concluding that cannabis will present a total mature market of $5 billion a year by 2021, significantly less than what other sources have suggested and less than Brightfield’s earlier estimation of $8 billion.

Based on available data and the company’s own survey of 1,500 Canadian cannabis consumers, the report found a rapid slowdown in patient growth in the medical market, along with an inability of companies to market their brands due to federally applied restrictions.

“With the product type restrictions allowing

... read more at: https://www.cantechletter.com/2019/02/canadian-regulations-are-stifling-the-cannabis-business-report-finds/

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