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

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