A preliminary report by a government-appointed panel of experts analyzing Canada’s adult-use legalization law paints a bleak picture of the nation’s 5.6 billion Canadian dollar ($4 billion-plus) cannabis industry, documenting significant bankruptcies, major racial disparities, piles of unpaid business taxes and a host of other issues.
The 113-page document – issued five years after the landmark 2018 Cannabis Act – is part of a “what we heard” report that summarizes the five-member panel’s meetings with hundreds of stakeholders, executives and health experts.
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“A main message from industry representatives was that, despite the growth of the legal cannabis market, companies across the supply chain are struggling to realize profits and maintain financial viability,” the report said.
The next phase of the panel’s work includes preparing a final report for the country’s federal health and addictions ministers.
That document is expected to include an assessment of the 2018
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