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IGNITE opts to pull out of cannabis in Canada

The consumer packaged goods company, IGNITE International Brands, Ltd., is pulling up its Canadian cannabis stakes and is none too shy about why it feels the move is a good one: product marketing, sales and distribution restrictions.

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“We applaud the Canadian government for leading the way in legalizing cannabis, but, unfortunately, there remain too many barriers to build a successful cannabis business,” IGNITE CEO Dan Bilzerian said in a statement.

The global lifestyle brand is expanding its portfolio of products worldwide and “our sales are booming except for cannabis in Canada,” Bilzerian reports.

John Schaefer, IGNITE president and chief operating officer, reports that “third quarter

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