Sundial Growers' CEO Has a Warning for the U.S. Pot Market
The U.S. pot market remains illegal at the federal level, despite dozens of states passing legislation to permit it for either medical or recreational use. Full legalization could still be years away. And while there may be lots of excitement about that and removing many barriers for cannabis producers, that doesn't mean it will be a smooth ride for investors and businesses.
Canada legalized marijuana more than three years ago on Oct. 17, 2018, and companies there still struggle with profitability. Legalization has created many challenges for businesses, and one cannabis executive believes the U.S. will repeat many of the same mistakes Canada has made. That could be a big problem for cannabis investors.
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Source Fool.com
