4 Concerning Stats About Some of Canada's Top Cannabis Markets
The Canadian cannabis market is in big trouble. Canopy Growth (NASDAQ: CGC) was once seen as the industry leader, and now it's in what appears to be an endless spiral downward. Tilray Brands (NASDAQ: TLRY) withdrew a lofty $4 billion forecast this year after realizing the strength of the headwinds it's facing both internationally and in the Canadian market.
Just how bad is the pot market in Canada? Here are four numbers from cannabis data analytics company Headset that summarize the problems.
Headset tracks cannabis data for multiple Canadian provinces, with Ontario being one of them. Ontario is Canada's largest province and is a good gauge of how the industry is doing. And one of the most troubling numbers in Headset's recent data from last month is that average monthly store sales in the province have fallen by 20% over the past year.
Source Fool.com
