Blame It on Ontario: Why 1 Province Is the Main Culprit Behind the Canadian Cannabis Industry's Woes
Earnings season for the major Canadian cannabis producers has come to a close. And good riddance. All of the big players posted dreadful results in the latest quarter.
Some of those poor performances were due to bad decisions on the part of the individual companies. Canopy Growth (NYSE: CGC), for example, recorded a massive adjustment that resulted from returns of cannabis oil and softgel products. The big cannabis producer shipped way too much product in anticipation that oils and softgels would sell more than they did.
However, there was one overriding common denominator among the big Canadian cannabis companies' rotten results: Blame it on Ontario. Here's why this one province is the main culprit behind the Canadian cannabis industry's woes.
Source Fool.com
