U.S. markets open in 4 hours 11 minutes
  • S&P Futures

    4,571.50
    -4.25 (-0.09%)
     
  • Dow Futures

    34,617.00
    -5.00 (-0.01%)
     
  • Nasdaq Futures

    15,956.25
    -32.25 (-0.20%)
     
  • Russell 2000 Futures

    2,204.00
    -1.20 (-0.05%)
     
  • Crude Oil

    68.18
    +1.68 (+2.53%)
     
  • Gold

    1,769.90
    +7.20 (+0.41%)
     
  • Silver

    22.33
    +0.01 (+0.04%)
     
  • EUR/USD

    1.1302
    -0.0004 (-0.03%)
     
  • 10-Yr Bond

    1.4480
    0.0000 (0.00%)
     
  • Vix

    27.48
    -3.64 (-11.70%)
     
  • GBP/USD

    1.3278
    -0.0024 (-0.18%)
     
  • USD/JPY

    113.2920
    +0.0830 (+0.07%)
     
  • BTC-USD

    57,236.45
    +610.78 (+1.08%)
     
  • CMC Crypto 200

    1,458.03
    +19.15 (+1.33%)
     
  • FTSE 100

    7,136.04
    +6.83 (+0.10%)
     
  • Nikkei 225

    28,029.57
    +276.20 (+1.00%)
     

Cannabis Producers Could Be Making a Colossal Mistake in Dismissing This Threat

·3 min read
Cannabis Producers Could Be Making a Colossal Mistake in Dismissing This Threat
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

It has now been three full years since Canada legalized the recreational marijuana market on Oct. 17, 2018. In the early stages, marijuana producers in the country were generating strong growth numbers due to the new segment of the market opening up (previously, only medical marijuana had been legal). When cannabis producer Hexo reported its third-quarter earnings (for the period ending April 30) in June, its revenue of 22.7 million Canadian dollars was down 31% from the second quarter, in which sales were CA$32.9 million.