Associate Professor of Operations Research Michael Armstrong wrote a piece recently published in Grow Opportunity discussing challenges faced by the retail cannabis industry since legalization in October 2018.

He writes:

“In the six years since Canada legalized recreational cannabis in October 2018, Ontario’s cannabis retailers have had a wild ride. Long waits for store licensing were followed by several years of rapid expansion and then a struggle for profitability.

Last year was tough for many store owners, and the next one might be worse. But the provincial treasury is doing fine.”

Continue reading the full article on the Grow Opportunity website.