You are here
Home 🌿 Marijuana Business News 🌿 Vancouver marijuana storefronts blamed for licensed producers falling short of expectations 🌿Vancouver marijuana storefronts blamed for licensed producers falling short of expectations
Canada’s legal medicinal-marijuana suppliers are struggling, and part of the reason why is Vancouver’s illegal cannabis storefronts.
“There is no question it has been a challenge,” Tilray CEO Greg Engel said in a telephone interview. “The proliferation of illegal dispensaries has had a significant impact.”
In June, the Nanaimo-based company, one of the largest legitimate suppliers of cannabis in the country, revealed it was eliminating 61 of 187 staff positions. More recently, Engel told the Straight Tilray has delayed previously announced plans to expand from 60,000 square feet to an operation more than five times that size. “For now, we have ample inventory from our first facility to serve the market on a consistent basis,” he said.
According to information supplied by Health Canada, Tilray isn’t alone in failing to meet expectations for sales that were sky high when the federal government introduced its new framework for medicinal...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin