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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
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The subscription service is currently unavailable. Please try again later.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...
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