Economy
Small businesses in the cannabis industry are struggling
As Delta 9's John Arbuthnot explains, "red tape, high taxes and low margins are hurting profitability. As a result, more and more of the industry's smaller companies are being bought out by the bigger players. He says, "Canadian cannabis and the retail segment are now reaching a saturation point. Consolidation is going to be a key theme going forward. But beyond that, he appeals to the government to cut red tape and taxes, one of the things that undermines the Canadian cannabis market the most: "We really need the government's support to come in and look at this overall structure that we've created for the industry in terms of regulation and taxation, say what's working and what's not and make some changes quickly."