A bummer for Canada's legal pot market: Weed shortages [CBS News]
Aurora Cannabis Inc. - Common Shares (ACB)
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Source: CBS News
A bummer for Canada's legal pot market: Weed shortages TORONTO - The store's name is High North, but it might as well be called High and Dry because for all but about four hours of the first two weeks since marijuana was legalized in Canada, it had no pot to sell. Trevor Tobin, one of the owners of the Labrador City shop in Newfoundland and Labrador, said they went 10 straight days without supply. "The producers keep saying there will be some bumps in the road, but right now it's not a bump in the road. It's a big pothole," he said. His mother, Brenda Tobin, is a part-owner and said after she tells customers there's nothing to buy, "a lot of them are saying, 'Oh, well. I guess it's back to the black market.'" Legalization arrived Oct. 17 , and Canada became the world's largest national marketplace for so-called recreational marijuana. But for now, it's a superlative in name only. The first weeks have felt more like a soft opening with few retail outlets operating and rampant supply
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- 2/8/24 - CANACCORD
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- 3/1/24 - Form 6-K
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- ACB's page on the SEC website