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Why is Canada's cannabis industry struggling to turn a profit?

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Canopy Growth, one of the prominent names in Canada's legalized cannabis industry, is laying off one-third of its workforce and shutting down its headquarters in Ontario — a sign of the times as the cannabis industry struggles to turn a profit. With an abundant supply of cannabis post-legalization, it's led to a drop in price which may be good for consumers - but bad for companies. Jay Rosenthal with The Peak Daily podcast joins Global's Anne Gaviola to talk about what you should know about the current state of the cannabis industry in Canada.

Cinemas in the country, and even outside of Canada, are noticing difficulty when it coms to getting even older viewers back into their seats, with a plethora of streaming services now competing for their attention. In response, the theatres are looking for new ways to attract guests and Gaviola and Rosenthal talk about what theatres could do to bring in more.

And the pair talk about the drop in shares for Alphabet, after the company's Bard artificial intelligence made a factual error during its demonstration, leaving many questioning its competency.

For more info, please go to For more top business and tech news, visit The Peak Daily at https://readthepeak.com/shows/the-peak-daily

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Category
U.S. & Canada
Tags
global news, Cannabis, Canopy Growth
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