1) The commercial pot market isn’t as big as it looksHere’s a short list of what should worry prospective investors in the nascent Canadian cannabis industry. But that assumes the black market and homegrown pot will simply disappear, and be absorbed by the legal market. The black market will thus enjoy a cost advantage over the legal market. 4) Patchwork regulationOttawa has been exceedingly deferential to other levels of government in helping shape a legal pot industry. The result is a patchwork of regulations that ensures the legal market will be less efficient than the black market.

Source: thestar November 17, 2017 15:56 UTC