I live in Toronto and just got back from my morning 5k walk. I passed 7 cannabis shops and 3 places that used to be cannabis shops. That same route has 6 bars (and dozens of restaurants…)

That ratio of watering holes to weed shops seems a bit off.

> "Others say it's simply a matter of too many players and too much production that far exceeds demand."

This is the real problem: there was a ton of money poured into the industry at the beginning and now there is a ton of people, all who have no idea what the sunk cost fallacy is, getting more money and trying to ride it out and be among the last few companies standing.

An old colleague of mine is the CEO of one of the ground breakers in the industry (started with medical cannabis years ago) so watching his company ride this bronco has been interesting.