We help you navigate the challenges of the industry and drive your growth agenda.
The cannabis industry is blossoming. With the adoption of the Cannabis Act on October 17, 2018 by the Federal Government, the sector is expected to grow as producers, manufacturers, and companies from across the value chain embrace opportunities in both the recreational and medical markets.
Where there is opportunity there is also uncertainty. Disruption in the sector is a question of when, not if, as existing companies grow, large adjacent players may enter and the regulatory environment continues to evolve. If you are a cannabis company, an investor or potential investor, you know there are considerable issues and challenges rapidly approaching.
Our dedicated cannabis specialists can help you navigate the road ahead. We will help you identify and secure the right strategies, capabilities, partnerships and tools for success.
For years, registered patients in Canada have had legal access to medicinal cannabis, and with the adoption of the Cannabis Act on October 17th, 2018, Canada has become the first G-7 country to federally legalize adult-use cannabis.
Although the markets have fallen since legalization, overall strong performance means early investors have been handsomely rewarded for taking the leap into the cannabis industry.
To create value, cannabis companies will need to navigate their way through a maze of possibilities.
For long-term success, cannabis companies need to adopt technology as a critical capability
Given the current fragmentation in the cannabis industry, it’s not surprising that cannabis companies who are flush with cash and have access to relatively cheap capital are on a buying spree.
With the adult-use cannabis market now legalized the reality of overcapacity in the marketplace, weak business structures and inexperienced management teams have begun to become more apparent.
Even before adult-use cannabis legalization came to Canada companies were looking over the horizon to international markets.
Since adult-use cannabis legalization, scores of companies have had their business plans put to the test. Within the first weeks of adult-use legalization supply shortages and shipping delays underscored the current market issues.
The revolutionary legislation for the legalization of recreational cannabis is set to be enacted in 2018, compelling Canadian institutions to reshape how they operate legally, socially and economically. To bring this legislation to market in a responsible way, many regulatory and operational changes must be made.
We help you navigate the challenges of the industry and drive your growth agenda, PwC Canada
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