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Canada's Marijuana Industry Has a New Problem

Canada's Marijuana Industry Has a New Problem

For years, cannabis stocks were the greatest thing since sliced bread on Wall Street. The expectation of ongoing state-level legalization in the U.S., coupled with Canada becoming the first industrialized country in the modern era to give marijuana the green light, was forecast to send pot stock valuations into the heavens -- and for a period of time this is precisely what happened. Supply issues have been persistent throughout Canada, whereas exorbitant tax rates on legal weed remain problematic in the United States.