As Benzinga recently reported, sales growth in Canada appears to be stagnating for the cannabis sector. According to Cantor Fitzgerald's Pablo Zuanic, the Canadian adult-use cannabis market “continued to decelerate in the third Quarter of 2022 when taking Year-Over-Year (YoY) trends, with Quarter on Quarter (QoQ) sales up 3%.”
In the United States, several cannabis multi-state operators (MSOs) are using different strategies to win the struggle against the illicit market. Since the beginning of the year, as an example, cannabis giant Tilray Brands Inc (NASDAQ:TLRY) plunged 32.61%, Canopy Growth Corp (NASDAQ:CGC) slid 38.60%, Curaleaf Holdings Inc (CSE:CURA) (OTCQX:CURLF) sunk 32.88%, Green Thumb Industries Inc (OTC:GTBIF) dived 38.02%, and Trulieve Cannabis Corp (CSE:TRUL) (OTCQX:TCNNF) fell 46.03%.
