‘Don’t smoke the Kool-Aid,’ analyst says in sober note on the cannabis sector

Ciara Linnane
‘Don’t smoke the Kool-Aid,’ analyst says in sober note on the cannabis sector

MKM Partners initiated coverage of five Canadian cannabis companies and two U.S. multi-state operators on Friday with a cautious outlook, arguing that the current business model of cultivation will become commoditized and make it difficult for companies to build strong brands.