David Klein Friday, October 6, 2023, 12:49 PM ET
1249 ET - Canopy Growth CEO David Klein says he has been negatively surprised by the stickiness of the illicit cannabis market in Canada and the lack of enforcement by regulators five years after adult-use cannabis was legalized in the country. The comments came during a panel held by Alliance Global Partners, whose analyst, Aaron Grey, says in a note that illicit sales still make up 28% of the category as of 2Q. Still, Klein and executives from other cannabis companies on the panel believe the legal market will continue to gain share, the analyst says. (dean.seal@wsj.com)