CNN: CEO’s ouster at Canopy Growth highlights growing pains for cannabis industry

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Via CNN Business San Francisco:

San Francisco (CNN Business)Bruce Linton, founder and co-CEO of Canopy Growth, seemed unfazed last month when his company’s stock sunk after a poor financial showing. Now he’s out of a job.

Linton heralded Canopy’s potential, telling CNN Business last week that his firm — the world’s largest cannabis company — was well-positioned to dominate its emerging industry for years to come. The Canadian cultivator, manufacturer and seller of cannabis products, however, soon would become a company in flux.

On Wednesday, Linton told CNN he was fired. The executive shake-up at Canopy highlights not only the challenges cannabis firms face in trying to meet sky-high expectations, but also the maturation of a long-illicit substance into a legitimate industry.

Read full article here.

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