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‘Capitalistic’ America Faces Canada Fight for Cannabis Supremacy

  • Canada has legalization head start, U.S. has consumer brands
  • Federal approval in the U.S. could upend the global market
Bloomberg business news
U.S. Fights Canada in Battle for Cannabis Supremacy

A key question has emerged as investors pour billions of dollars into the marijuana industry: Will it be U.S. or Canadian companies that win the race for cannabis supremacy?

Businesses in Canada licensed to grow and sell weed have a head start, thanks to their government’s legalization of pot for adult use in October. They’re well funded and are touting their ability to export medical marijuana to countries around the globe that are relaxing restrictions.