Canada ‘Blew’ Its Chance to Be the World’s Pot Leader
- U.S. pot firms have taken the lead despite federal illegality
- Harborside, Jushi to being trading in Canada on Monday
A worker stands outside a greenhouse in cannabis production facility in Fenwick, Ontario, Canada.
Photographer: Galit Rodan/Bloomberg
This article is for subscribers only.
Canada “blew it” on cannabis legalization and is rapidly losing ground to the U.S. as a result, according to the founder of one of the top investment bankers to the industry.
A lack of policy innovation, a messy patchwork of provincial regulations and severe restrictions on marketing and branding have left Canadian pot companies eating the Americans’ dust, according to Neil Selfe, founder and chief executive officer of Infor Financial Group Inc.