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Cannabis Trends: Canada Dominates

 


In these times of prohibition, our kindly neighbors to the north are looking more and more savvy. While the federal government in the United States continues to insist that marijuana has absolutely no medical benefit, making commerce exceedingly difficult for anyone working with state-legal weed, Canada began the process of making pot available to all adults as soon as Prime Minister Justin Trudeau took office in 2015. Now, with millions of marijuana dollars flowing through Canadian stock exchanges and recreational sales set to begin in 2018, the Canadian cannabis industry seems poised to dominate the globe.

In fact, just this past week Canada’s Aurora Cannabis announced a $2.5 billion merger with MedReleaf in an effort to expand operations in pot cultivation and growth.  The deal, the largest of its kind in the world, surpassed a similar deal involving Aurora merging with CanniMed Therapeutics for $1 billion.  Canada currently has 90 publicly listed cannabis-specific companies with an estimated total market capitalization of $31 billion.  With new momentum, Canada looks to expand on its promising start as it explores opportunities in Colombia, Italy, and Spain.

Image Source: MaraPharm Marijuana News

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