Meanwhile, the prime minister of Canada recently made the promise that recreational marijuana would soon be made legal at a federal level. Which in stark contrast to the United States means that the industry as a whole will be 100% open and follow the same rules as any other industry. From banks to lenders to employees to tax policies and so on, federal freedom will make it a pot industry that’s not even comparable to that of the US. And while it hasn’t yet happened, it’s something of an inevitability that when the Canadian industry begins finding its feet, there will undoubtedly be a knock-on effect for marijuana businesses further south.
As it stands, coming across any real investment or investor interest in the American marijuana business is a no-go area. By contrast, the fact that the industry in Canada will be infinitely freer will make it a much more appealing prospect for investors. It’s therefore expected that vast sums of cash will be pumped into the Canadian cannabis market, to such an extent that it will explode well and truly beyond the realms of anything the US market can come close to.
From the creation of new strains of cannabis to the development and patenting of products to new arms of the weed industry not even dreamt up to date, Canada is pretty soon going to be showing the US how it’s done. Unfortunately, much to the detriment of those currently working hard to make a go of it in the States. Long-term, there’s already grave concern among American marijuana dispensary owners that they’ll be left behind in the dust.