Legalizing marijuana a much tougher sell in the U.S. than Canada, this observer says

May 15 18:05 2018 Print This Article

Thomas George

Thomas George of investment forum Grizzle says that when it comes to the “green rush” of success that the marijuana industry is expecting in Canada, interested parties should be a little more circumspect about getting the same reception south of the border. In fact, the U.S. is far more divided over legalizing cannabis than we are in Canada, says George.

With Canada’s Senate expected to give final approval to Bill C-45, otherwise known as the Cannabis Act, sometime in June and the legalization of adult recreational use marijuana arriving by late summer, a brand new (and regulated) industry is about to take shape across the country. But as companies like Canopy Growth and Aurora Cannabis continue to ramp up production, we can wonder not only whether the transition will be rocky or smooth at the society-wide level but also whether there could be any spillover of Canada’s success at implementing the change into the United States.

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Cantech Letter

Founded in 2008 by Nick Waddell, Cantech Letter is an online magazine focusing on Canadian technology. The site has grown into one of the most popular and respected financial sites in Canada, and was described by Canadian Business Magazine as “one of Canada’s premier technology newsletters”. Waddell, who is Senior Editor, is routinely called on by the mainstream media for perspective on Canadian technology, and has been featured on BNN, CTV News Channel, and the CBC program “The Lang and O’Leary Exchange” in addition to mainstream print media such as The Guardian, The International Business Times, The Globe and Mail, Macleans, The Waterloo Record , Canadian Business, Slate, and Business Insider. You can email Nick at nick@cantechletter.com Cantech Letter is focused on those companies listed on the TSX and TSXV Technology, Cleantech and Life Sciences Sectors. Each year we present the Cantech Letter Awards, which honor Canada’s Top Technology Stock and Top Technology Stock Executive.

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