Donald Trump Presidency Will Give Canadian Pot Firms a 'Head Start'
Canada's medical-cannabis companies say their American counterparts will continue to be stifled under the upcoming Trump presidency, during which Canadian growers will scale up to meet the domestic demand for recreational pot while preparing to enter the U.S. market as global industry leaders once prohibition there ends.
Last Tuesday, voters in California, Massachusetts, Nevada and Maine legalized the sale of recreational marijuana, joining four western states and Washington, in allowing adults to use the drug. Florida, Arkansas, Montana and North Dakota also voted for medical cannabis, which is now supported by a total of 29 states.
While one in five Americans will soon live in jurisdictions that have legalized recreational cannabis, president-elect Donald Trump has said he is against changing a federal law prohibiting the drug. That means the growth of U.S. companies will likely be stymied over the next four years by a number of barriers, including the inability...
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