As California, Nevada, Maine and Massachusetts appear set to join the growing list of states that have legalized recreational pot, one of B.C.’s biggest medical marijuana producers is seeing big opportunities in the American market.

After there were several successful ballot initiatives south of the border this week, B.C. will soon be the only West Coast jurisdiction between the Bering Sea and Tijuana where toking up is still restricted to medical use. But the people behind Tilray, the federally licensed cannabis production facility on Vancouver Island, aren’t concerned about losing their edge to rivals south of the border when Canada eventually legalizes pot.

“I think Canadian companies have a huge advantage based on the very tight regulatory framework that exists in the medical cannabis program in Canada,” Tilray president Brendan Kennedy said Wednesday.

That tight framework may have squeezed out many entrepreneurs interested in jumping into the legal medical marijuana business, but the lack of competition has allowed licensed...