U.S. cannabis laws have created a patchwork of medical, recreational and no-use states. Bankers and business people will be watching the finances of Canadian cannabis companies very closely. Cannabis companies in the U.S. have mostly relied on private funding because without federal legalization banks could lose their federal charter for working with a marijuana company. “Cannabis legalization should, at the very least, eliminate one of the mechanisms that has overly-targeted marginalized populations,” said Taouss. This is a disadvantage when competing against Canadian cannabis companies that are “already building out not just national, but international, production and distribution networks,” he said.

Source: Forbes October 30, 2018 15:00 UTC