Cronos GroupMedMen, the Los Angeles-based "unicorn" of cannabis retailers, has positioned themselves for an opportunity to place a stake in the slowly growing global cannabis market. On Monday, the billion dollar company announced a first-of-its-kind cross-border joint venture with Cronos Group, the Canadian licensed medical cannabis producer, manufacturer, and distributor. It's going to be a great addition to the Canadian market, especially because there are no retail stores here." But the MedMen/Cronos collaboration also sheds light on another trend: America's fascination with Canadian cannabis. Yi explains that the Canadian market is about the size of the California market: huge, in other words.

Source: Forbes March 23, 2018 22:52 UTC