Canada’s cannabis firms plot world domination
Being in the first big country to legalise pot means first-mover advantage
IT IS rare to see the words “Canada” and “world domination” in the same sentence. The country’s cannabis producers want to change that. With an eye on October 17th, the date on which recreational marijuana will become legal, medical-cannabis firms have been expanding at home and talking up their global ambitions in a most un-Canadian way. Lots of joint ventures—in the legal sense—are being signed abroad. The hope is that having a base in the first large country to make pot legal for adults (Uruguay legalised cannabis in 2017) will give them an unbeatable lead.
This article appeared in the Business section of the print edition under the headline "Pot of gold"
Business July 7th 2018
- Chinese and US tech giants go at it in emerging markets
- The fashion for agile management is spreading
- China’s new $15bn tech fund emulates SoftBank’s Vision Fund
- Shortages of carbon dioxide in Europe may get worse
- New auto tariffs would batter German carmakers
- Canada’s cannabis firms plot world domination
- Amazon takes a big step into online pharma
- Glencore faces a DoJ probe stretching from Africa to the Americas
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