Canada's cannabis industry braces for increased competition as U.S. legalization looms larger

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Canada\u0027s advantage in cannabis is at the mercy of changing political tides. Learn why domestic rules are a burden for the industry in Canada.

two years ago, and the chamber remains less enthusiastic about legalization than the House, where Democratic lawmakers have a clear majority.Photo by Bryan Passifiume/Toronto Sun/Postmedia Network

“There are still concerns and misunderstandings about cannabis in the United States, simply due to the fact that it continues, for the most part, to be an illicit market,” said Stephen Ruffini, CFO and executive vice-president at Vancouver-based Village Farms International Inc.Article content “Looking for the rules as they are laid out and making sure your business plan is sound to those rules is really important,” he said. “It’s what we’ve done, and it’s what we’ll continue to do.”Article content

To be sure, even if the Act were somehow passed, it would take some time to see noticeable changes in the U.S. cannabis market.Article content

 

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