US cannabis companies say Canadian competition is no threat

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Canadian cannabis companies have declared they're coming for the US, but their American counterparts say they're not worried

if cannabis is legalized federally, according to Vivien Azer, a Cowen analyst.

"They need federal legalization. They can do one-off deals, but whole acquisitions? I don't think so at this point," Sandelman said in an interview. Columbia Care CEO Nicholas Vita told Insider that deep pockets may not be enough for Canadian players to get a foothold in the American market.

 

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I'm not a fan of poutine-flavoured weed 😂

I smell a turf war.

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