As investors and investments increasingly migrate towards cannabis, people should strongly consider Canada.

Cannabis Investors Should Look to Canada

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The U.S. market for cannabis is booming, holds immense promise for continued expansion but remains saddled with risks. With marijuana illegal under federal law, and the United States’ Attorney General Jeff Sessions continuing to question the wisdom of cannabis legalization — and even hinting at law enforcement crackdowns — investors in U.S. cannabis should be vigilant as they help to build one of the world’s next great industries.

Things are much different in Canada.

While Canada faces challenges covering everything from regulations to supply to manufacturing infrastructure, cannabis entrepreneurs and investors are not proceeding every day with the threat of national or provincial law enforcement professionals hampering business development and investments.

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Ottawa Makes Smart Move With Edibles

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We already know what Canadians are puffing —among others, we reportedly love the cannabis strains Romulan (created in British Columbia) and Lowryder, which thrives in cooler climates.

But soon, we will know what kinds of cannabis treats Canadians are nibbling, too.

In a pivot that we champion, Ottawa announced this month that it no longer plans to ban edible cannabis products from store shelves in Canada. We won’t see edibles until a year after recreational sales are legal, which is scheduled for July 1 of next year. But at least we are on the proper path.

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Ontario Heads in Smart Direction

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Ontario has issued its plans for how to implement cannabis legalization once it becomes national law, and we believe there is much to champion in the province’s approach towards building a smart regulatory framework that benefits consumers, businesses and government.

As owners of cannabis grow facilities in different provinces, we are eager to begin working with regulatory bodies as they begin drafting rules. We of course fully embrace rules that provide wide latitude to consumers and businesses, but we also endorse a framework that offers clear and sturdy structure to the ways in which we conduct business, shop and consume. Ontario’s efforts reflect a legacy of hard work on the part of provincial staff and quite a bit of regulatory savvy.

This has been a long time coming.

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U.S. Cannabis Experience Holds Promise for Canada

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If Canada’s experience with legal recreational marijuana parallels what is taking place in U.S. states, we have much to anticipate in terms of entrepreneurial ferment, job creation, wealth expansion and boosted tax receipts.

Legal recreational marijuana has been the law of the land in Colorado for three and a half years, and a little more than three years in Washington. Oregon staggered its roll-out of recreational marijuana between 2015 and last year, Alaska’s and Nevada’s programs are up and running, and soon to follow are Massachusetts, Maine and the cannabis behemoth known as California.

And in Canada, we are marching towards nationwide legalization sometime next year.

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