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Canada Or US: Which Cannabis Industry Is Better Positioned To Go National?
Canada Or US: Which Cannabis Industry Is Better Positioned To Go National?
By Lauri Kibby of Kings Garden
Cannabis industry optimism in the United States is mounting alongside increasing expectations for national legalization.
Skeptics, however, point to the Canadian experience and suggest we temper our enthusiasm. To be sure, years removed from 2018 legalization, most marijuana producers in Canada are still reporting losses.
Cannabis has substantial potential in Canada, but it has been a bumpy ride so far. At first, producers were not prepared with enough supply to meet demand. There was a substantial backlog in orders, and producers were not sure what products or strains would be popular and where.
Cannabis industry optimism in the United States is mounting alongside increasing expectations for national legalization.
Skeptics, however, point to the Canadian experience and suggest we temper our enthusiasm. To be sure, years removed from 2018 legalization, most marijuana producers in Canada are still reporting losses.
Cannabis has substantial potential in Canada, but it has been a bumpy ride so far. At first, producers were not prepared with enough supply to meet demand. There was a substantial backlog in orders, and producers were not sure what products or strains would be popular and where.
Now there is too much supply. Rosy projections have been slow to materialize in a tightly regulated distribution system that largely bans advertising and marketing. This government intervention has hindered sales and made it difficult to balance supply with demand.
Why 2021 Should Prove The Year Of Federal Cannabis Legalization Wednesday, 28 April 2021
Canada has already legalized pot; Mexico is likely to legalize it soon. The U.S. must not fall behind.
President Biden is not there yet. Neither are Republicans in Washington. But the wave of momentum toward nationally legalized cannabis only continues to mount. It is time lawmakers in the Capital get on board with what a majority of the American citizens they represent want.
There are signs of progress. The U.S. House recently passed a bill to decriminalize cannabis at the federal level, the first of its kind. When Democrats won control of the Senate this year, the change paved a potential path for legislation in that chamber as well. Senate Majority Leader Chuck Schumer (D-NY) said this month he intends to soon introduce a federal cannabis legalization bill.
Why 2021 Should Prove The Year Of Federal Cannabis Legalization
Why 2021 Should Prove The Year Of Federal Cannabis Legalization
By Lauri Kibby
President Biden is not there yet. Neither are Republicans in Washington. But the wave of momentum toward nationally legalized cannabis only continues to mount. It is time lawmakers in the Capital get on board with what a majority of the American citizens they represent want.
There are signs of progress. The U.S. House recently passed a bill to decriminalize cannabis at the federal level, the first of its kind. When Democrats won control of the Senate this year, the change paved a potential path for legislation in that chamber as well. Senate Majority Leader Chuck Schumer (D-NY) said this month he intends to soon introduce a federal cannabis legalization bill.