Followers | 28 |
Posts | 1197 |
Boards Moderated | 0 |
Alias Born | 05/14/2014 |
![](https://investorshub.advfn.com/uicon/478670.png?cb=1475601573)
Thursday, January 04, 2018 8:35:55 PM
Echelon Wealth Partners analyst Russell Stanley said if marijuana continues to be illegal at the federal level, it will benefit Canada as this will suppress the rise of any large U.S. cannabis companies to challenge Canadian marijuana producers as they expand globally.
"It keeps the U.S. out of that game and it allows Canada to pursue these opportunities with relatively little competition," he said.
Cam Battley, the executive vice-president of Edmonton-based licensed marijuana producer Aurora Cannabis Inc. (TSX:ACB), called Sessions's stance "misguided public policy" that is counter to broader U.S. public opinion. However, he also said this will drive additional U.S. investment and investors north of the border.
"It cements the fact that we will not be seeing for the foreseeable future, well-capitalized U.S. competitors as we expand our operations around the world," said Battley. "And it just prolongs that unusual situation, where large-cap Canadian cannabis companies have the world to ourselves."
Look.. there are some real knuckleheads serving in U.S. politics, but I still don't believe the government is foolish enough to start sending rabid wolf packs after states that have legalized medical marijuana.. and just let Canada have all the early advantages.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM