Will U.S. or Canadian companies dominate the burgeoning legal marijuana business? The four biggest weed companies in the world, including two with valuations in the neighborhood of $10 billion, operate in Canada. But among the top 10, half are now in the U.S.
A key question has emerged as investors pour billions of dollars into the marijuana industry: Will it be U.S. or Canadian companies that win the race for cannabis supremacy?
Businesses in Canada licensed to grow and sell weed have a head start, thanks to their national government’s legalization of pot for adult use in October. They’re well funded and are touting their ability to export medical marijuana to countries around the globe that are relaxing restrictions.
Still, Canada’s population is smaller than…