Oh Canada. We barely got to know you.
Marijuana businesses and investors seeking higher returns and more potential are looking beyond Canada’s relatively small and highly regulated market, according to analysts covering the still-nascent industry.
“Many investors we have spoken to have begun to rotate capital from Canada to the U.S. on the fear that Canadian players will be unable to capture growth south of the border,” CIBC World Markets analyst John Zamparo wrote in a research note about Canopy Growth’s conditional acquisition of New York-based Acreage Holdings for an industry-record $3.4 billion.
