With the Cannabis space race about to reach the final stretch, what are some of the pitfalls to look out for? We’ll keep you updated on all the weed news that’s fit to print, but in the meantime here are some tips.
Since the US government’s view on cannabis is shifting, we thought we’d explore what is happening in the Canadian and International Cannabis industries. What we found was a flurry of innovation and development, and more and more players embracing the space, and looking to dominate their respective segments. As we write this there are over two dozen companies and initiatives under development, and more launching every day.
It has been more than a year since I started writing about legal cannabis and while we have made great strides in Canada, we still have a long way to go. While we may have the largest medical cannabis system in the world today, we still need to make big changes to bring it up to speed with what we have in the U.S. and other western countries.
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The cannabis space race is a big one. We’ve seen a number of private equity firms enter the space with plans to invest in a range of a “cannabis-dedicated” companies, from cultivators and distributors to testing labs and retail outlets. Perhaps the most prominent of these is Tilray, a Canadian firm that raised over �100 million in �8.8 million in a series of funding rounds in 2016 and 2017. A number of other firms have also recently reported large financing rounds of their own, including Cronos Group, GW Pharmaceuticals, Choom Holdings, and others.. Read more about space face strain culta and let us know what you think.
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