It’s no secret that the number of business relationships between American and Canadian cannabis interests has skyrocketed since federal legalization went into effect north of the U.S. border.
From a high-level perspective, it’s a simple trade: money for market access. That’s particularly true in California, which has no in-state residency requirement for cannabis companies and is one of the most attractive – and sizable – marijuana markets in the United States.
“Anecdotally, it’s certainly in the hundreds of millions of dollars, if not more. So, it’s vast,” California marijuana attorney Joe Rogoway said about the scope of business dealings between Canadian interests and California MJ companies.
While the actual number of deals is hard to pin down because many simply aren’t made public, one benchmark is a June report from the Canadian Securities Exchange (CSE),