Global cannabis investors souring on Canada’s potential

Six months after cannabis was legalized in Canada, many of the people who entered the sector in search of a financial windfall appear ready to turn their attention elsewhere.

“We’re very bullish on the globe, on the U.S. — not so much on Canada,” Loren DeFalco said Tuesday at a cannabis investors’ conference in Toronto.

DeFalco is a partner at CB1 Capital, a cannabis-focused investment advisory company based in New York. His sentiments were echoed, in whole or in part, by many other industry insiders speaking at the GMP Securities 2019 Global Cannabis Conference.