Canadian VS American cannabis companiesCanadian government is always there to help. They will be helping to finance any OGI moves to the US once American legislation passes.
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Compared to the United States, Canada's cannabis industry has one major competitive advantage: A federal framework for legal marijuana means Canadian cannabis firms can access federal funding for research, expansion, and more.
Saskatoon, Saskatchewan-based cannabis nursery Mother Labs is a good example.
The nursery recently scored federal funding worth 1.8 million Canadian dollars ($1.4 million US), with plans for a western expansion.
The funding isn't free money for Mother Labs — it's an interest-free loan intended to match the company's own funds.
And the government doesn't just hand out capital to anyone who asks — Mother Labs CEO Brian Bain told MJBizDaily reporter Solomon Israel that the application process wasn’t easy.
Learn more about Mother Labs' Canadian government funding — and tips for finding government funding for your own cannabis business — in Solomon's story.