Canadian government is always there to help. They will be helping to finance any OGI moves to the US once American legislation passes.
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.