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vol 14, num 3 | November, 2018 |
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The Highs and Lows of Serving Canada’s Newest Emerging Market: Financial Strategies to Manage the Opportunities and Risks of the Cannabis Sector |
As Canada moves toward marijuana legalization in 2018, the cannabis industry is quickly emerging as one of the most promising Canadian markets. Early estimates predict that the medical/recreational cannabis industry will reach $10 billion by 2020, offering exciting opportunities for astute entrepreneurs.
One of the greatest challenges businesses will face is how to strategize growing their companies without robust consumer data to bank on. While there is plenty of data to be collected from external markets — most notably, the U.S. — Canadian consumers may very well differ from their American counterparts. With legalization fast approaching, it’s difficult to predict consumer trends. Questions around demand and preference leave open how this industry will evolve once it goes commercial.
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International Insolvency & Restructuring Symposium Takes Over Milan |
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(l-r) Annerose Tashiro (Schultze & Braun GmbH; Achen, Germany), Ilana Volkov (Cole Schotz P.C.; Hackensack, N.J.) Ian G. Williams (RSM Restructuring; London, United Kingdom), James H.M. Sprayregen (Kirkland & Ellis LLP; Chicago, Ill.) and Ronald J. Silverman (Hogan Lovells US LLP; New York). |
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