Inside the Walmart of weed
From rural Canada, Big Marijuana seeks to dominate global market
Saturday, November 23, 2019
With Canada the largest nation to completely legalize marijuana, the world’s most valuable pot company, Canopy Growth Corp., founded in 2013 and now worth about $6.4 billion, is one of the most controversial pot companies, the embodiment of Big Marijuana that critics contend uses size, market power, and lobbying prowess to accelerate the loosening of cannabis laws around the world and shoulder out competitors and smaller businesses. Already Big Alcohol, Big Tobacco, and Big Pharma have bought their way into Canopy and other marijuana companies. And, like those longstanding giants, the new cannabis corporations are spending millions of dollars lobbying for laws that let them sell large volumes of potentially addictive products.