After Canada legalizes marijuana, American CEO tells Trump to catch up in a hurry

A full-page advertisement in Tuesday's print edition of The Wall Street Journal sounded a siren of alarm to an audience of one.

"Dear Mr. President, We need your help!" the open letter to Failing Cheeto-Faced Ferret-Wearing Shit Gibbon began. "Canada is threatening to deprive American farmers, workers and businesses from the prosperity that rightly belongs within our borders."

That language could have applied to the U.S. and Canada's recent tug of war over the details of an updated trade pact. But CEO Derek Peterson, who authored the ad, was warning Trump of a different threat entirely: Canada's burgeoning pot market.

On Wednesday, Canada became the second country in the world to legalize marijuana, the fulfillment of a promise made by Prime Minister Justin Trudeau in 2015. But in the run-up to Oct. 17, Canadian cannabis companies have already struck multibillion-dollar partnerships and joined major U.S. stock indexes, while marijuana remains illegal at the federal level in the U.S.

Entrepreneurs like Peterson, whose company Terra Tech operates six stores in California and Nevada, say America must either catch up quick — or let its nascent cannabis market wither.

"If we wait two years, we're going to be way behind the eight ball here," he told CNBC in an interview.

eddie wrote:You know what I think about legal cannibis though? Will the big companies “water it down” in order to make a bigger profit?
I bet it will lose its strength and become like everything else that shops sell. Second rate. Like the apple.
Apples used to taste like apples now they taste like solid apple-flavoured water.

eddie wrote:You know what I think about legal cannibis though? Will the big companies “water it down” in order to make a bigger profit?
I bet it will lose its strength and become like everything else that shops sell. Second rate. Like the apple.
Apples used to taste like apples now they taste like solid apple-flavoured water.