Re:Plunging loonie may be a blessing in disguise for Canadia...
by anonbanker on Thursday January 21, 2016 @08:46PM
(#10950177)
I'm seeing nothing but benefits from my startup[0] due to the low loonie. We've seen more customers since the drop. Legalization is happening (sooner than anyone believes), and, while the government is talking down the revenue, all estimates point to over 100 billion in sales.
However, I'd disagree about funding. All the American VC's I've talked to are hesitant to join in before the end of prohibition. And now that the VC's are starting to get burnt by the unicorns, they're pulling out of everything that isn't a sure thing. And we aren't a sure thing yet. We can make money hand-over-fist, but good luck getting investment capital before Trudeau rubber-stamps legalization.
However, I'd disagree about funding. All the American VC's I've talked to are hesitant to join in before the end of prohibition. And now that the VC's are starting to get burnt by the unicorns, they're pulling out of everything that isn't a sure thing. And we aren't a sure thing yet. We can make money hand-over-fist, but good luck getting investment capital before Trudeau rubber-stamps legalization.
0. http://medicalcannab.is