Canadian Cannabis Industry Awaits Key Cabinet Appointments Wednesday

Bruce Linton, co-founder, CEO and chairman of Tweed Inc. checks some of his medical marijuana plants at the Smith Falls facility Friday October 23, 2015. (Darren Brown/Ottawa Citizen)
Bruce Linton,  CEO of Canopy Growth, checks some of his medical marijuana plants at the Smith Falls facility on  10/23/15. (Darren Brown/Ottawa Citizen)

The Ottawa Citizen discusses some of the developing speculation regarding the potential for legalization of cannabis for recreational purposes in Canada, predicting that today’s medical marijuana suppliers are the most likely to be the beneficiaries of legalization.  The article includes comments by Bruce Linton of Canopy Growth, Chuck Rifici, its co-founder and now a Director at Aurora Cannabis, Sébastien St.-Louis of Hydropothecary, which is merging with Canadian Cannabis Corp and aims to be the “Coca-Cola of Canada”, and analyst Aaron Salz, who predicts 40% annualized growth in medical patients in the MMPR system.

Just how serious the Liberals’ pledge to put Canada in the vanguard of marijuana law reform is should become evident Wednesday when Trudeau unveils his cabinet. The key members on this file – aside from the prime minister himself – will be the ministers of health and justice.

Their briefing notes will be studded with insight from decades of study of marijuana use. But underlying everything is a simple reality: this industry and the policies that inform it appear to have acquired nearly unstoppable momentum.

Read James Bagnall’s “Why marijuana’s momentum seems unstoppable”: http://ottawacitizen.com/news/politics/why-marijuanas-momentum-seems-unstoppable

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Published by NCV Newswire
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