The Economist explores the opportunity for Canada to legalize cannabis for adult use, extending upon its current medical cannabis program. It concludes:
The existence of companies like Tweed, which obtained a stockmarket listing in 2014—long before Mr Trudeau, a tattooed former snowboarding instructor, looked likely to become prime minister—suggests that Canada’s transition from remedial to recreational pot will be smooth. It probably won’t be. “It’s going to be a lot harder to implement than you think,” said Lewis Koski, until recently the director of marijuana enforcement in Colorado, to a Canadian news agency. Colorado is one of four American states to have legalised the drug. Canada, likely to be the first large country to take that step, faces bigger obstacles.
The main issue is reconciling the large number of “compassion clubs” that operate in a grey zone. Additionally, the MMAR lawsuit which has postponed the termination of the prior program that allows patients to grow at home (or receive from non-commercial grower), remains unresolved.
Read “Justin Trudeau and the cannabis factory”: http://www.economist.com/news/americas/21684186-converting-medical-marijuana-industry-recreational-one-will-not-be-easy-justin-trudeau
Get ahead of the crowd by signing up for 420 Investor, the largest & most comprehensive premium subscription service for cannabis traders and investors since 2013.