There are a lot of reasons to be delighted that Trump has fired his do nothing Attorney General. From the Canadian cannabis sector’s perspective, Sessions was a major road block to federal legalization efforts. Given the size of the potential US market as well as the difficulties created by the federal law in terms of investment, reasearch and even cross border travel, federal legalization would be a huge plus for the Canadian cannabis industry.
Excellent, short, video about FSD Pharma’s cannabis grow facility in ex-Kraft Foods plant.
As the companies come up to the starting gate for the great Canadian recreational cannabis sweepstakes we are seeing huge interest in the sector. The investment of 5 billion dollars in Canopy Growth by Constellation Beverages re-ignited the marijuana stock market in Canada. All of a sudden, Canada’s world-wide lead in the creation and financing of cannabis businesses looked to have an international scope.
Here is another in my series of articles on the recreational marijuana industry in Canada. There is no doubt a lot of money to be made selling legal pot but the federal and provincial governments are not making it easy. The biggest hole in the regulatory scheme is the postponement of regulations dealing with edibles. In the US edibles have constituted up to 50% of the legal market. Companies have to adapt.