Capital Pours Into Canada's Cannabis Industry
With Canada on the verge of legalizing recreational cannabis, more capital has entered the industry.
One the most significant developments in 2015 was Justin Trudeau’s and the Liberal Party’s success in the Canadian general election. The outcome was a huge victory for the cannabis industry and a catalyst for Canadian cannabis stocks. Justin Trudeau and the Liberal Party have said they will make marijuana legalization a priority.
In 2014, Canada created a Federal medical cannabis program called Marihuana for Medical Purposes Regulations (MMPR). The program has enabled the country to move from a system that allowed patients to buy from a single government‐approved grower or to either grow their own or purchase from non‐commercial growers, to one of multiple commercial providers.
Health Canada estimates that there are roughly 30,000-40,000 qualified patients in Canada.
Industry Leader Raises $11+ Million
The potential for legal recreational cannabis has helped stocks rally and...
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