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Home 🌿 Marijuana Politics 🌿 Justin Trudeau’s Canada victory is also a win for the nation’s marijuana industry 🌿Justin Trudeau’s Canada victory is also a win for the nation’s marijuana industry
Shares in all of Canada’s major listed cannabis companies surged on Tuesday, as the market reacted to Trudeau’s pledge to legalise recreational use
Among the biggest corporate winners from Justin Trudeau’s surprise victory in the Canadian election is the nation’s cannabis industry.
Shares in all of Canada’s major listed cannabis companies surged on Tuesday, as the market reacted to Trudeau’s pledge to legalise recreational cannabis use.
Canopy Growth Corp, the country’s biggest producer, saw its shares spike as high as 21% when the markets opened the morning after the Liberal’s victory party. Shares in the company, which owns medical marijuana brands Tweed and Bedrocan, had already risen by 29% in the past week.
Bruce Linton, chief executive of Canopy Growth, which claims to provide to 20% of Canada’s medical cannabis users, said: “I think what you’ll see perhaps, after this election … is a recognition that there is an opportunity...
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