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Home 🌿 Marijuana Business News 🌿 Canada: with legalization on the horizon, pot entrepreneurs are keen to turn Canada into a marijuana leader 🌿Canada: with legalization on the horizon, pot entrepreneurs are keen to turn Canada into a marijuana leader
On Monday, Canada traded a leader who recently claimed that marijuana is “infinitely worse” than tobacco for one that has publicly announced intentions to legalize the drug for recreational use, a transition that has far-reaching implications for Canada’s pot entrepreneurs.
While legalization will not happen overnight, much did change for small-business owners in the medicinal-marijuana industry.
“Marijuana entrepreneurs are all smiling because the future will now, hopefully, be accelerated,” said Robert Josephson, president of WeedMD, a Toronto-based medicinal-marijuana grower whose facility in Aylmer, Ont., is waiting on final inspection from Health Canada. “The election results are only positive for the industry, and good for all the entrepreneurs toughing it out.”
Although it may take years before prime-minister-designate Justin Trudeau makes good on his promise to move forward on recreational marijuana in Canada, Monday night’s victory sent marijuana stockssurging, and paved the way for more research and...
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