Canadians Can Now Grow Medical Marijuana at Home, Starting August 24th
The federal government said Thursday that it will allow medical marijuana patients to grow their own pot, a move viewed as a band-aid solution before broader legislation is introduced next year.
The decision creates uncertainty for Canada’s licensed medical marijuana producers, who are currently the only legal source of medical pot. However, it is not viewed as a game-changer for them, and some even see it as a business opportunity. Most stock prices in the pot sector declined on Thursday, but only modestly.
Health Canada announced that beginning Aug. 24, patients will be allowed to produce a “limited amount” of cannabis for their own purposes, or designate someone to grow it for them.
It is highly unlikely that Ottawa wanted to go down this path, as it will make the sector much tougher to regulate. However, it had no choice. In February, a federal court ruled that the current...
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