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Hazy Beginnings

For Canada, cannabis may have been criminalized in 1923 but the push for legalization has increased significantly over the last decade. The contention has resulted in a considerable amount of media coverage and public debate. Between its prevalence in politics, pop culture and now physical shops, we have marijuana on the mind.

The focus here is medical marijuana and the insane amount of money flowing into this budding industry. During 2014, Vancouver and Toronto held Canada’s first medical marijuana conference, GreenRush Financial Conference whose objective is to “provide a platform to educate and facilitate both investors looking to capitalize on this new industry and companies seeking financing for their projects”. The Globe and Mail provided commentary on which companies to invest in and projected the revenue growth in Canada for medicinal marijuana to reach $1.4 billion by 2024. There have also been warnings, around the risk of investing...

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