Liberal Win Gives Boost To Canada Marijuana Industry – Yahoo News

The Latest on parade crash: Police say injured grows to 44 rose 5.3 per cent to Can$1 and Mettrum Health Corp. gained 6.0 percent to Can$1.95. “Trudeau’s vow to legalize and regulate marijuana… has set in motion the single most important catalyst for the marijuana space,” Dundee Capital Markets analyst Aaron Salz said in a Tuesday note to clients. At least one company is also looking beyond Canada’s borders hoping that G20 nations will adopt Canada’s regulatory framework for pot, creating new markets for their wares. Bruce Linton, who co-founded the firm Tweed, said he was betting on “significant growth” in the sector, as legitimate firms move into a space now dominated by black market growers and sellers, and offer buyers a large variety of pesticide-free strains. Linton’s company opened in a former chocolate factory an hour’s drive from Ottawa last year under a new government scheme that banned home cultivation in favor of large commercial greenhouses. It merged with Canopy and Bedrocan in the spring to form the largest commercial pot grower in Canada. The parent company changed its name to Canopy in September. Tweed was one of only six firms initially licensed by Health Canada to grow and sell fresh medical marijuana and cannabis oil to eligible persons. The number of licenses issued has since grown to 26.

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