Canada’s new marijuana laws set stage for growth

[Sir X]

Canada’s new marijuana laws set stage for growth
Stories You Might Like
10 things all-inclusive vacations won’t tell you
Wall Street week ahead: Home sales, Apple earnings
Stress-test your retirement portfolio
18 Comments


12
inShare

NEW
Watchlist Relevance
LEARN MORE
By Will Connors

Bloomberg
Marijuana buds and one hundred Canadian bank notes ($C100) are arranged for a photograph in Toronto, Ontario, Canada.
For 11 years, Brent Zettl and Prairie Plant Systems Inc. cornered the market for government-approved medical marijuana in Canada.

Now, after a change this month in Canada’s production and distribution laws made it legal for any licensed company to grow and ship medical marijuana to patients, and illegal for patients to grow their own, Zettl finds himself competing with a dozen new entrants in an industry that could be worth as much as $1.2 billion in a decade. Already, it is drawing investments from hedge funds and private-equity firms in the U.S. and Canada.

Unlike the U.S., where a patchwork of laws vary from state to state, Canada’s new pot laws are federally regulated and uniform, making it more palatable to institutional investors, who have already taken notice. While Colorado and Washington have gone further by legalizing recreational marijuana, the Canadian prime minister’s office has said it would not seek to decriminalize the drug.

http://www.marketwatch.com/story/can...wth-2014-04-17

[Sir X]

Marijuana Has Come A Long Way Since Last 4/20
The Huffington Post | by Matt Ferner and Nick Wing
Email
RSS

Posted: 04/20/2014 9:39 am EDT Updated: 04/20/2014 9:59 am EDT Print Article
Share
175
Tweet
89

Email
7
Comment
37
Share on Google+
MORE: Legal Weed Hemp Hemp Legalization Drug War Marijuana 420 Marijuana Prohibition Medical Marijuana War on Drugs Marijuana Recreational Marijuana
What a difference a year makes. From 4/20, 2013, to 4/20, 2014, marijuana has taken big steps out of the shadows of the black market and into the light of the mainstream -- from record high popular support and the first legal recreational sales, to an entire country legalizing marijuana.

Here’s a look at the last 12 months of marijuana milestones:

Colorado Sold Legal, Recreational Marijuana For The First Time

http://www.huffingtonpost.com/2014/0...n_5169420.html