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Home 🌿 Marijuana Business News 🌿 Legalization of edibles could increase the value of licensed marijuana producers, says M Partners 🌿Legalization of edibles could increase the value of licensed marijuana producers, says M Partners
The Supreme Court of Canada yesterday voted 7-0 that Canadians have the right to consume medical marijuana can be legally consumed in a range of ways.
The landmark Supreme Court ruling that says Canadians have the right to consume medical-marijuana in ways other than smoking could soon increase the value of currently licensed producers, says M Partners analyst Daniel Pearlstein.
In 2009, Owen Smith, the head baker for Victoria-based Cannabis Buyers Club of Canada was arrested when police found items such as dried marijuana and cannabis cookies on site. He was charged under sections 4(1) and 5(2) under the Controlled Drugs and Substances Act (CDSA).
Yesterday, in a 7-0 ruling, the Supreme Court acquitted Smith of trafficking charges, setting a precedent that Pearlstein thinks makes the introduction of edibles increasingly inevitable.
“The acceptance of edibles seems more of a “when, not if” and it is possible that LPs have already...
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