Canadian Marijuana Legalization Appears to Be on Fast Track, Says Clarus
Clarus Securities analyst Noel Atkinson says comments yesterday from Canada’s Minister of Public Safety Ralph Goodale are a sign that marijuana legalization is closer to becoming a reality than previously thought, a development he thinks is very good news for Licensed Producers (LPs).
In a research update to clients this morning, Atkinson notes that in an interview with the CBC’s “On The Coast” host Stephen Quinn, Goodale said the government was moving forward with is goal of legalizing recreational marijuana in Canada and that a legalization task force of representatives from the federal, provincial and municipal governments would soon be appointed.
“The preset regime with respect to marijuana has obviously failed and failed miserably because Canadian teenagers are among the heaviest users of marijuana in the Western Word, yet there has been no timeline set by the federal government,” Goodale told Quinn. “Municipalities and provinces want to be involved in how this is structured and...
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