As Canada moves closer to introducing legal recreational cannabis, investors in marijuana begin to see the outlines of regulations within the provinces
With just months to go until recreational marijuana sales are scheduled to be legal across Canada (on Nov. 29 the House of Commons passed Bill C-45, which legalizes cannabis; now the Senate must pass the bill before it becomes law in July) regulators are beginning to shape how commercial cannabis will look in their provinces. While cannabis will be legal in every province, the rules surrounding cannabis will vary from province to province. As we march towards legalization, we all should play close attention to how regulations are firming up in the provinces. For investors in marijuana, the shape and scope of the provincial regulations will be paramount.