The legalized pot industry is quickly moving into the mainstream of Canada’s business and legal communities.
Driving growth is the new Marijuana for Medical Purposes Regulation (MMPR), which last year replaced the former home growing regime with a system that allows for the commercial production and distribution of marijuana by private companies licensed by Health Canada.
As of June 2015 the federal government had issued licenses to 25 producers. Meanwhile, almost 100 medical marijuana “dispensaries” have opened in Vancouver.
Many observers had predicted legalized marijuana would become a $1-billion industry. That number could be conservative. A June decision by the Supreme Court of Canada struck down a law that had said medical marijuana could only be consumed in dried, smokable forms. This opens the door for medical marijuana consumption in teas, cookies and oils.
– Read the entire article at Financial Post.