Canada Opens Floodgates For Marijuana Investments In The U.S.

CANADA:  It’s a thorny subject, no matter whom you talk to or whether it’s in the U.S. or abroad. The debate over legalizing marijuana — be it medical or recreational — has raged for decades, and has only just started to see the seeds of fruition stateside.

Now, however, Canada is weighing in on this controversial industry, by changing its production and distribution laws, making it legal for any licensed company to grow and ship medical marijuana to patients, and illegal for patients to grow their own. For their efforts, the country is seeing potential backers — both U.S. and Canadian — flocking to invest.

“It’s a much different time than it was a year ago,” Mark Gobuty, the chief executive of Peace Naturals Project Inc., told the Wall Street Journal. “Before, it was a reputational risk. Today they’re lining up.”

 

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