Trudeau’s Victory Could Be A Major Boon To Canada’s Marijuana Industry

CANADA: Justin Trudeau’s historic Liberal victory could be a big win for Canadian’s medical marijuana industry as Trudeau’s previous pledge to “legalize and regulate” could increase a burgeoning sector of the country’s economy.

With the announcement of the new Liberal government late Monday evening, stocks for Canada’s top three medical marijuana producers increased sharply Tuesday.

Canopy Growth Corp. was up 11 per cent to $2.43, Aphria Inc. rose 5.3 per cent to $1 and Mettrum Health Corp. gained 7.6 per cent to $1.98, according to Bloomberg.

Canada Liberal Party Leader Says Legalize Marijuana

CANADA: Canada’s opposition Liberal Party head Justin Trudeau has called for the legalization of marijuana, putting himself and his party on a collision course with the ruling Conservatives ahead of 2015 elections. Trudeau’s stand also differentiates the Liberals from the New Democratic Party (NDP), which has been the progressive party on drug reform, but which only calls for decriminalization. [Read more…]