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Recreational Cannabis Will Be Coming To Canada In 2018 - Mushroomstocks | Mushroomstocks
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Recreational Cannabis Will Be Coming To Canada In 2018

Mar 27, 2017 • 12:12 PM EDT
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3 MIN READ  •  By Michael Berger
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Canadian cannabis stocks have been under pressure over the last two months and today, the market may have received the catalyst it has so desperately needed…

Yesterday, CBC News reported that the Liberal government will announce legislation next month that will legalize marijuana in Canada by July 1, 2018. It may take a little longer to establish a legal retail market as the provinces will be drafting their own regulations and issuing licenses themselves.

CBC said it learned that the legislation will be announced during the week of April 10th and will broadly follow the recommendation of a federally appointed task force that was chaired by former liberal Justice Minister Anne McLellan. Per the CBC Report, Canada will limit the number of plants allowed to be grown at home to 4 plants per household.

The federal government will let provinces have the right to decide how the cannabis is distributed and sold. Provincial governments will also have the right to set price and age limits.

While Ottawa will set a minimum age of 18 to buy cannabis, provinces will have the option of setting a higher age limit.

A Change of Words

According to the CBC, Parliamentary Secretary to the Minister of Justice Bill Blair briefed the Liberal caucus on the roll-out plan and the legislation during caucus meetings this weekend.

This is a big change from early March when Blair said the Canadian government will take as much time as it needs to correctly implement a legal recreational cannabis program. Blair previously did not suggest a specific time frame because he said it could vary from province-to-province and territory-to-territory

10 Stocks to Watch

We are very favorable on this news and expect to see the market rally higher off this news. We want to highlight some of the stocks that investors should watch off this news: Cronos Group (MJN.V) (PRMCF), Emblem Corp (EMC.V) (EMMBF), OrganiGram (OGI.V) (OGRMF), Canopy Growth (WEED.TO) (TWMJF), Reliq Healthcare (RHT) (RQHTF), Future Farm Tech (FFT) (FFRMF), Aphria (APH.V) (APHQF), Aurora Cannabis (ACB.V) (ACBFF), Vinergy Resources (VIN.CN) (VNNYF), and Canabo Medical (CMM.V) (CAMDF).

 

Important Investor Disclosures 

Disclosure.  Compensated Affiliate.  This report was authored by and is property of Mushroomstocks.  All information and data relied upon in drafting this report is publicly available.  The author believes and considers its sources to be reliable, but does not guarantee the accuracy or completeness of any information contained in this report.  Any and all information, data, analyses and opinions are provided for informational purposes only and is not intended, in any manner, as investment advice.  Any projections or other information generated by Mushroomstocks regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results.  None of the material contained in this report is intended as a solution or offer to sell or purchase a specific stock or any other investment.  This report is not directed to, or intended for distribution or use by, any person or entity that is a citizen, resident or located in any municipality, state, country or other jurisdiction where the distribution, publication, availability, or use of this report is contrary to any governing law or regulation.  The securities discussed in this report may not be eligible for purchase and/or sale in certain jurisdictions or by particular individuals.  It is important that you check any and all governing laws and/or regulations that may be applicable in your jurisdiction.  Investing in securities of issuers organized outside of the United States, including ADRs, entail certain risks.  The securities of non-United States issuers may not be registered with, nor be subject to the reporting requirements of the United States Securities and Exchange Commission.  Please contact a Financial Advisor for professional advice regarding any and all securities investments.  This report is intended for informational purposes only.  Mushroomstocks’s officers, directors, employees, affiliates, or subsidiaries may have positions in securities covered by Mushroomstocks.  Mushroomstocks receives compensation from the company and/or has a position in the securities mentioned in this report

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Mushroomstocks.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

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