Trudeau Gets Green Light on Legalizing Pot With Retail Sales
- Task force makes more than 80 recommendations on weed market
- Value of marijuana stocks surging as legalization looms
Room for 'Craft' Pot Growers in Market: Canopy Growth
Canada got a green light to sell recreational marijuana through a range of retail outlets from an expert panel, whose report boosts the nascent cannabis industry as the country moves toward legalizing the drug.
The Task Force on Cannabis Legalization and Regulation issued a report that recommends the Canadian government regulate the production of marijuana while the provinces control distribution and retail sales, including through dedicated storefronts with well-trained staff and access with a direct to consumer mail-order system. The market should “encourage a diverse, competitive market that also includes small producers” and set tax rates that balance public health damages from drug use with the need to reduce criminal production of weed.