Canada Gets It Right on Cannabis, Wrong on Oil, GMP CEO Says
- Fricker says pot roll-out is ‘poster child’ for how to do it
- Pipeline gridlock means not much oil flowing to either coast
A cannabis enthusiast arrives at a celebration of the legalization of recreational marijuana in Toronto on Oct. 17, 2018.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
The roll-out of legal cannabis is a prime example of how Canada can get things right. Energy shows how the country sometimes gets it wrong.
That’s the view of GMP Capital Inc.’s Harris Fricker, who is seeing deal-making in marijuana and blockchain eclipsing the traditional industries of energy and mining that were once bread-and-butter businesses for the Toronto-based financial services firm.