‘We’re looking to make sure that there is a supply in place,’ said minister John Streicker.
“I don’t believe in the government sticking their hands in our lives all the time. I believe in letting the market dictate,” he told CBC Radio’s Ottawa Morning on Tuesday.
Canopy Growth Corp. says it has picked the location of its cannabis production facility in Newfoundland — but isn’t yet ready to reveal where.
“You’re leaving a lot of people in a place where they can legally grow this product, can legally carry this product, can legally purchase this product, but there’s not a lot of places for them to legally consume it,” said Dan Rowland, a consultant with Alberta-based 420 Advisory Management.
Canada fell to a surprise second place behind the United Kingdom in 2016 legal cannabis production, according to an International Narcotics Control Board report issued last week.
Brad Callihoo, CEO of the Fort McMurray #468 First Nation, said his band wants to diversify its business interests away from oil and gas development.
Among them are two American venture capitalists who decided cannabis is the next big thing. There is also the longtime CEO of a vitamin company, an investment banker who was in charge of business development at Toronto’s Mount Sinai Hospital, and a hockey dad who started out as an electrician.
A 2017 Macleans survey suggested that over a third of Canadian university students smoked pot at least sometimes, and five per cent several times a week or more.
A midsize U.S. company has bought majority stakes in two Canadian businesses to prepare for the medicinal-marijuana trade, marking the entry of the tobacco industry into legal pot here.