The first quarter of 2019 was a good one for the cannabis market on all fronts – regulatory, business, and stock market performance.
It seems that all parts of the industry are finally working together to generate strong growth and big profits for investors.
Canada continued forward with its progressive regulatory scheme and took a step back after a botched bureaucratic execution of their plans.
Following the federal legalization of cannabis across Canada in October in 2018, the big news so far this year is the proposed edibles regulations. Canada has no edibles or vape pens legally available right now, though a robust black market for both kinds of products exists.
Canada aims to fix that and has issued proposed regulations.
Most of the regulations are quite reasonable, but some tweaks need to be made if Canada is to have a smooth market for edibles – and in particular, beverages.
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NICI Staff Reports
March 26 2019