The recently elected Liberal government has made few tangible moves to realize Justin Trudeau’s plans to legalize marijuana, but the mere prospect of legal pot has investors and business owners springing up like, well… weeds.
Leigh Coulter, the president of greenhouse company GGS Structures says the legal marijuana market started heating up the moment Trudeau’s Liberals won last October’s election.
WATCH ABOVE: As Angie Seth reports, we may be a few years away from marijuana becoming legal in Canada, but that is not swaying investors who are already looking to buy in.
Aside from producers, there’s a growing race to get in on the ground floor distribution as well.“The day after the election, we had to field about 100 calls, so there certainly was a lot of excitement about [Trudeau’s] promise. Smart business investors are certainly spending a lot of time looking into this industry, so we continue to get regular calls.”
“We are already seeing some provincial players vying for participation, whether that is through liquor boards, through pharmacies, some kind of Beer Store-model … and of course private individual retail distribution,” said lawyer Hugo Alves, a leading advisor on existing medical marijuana law.Read Full Story Here