The legal cannabis industry is budding before our eyes, and in just over two months, it’ll really take shape in our neighbor to the north.
Following the passage of the Cannabis Act by the House of Commons and the Senate in June, recreational marijuana is set to officially go on sale on Oct. 17. This legalization should result in billions of dollars flowing into the legal Canadian cannabis industry, and perhaps even validate investors’ belief that pot stocks are the next greatest thing since sliced bread.
Alternative pot products come into focus
But what’s often overlooked is that the marijuana industry is evolving. It’s about far more than just dried cannabis these days. In fact, recreational marijuana legalization examples in Colorado, Washington, and Oregon, have all shown that oversupply and commoditization wreak havoc on dried flower pricing. This means growers are having to look at cannabis