Canada's Marijuana Industry Will Grow Like the Craft Beer Business Did, Says Expert
The soon-to-come legalization of marijuana in Canada will mean new business opportunities for enterprising growers, distributors and investors across the country, and with the recommendations now in from the Task Force on Cannabis Legalization and Regulation, the provincial and federal governments are now left to figure out how best to promote and regulate the new market.
One of the key recommendation from the Task Force specifies that marijuana production should be based on a private enterprise model rather than see it fall under the auspices of a Crown Corporation, and further, that a small-scale business model should be encouraged so as to prevent “the development of monopolies and large conglomerates.”
This will put marijuana sales in a similar position as the craft beer industry in Canada, says one commentator in Nova Scotia, who sees the move as a potential boon for commerce in the province.
“If Nova Scotia...
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