Canada drug legalisation will open a new industry
Thursday, August 16, 2018
Cannabis legalisation in Canada.
International alcoholic drinks giant Constellation Brands yesterday announced a 4-billion-US-dollar investment in Toronto-listed Canopy Growth, which will give it a 38% stake in the leading Canadian cannabis grower. Canada is on track fully to legalise cannabis on October 17. Canopy says the funds will be used to develop its business in the nearly 30 countries pursuing legal medical cannabis and to prepare for future global recreational cannabis markets, notably in the United States.
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