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Canada drug legalisation will open a new industry

Content type:
Expert Briefings
Location:
CANADA
Keywords associated with this article:
Geographic: Canada NA United States
Topical: politics consumer judicial legislation narcotics foreign policy foreign trade health investment
ISSN:
2633-304X
Citation:

Oxford Analytica (2018), "Canada drug legalisation will open a new industry", Expert Briefings.

https://doi.org/10.1108/OXAN-DB236863
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.

  • Legalising cannabis will also see businesses that produce cannabis-infused edible products expand.
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