Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: A look at Canada's Historic Legalization
Delta, Kelowna, BC - October 17, 2018 (Investorideas.com Newswire) https://www.investorideas.com/, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today's edition in its series, Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: A look at Canada's Historic Legalization
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Today's podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com Potcast - following Cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today is legalization day here in Canada and a historic event for the Cannabis industry which has been much celebrated by many a cannabis company this morning.
Not only is this a massive step forward in the social and political aspect of Cannabis but is a significant milestone for those Cannabis companies brave enough to be the first through the door. Looking back one year ago this day at some of the key Cannabis companies we can see how much has changed just even in stock prices.
Aurora (TSX: ACB) was trading at $2.77 and is now at $13.24,
Canopy Growth (TSX: WEED) was trading at $12.72 and now is at $62.80,
Aphrtia (TSX:APH) was trading at $6.86 and now is at $19.69
Namaste (CSE:N) was trading at $0.21 and now is at $2.44.
To quote The Honourable Jody Wilson-Raybould, Minister of Justice and Attorney General of Canada, "The implementation of this progressive public policy marks an important shift in our country's approach to cannabis. With a strictly regulated market for adults, we will help keep cannabis out of the hands of youth and profits out of the pockets of criminals. Along with new laws and regulations on cannabis, our Government has also implemented stronger laws on drug- and alcohol-impaired driving. I am very proud that Canada now has one of the toughest impaired driving regimes in the world."
With the coming into force of the Cannabis Act, there are key facts that Canadians need to know:
You must be of legal age (18 or 19 and older, depending on your province or territory) to legally buy, possess or use cannabis.
The Cannabis Act includes strict penalties for selling or providing cannabis to youth under the legal age.
Adults of legal age can possess up to 30 grams of dried legal cannabis or equivalent in non-dried form in public
Legal cannabis has an excise stamp appearing in different colors for each province and territory on product labels.
Under the Cannabis Act, access to cannabis for medical purposes will continue to be provided to those who are authorized by their healthcare practitioner
Today marks an important step forward for Cannabis but there is still quite a large way to go moving forward and here at Investorideas.com Potcasts we will continue to follow the cannabis investment sector as well as important cannabis news to keep you informed.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.
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