Canadian Marijuana Stocks Leap On Trudeau Victory
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Canadian Marijuana Stocks Leap On Trudeau Victory
Posted by CN Staff on October 21, 2015 at 05:32:46 PT
By Daniel Tencer, Huffington Post Canada 
Source: Huffington Post
Canada -- Incoming Prime Minister Justin Trudeau’s vow to start legalizing marijuana “right away” hasn’t gone unnoticed by the markets. Canadian marijuana stocks leaped Tuesday morning after Trudeau’s decisive victory over Stephen Harper’s Conservatives.Shares in medical marijuana company Aphria were up 6.26 per cent as of mid-day Tuesday, to $1 per share, while shares in Canopy Growth -- until recently known as Tweed Inc. -- were up 5.82 per cent, to $1.78.
Publicly-traded marijuana companies are a new phenomenon in Canada, the result of a change in Health Canada’s court-mandated medical marijuana program. Starting in 2014, Health Canada began licensing private companies to produce pot for Canada’s medical marijuana users.Some of those companies have gone public since then, but uncertainty over the fate of the medical marijuana industry means they remain “penny stocks” for the moment.Medical marijuana growers are hoping that a Liberal government will mean reforms to the system. Health Canada has been criticized for running a costly approval process that has licensed few companies since the program’s launch last year.“The Canadian marijuana space could be set for another revolution following the Liberal Party victory,” Dundee Capital Markets analyst Aaron Salz said, as quoted at the Globe and Mail.He said Trudeau’s vow to legalize and regulate marijuana “the right way” could spur Canada’s fledgling industry forward.Legalization and regulation of marijuana would significantly increase the markets available to licensed marijuana growers. There are currently fewer than 40,000 licensed medical marijuana users in Canada, but estimates suggest there are some 2.3 million Canadians who smoke marijuana.There are no reliable estimates for what a legalized marijuana industry could be worth to Canada’s economy, and the Liberal Party’s plan does not assume any marijuana revenue as part of its budget projections.But a back-of-the-envelope calculation, based on weed revenue in Colorado, suggests Canada’s government could collect $411 million a year in taxes from marijuana. That’s assuming similar weed consumption rates, and assuming Colorado’s relatively low taxes.One estimate from ArcView Group last year said the U.S.'s legal marijuana industry is set to skyrocket, from $1.8 billion in wholesale and retail trade in 2013 to $10.2 billion by 2018.Retail marijuana is now legal in five U.S. jurisdictions — Alaska, Colorado, Oregon, Washington State and Washington, D.C. Possession has been at least partly decriminalized in 15 other states.Source: Huffington Post (NY)Author: Daniel Tencer, Huffington Post Canada 	Published: October 20, 2015Copyright: 2015, LLC Contact: scoop huffingtonpost.comWebsite: -- Cannabis Archives 
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Comment #7 posted by Hope on October 23, 2015 at 17:00:11 PT
Thank you, Afterburner.
That is less than two weeks from now! Great! They need to get after it.Thank you.
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Comment #6 posted by FoM on October 23, 2015 at 15:41:52 PT
I am so happy for you and happy to once again be able to call Canada the Great Wise North!
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Comment #5 posted by afterburner on October 23, 2015 at 10:35:09 PT
Oct.20,2015 was the best day in ten years in Canada as election results were finalized. Soon, compassion will rule again. BTW Hope, Justin Trudeau will be sworn in as Prime Minister on Nov.4,2015.
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Comment #4 posted by Hope on October 22, 2015 at 16:45:56 PT
Thank you, Observer.
I didn't know what it was and didn't find anything on search. I did with Bulgarian though.
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Comment #3 posted by observer on October 22, 2015 at 15:43:13 PT
correction, wrong "Treatment"
When I wrote,
the "Romanian Treatment" 
I was wrong, I should have said, 
the "Bulgarian Treatment"
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Comment #2 posted by Vincent on October 22, 2015 at 08:50:23 PT:
I am forced to agree with the post by "Observer" -- these so-called "limited government" conservatives, and their "fellow travelers", the bible-bangers (with no brains) STILL believe that they are the majority! When will they wake up, and smell the reefer? Nobody believes their lies anymore, so they don't get to call the shots. That's why they have a campaign of playing the "victim". These people thrive on power, and control...particularly since control is so very important to them! When they're not giving orders, they act as though they are victims.Harper was a bible-thumping ANIMAL who kept Canada in the dark ages for years, and now, since he is not giving orders anymore, he has consigned himself to victimhood. Good, that's where he, and the rest of the "Jerry-Falwells" of the world, belong!
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Comment #1 posted by observer on October 21, 2015 at 23:10:58 PT
Harper Made Marijuana his Main Thing
Harper had already lost the hearts and minds of the majority of Canada, but was pinning his party's strategic hopes on splitting the anti-fascist vote between the Liberals and the NDP. Harper got into office by hook or crook in the first place (mostly crook). His police buddies tipped the election for him by nosily opening an investigation into the Liberals two weeks before the 2006 election. Harper's second election was marked by fraud, where several government oh-so-private databases were evidently combined and mined (census, tax, etc.) to produce a list of phone numbers and names of voters who were not likely to vote Conservative. This highly illegal database was handed to a foreign political dirty-tricks auto-phone-dialer machine bank, which then proceeded to "direct" opposition voters to the wrong voting site, the wrong day, etc. There was also speculation that the late NDP leader Jack Layton got the "Romanian Treatment" when he developed a sudden, fast-growing cancer, taking him out of Harper's way. This time around, Harper and his neocon advisers, viziers, satraps, gauleiters, spin doctors, handlers, masters, and so on, decided on a strategy of attempting to smear Trudeau for ... his desire to legalize pot. It might have worked, had the NDP and Liberals split the anti-fascist vote once more. Harper, interestingly enough, didn't push his anti-pot propaganda so much in the English language, but instead the fascists (that is to say, the neocon Harper "Conservatives") ran ads heavily in Asian languages like Urdu, Mandarin, Hindi, and Cantonese, lambasting the Trudeau Liberals for wanting to poison the children, with his intent to legalize cannabis for adults. It wasn't enough. The police-stater's scapegoating and cannabis-focused drug-hate didn't work. It backfired. Keeping pot illegal was the centerpiece of the Conservative's campaign, and it failed.  Interesting days ahead as an important psychological barrier is shattered: the sitting head of state of a western country was elected in spite of, or rather because of, his policy on legalized cannabis.
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