WDDMF - Marijuana Sales To Start As Soon As August This Year
Back in January, we wrote in "What Could Trigger A Sell-Off?" that a delay in legalization by the Canadian government could trigger a selloff in the sector. Since then, the Senate has made progress in the legislative agenda and has agreed on a June 7 final vote date. We think the development is positive for the cannabis sector as it represents a step forward towards the final ratification required for cannabis sales to commence in Canada.
Companies have been investing heavily with the expectation that legalization will happen in the summer of 2018.