Pot stocks soar as legal weed seen surviving Trudeau tax

A cannabis plant is shown in southwest Quebec on Oct. 8, 2013. JUSTIN TANG/THE CANADIAN PRESS

A cannabis plant is shown in southwest Quebec on Oct. 8, 2013. JUSTIN TANG/THE CANADIAN PRESS

Part of the appeal of the legal variety will be its quality control, Mr. Linton says. “When it’s lawfully available from a reliable supply chain, which we know we can trust and believe in, there are a lot of people who might discontinue the use of say a glass of wine or a beer and try this.”

Canopy can also generate new formulations of medical marijuana to sell through pharmacies as legalization moves ahead, Linton said. Loblaw Cos., owner of the Shoppers Drug Mart pharmacy chain, said Wednesday its is engaging with the government to dispense marijuana from stores.

“There’s a lot of advantages for Canadian producers,” Mr. Zandberg said. Linton “pointed out some key points. I find there’s a lot of interesting aspects to this market that aren’t well known and he definitely highlighted a few that have caused a bit of excitement as well.”

Article source Globe & Mail