After initial ‘bubble’ in cannabis stocks, analyst expects about a half dozen companies to survive, thrive.
As the one-year anniversary of the legalization of recreational cannabis approaches, an industry expert says the Prairie provinces are outpacing larger players Ontario and Quebec in the Canadian market with a smoother rollout and stronger sales.
“Manitoba and Saskatchewan are making Ontario and Quebec look very bad,” said Chris Damas, editor of BCMI Cannabis Report, a newsletter for cannabis investors in Canada and the U.S.
In the two largest provinces, Damas said poor regulatory frameworks and slow-to-open stores meant the industry underperformed in its first year. He praised the framework in Alberta, Manitoba and Saskatchewan for allowing private retailers to sell product and opening the door to e-commerce.
Judges cites ‘dearth of precedent’ in coming up with 10-month sentence.
A Winnipeg man has been sentenced to 10 months in jail after he was found with 85 grams of cannabis last year, a month after the drug was legalized in Canada.
Rodney Clayton Felix, 31, pleaded guilty Tuesday to possession of cannabis for the purpose of distributing under the federal Cannabis Act.
Felix was found with 85 grams of the drug while in Portage Place mall in November 2018, after security was called because he broke a speaker at an electronics store when he was 15 cents short on a bill for $10.15.
