Corporate Feeding Frenzy Begins As Canada Prepares to Legalize Marijuana

by Th0rn – Canadian Prime Minister Justin Trudeau’s Liberals were recently elected in part on the promise to legalize marijuana — not just medical marijuana but marijuana for recreational use. As the day when they plan to introduce the relevant legislation draws near, both corporations and governments are smelling not just smoke in the air, but the sweet, sweet scent of huge amounts of money to be made: Canada’s biggest drugstore chain is exploring the possibility of getting into medical-marijuana sales in a move that would dramatically alter the landscape of the new industry, bringing one of the country’s best-known retailers into the business if the strategy went ahead. Shoppers Drug Mart Corp. has held multiple meetings and phone conversations with licensed medical-marijuana producers across Canada over the past year about carrying a variety of brands in their drugstores, according to people involved in those conversations. The chain, which has more...

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