Canadian Election Could Usher in Big Changes for Cannabis Industry
Canada’s medical cannabis industry could undergo a big shift if the controlling Conservative Party loses power in the upcoming fall election.
Some observers say a changing of the guard to either the Liberal Party of Canada or the New Democratic Party (NDP) would accelerate the industry’s growth, possibly pave the way for the entrance of tobacco and pharmacy companies, and cut red tape for licensed medical marijuana businesses.
The Liberal leader has promised to legalize and regulate cannabis if elected; the NDP leader would decriminalize it.
“We have the most anti-weed party in power right now,” Khurram Malik, an analyst