Canada braces for cannabis gold rush
When Canada legalizes recreational pot Wednesday, market watchers predict the birth of a new industry -- creating thousands of jobs, investor euphoria, a new tax source for governments and maybe even tourism. Hundreds of licensed growers have sprouted in anticipation of the end of pot prohibition, attracting major investment. In just the past year, the market capitalization of firms including Canopy Growth and Tilray has increased fivefold, to a total of more than US$10 billion on the New York stock market. And with significant know-how ...
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