OrganiGram Holdings Inc (OGI)

[Goodbuddy4863]

Canada May Be Readying to Fully Legalize Marijuana:

http://www.fool.com/investing/2016/12/10/canada-may-be-readying-to-fully-legalize-marijuana.aspx

"Canada may be on the precipice of legalizing cannabis
Last week, the Task Force on Marijuana Legalization and Regulation in Canada announced that it had completed its five-month research project and plans to submit a report in both English and French to government regulators by mid-December. The report involved getting roughly 30,000 responses to an online questionnaire, meeting with the individual territorial and provincial governments, interviewing cannabis experts, visiting with patients already on medical cannabis, and even heading to Colorado and Washington to see how their recreational pot industries were being regulated. This report could very well determine if Canada becomes the second country worldwide (Uruguay being the first) to legalize marijuana.


The idea of regulating marijuana within a controlled marketplace would not only be a tax revenue generator for Canada, it would also be a substantial cost-saving maneuver. According to the Canadian federal government, the marijuana black market is estimated at $5.3 billion in annual sales, while regulating the black market costs $1.7 billion annually. Presumably, legalizing marijuana would stomp out a good portion of underground pot sales, and it would likely reduce the regulatory costs spent on enforcement.

Initial estimates from analysts suggest that there could be 3.8 million recreational weed users across Canada by 2021 demanding approximately 1.27 million pounds of product per year. All told, this would work out to a $4.5 billion legal industry by 2021. If approved in 2017 by Canada's federal government, sales of recreational marijuana would be expected to commence sometime in 2018.

Regardless of what Canada does as a whole, Ottawa, the capital city of Canada, has made its intentions known that it plans to present a recreational marijuana measure in the spring of 2017 with the intent of legalizing the drug."


Note:
Pay close attention to this Last paragraph above concerning Ottawa!