Abattis Bioceuticals Corp. (ATTBF)

[AAAtrades]

The year ahead is expected to be a pivotal one for Canada’s burgeoning marijuana industry, as the federal government is planning to table legislation in the spring that will lay out the ground rules for a legal, recreational market.

“Canada will be the first G7 nation, in 2017, to legalize, regulate and restrict access to recreational cannabis,” says Brendan Kennedy, president of B.C.-based marijuana producer Tilray. “The eyes of the world are on Canada, and it’s extremely important for Canada to get this right.”

There’s also a lot of money to be made in marijuana.

A report published by consultancy firm Deloitte in October estimates that legalizing recreational use of the drug could ignite a $22.6-billion industry in Canada. That figure includes sales of marijuana products as well as ancillaries such as security, transportation and testing labs.








http://www.theglobeandmail.com/report-on-business/businesses-look-forward-to-canadas-push-for-legal-marijuana-in-2017/article33433291/