Horizons Marijuana Life Sci Index ETF (HMMJ)

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Health Care/Cannabis Alert - Marijuana Legislation and Regulation Among Hot Topics as Federal Fin Min Bill Morneau Meets For Talks With Provincial Fin Mins in Ottawa; Press Briefing; and here is what he said:

1)Morneua Says Fin Mins Spoke About the "Principles We Are Trying To Get To Around Cannabis Taxation".
2)Need To Keep Tax Rate Low So As To Drive the "Criminal Element' Out of the Market.
3)Need To Co-Ordinate Efforts So Consistent in Way Industry Approached Across Canada.
4)Didn't Get To Revenue Estimates; But Adds Revenue Not the "Driving Goal", Keeping Criminals Out of System and Children Safe Are Goals.
5)Started Some Modelling on Tax Rates With View to Seeing "How Much of the Black Market Can We Get Rid Of"; What Level of Taxation Needed.
6)Didn't Get to a Conclusion on Tax Rates; Noted Some Provinces Not Ready Even on Principles As at Different Stages of Review.
7)Morneau Reiterates Goal of Fin Mins is To Take A Criminal Market and Make It Regulated and Controlled.
8)Note Production Costs are Low, So Taxation Rates Will Need To Be Low.
Distribution Will Need To Be Controlled To 9)Keep Cannabis From Children.
Today's Meeting was a "Starting Point" and Adds Fin Mins Have a Year To Get To a Conclusion.
10)Notes More Evidence Needed to Reach Conclusions, Hence Open Discussion With Fin Mins on Implications For Different Provinces.
11)Says Issue Around Taxation Will Be "Dynamic" as Market Changes; Adds Not Enough Actual Data Now To Conclude Estimates on Costs and Benefits.
12)Working Towards Goal of Having Conclusions Ahead of Planned July 2018 Legislation.
13)Says Fed Govt Assures Provinces It Will Be the Taxation and Distribution "Regime" Leader If They Are Not Able To Get There By July 2018.