When/If recreational use in Canada is passed, look for that $100 million to spawn huge growth momentum! Don't they have a retail outlet deal for Canada with MedMen if recreational use is passed? Check out this video, about 5 minutes in length.
If it can stay above the 5.50 range we should be ok but if it breaks below that it can tank much further. On legalization here is a good review or update. Won't be legalized and up and running now til late summer or even Oct now. From Gov Canada.
Q5. When will adult Canadians be able to legally purchase and consume cannabis? Bill C-45, the proposed Cannabis Act, is currently before the Senate for review. The Senate has committed that it will hold a third reading vote on Bill C-45 no later than June 7, 2018.
Additionally, the provinces and territories have advised that they need 8 to 12 weeks between when the Bill receives Royal Assent and when the new laws come into force to effect an orderly transition to the new framework. This transition time is important for all levels of government, industry, law enforcement and other stakeholders to prepare for implementation of the new system. https://www.canada.ca/en/services/health/campaigns/introduction-cannabis-act-questions-answers.html#a2
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