amsterdam (dft) - The legalization of cannabis cultivation in Canada Wednesday caused investors headaches on the first legal working day with stock market losses.
Advance expectations were high: the first major economy after Uruguay legalized cannabis. The Cannabis law Bill C-45 allows Canadians aged eighteen and older to carry thirty grams of cannabis, at home they can have up to four cannabis plants. Nearly one hundred producers are legally responsible thanks to a license from the Ministry of Health. Sales to minors would at the same time be severely punished.
Potentially a big market. But for 37 larger listed companies, the majority of the return after the opening of the stock exchange went up in smoke. The broad S \u0026 amp; P index for weed stocks headed for loss.