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Over the past year, investors have been anxiously following the progression of marijuana stocks such as Canopy Growth Corp (TSX:WEED), which offer the promise of significant growth from the new, emerging segment of the economy.
Some pundits have equated the emerging cannabis market opportunity with what it must have been like to invest in liquor companies just before the end of prohibition.
That view was one of several that saw Canopy shoot up last year.
California Insurance Commissioner Dave Jones has been on a mission to ensure state-legal cannabis businesses have commercial insurance coverage and with his announcement of the first California cannabis surety bond program on Feb. 21, 2018, he continues to make progress.
More strife is on the horizon for Ohio’s troubled medical cannabis program. On Feb. 20, 2018, a group of unsuccessful medical cannabis applicants, led by Jimmy Gould of CannAscend Ohio LLC, filed a lawsuit challenging the state’s medical cannabis licensing process.
While the province of Newfoundland and Labrador has its key policies in place for recreational legalization and has secured a supply agreement with Canopy Growth Corporation (TSX:WEED) to provide cannabis for the province, it is now ready to hear from prospective cannabis retailers.
