Bad News for Canadian Marijuana Stocks: Say Hello to Your New Competition

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Bad News for Canadian Marijuana Stocks: Say Hello to Your New Competition

Flickr / Investment Zen / CC BY 2.0

Well, we have news for Canadian marijuana stocks investors: There’s a new threat on the horizon, at least for our neighbors to the north.

In May, Health Canada, the regulatory agency that seeks to protect the medical welfare of Canada’s citizens, announced that it was making a number of changes to the country’s medical marijuana program. Some of these changes included eliminating the red tape associated with gaining licensing approval for production.

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