Canopy Growth: There’s a Downside to the LCBO Entering Marijuana Retail

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Canopy Growth Corp.: There’s a Downside to the LCBO Entering Marijuana Retail

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The Ontario government announced September 8 that the LCBO will oversee the retail sale of cannabis in Ontario through standalone stores and an e-commerce site.

The Ontario government’s approach to the impending legalization of cannabis by the federal government in July 2018 created quite the buzz with investors (no pun intended), sending marijuana stocks such as Canopy Growth Corp. (TSX:WEED) higher on the news.

It’s understandable why investors are excited about the move.

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