All it took was a little marijuana to lift this Canadian town’s spirits. Smiths Falls, Ontario is seeing a revival of fortunes since medical marijuana producer Tweed Inc. set up shop four years ago in an abandoned Hershey Co. chocolate factory.
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A former steel town in Pennsylvania has turned to medical marijuana for an economic boost, taking direction from a Canadian town that made a similar move.
Canopy Growth Corp. jumped to a record high, and other Canadian cannabis growers gained, after unveiling a line of marijuana products for the domestic market in a partnership with rapper Snoop Dogg.
On April 1, 2014, Canada handed its medical marijuana industry over to licensed commercial growers, ending its own involvement in production and eventually banning personal agriculture. The resulting “green rush” drove stock prices sky high. Health Canada is overwhelmed with grower’s license applications, and some patients wonder how they will be able to continue to get medicine.
With a rise in growing rights for licensed companies, the legal barriers regarding the cultivation and distribution of marijuana are slowly burning down.