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As feds unveil pot legalization plans, producers’ shares slip
Ottawa has released its plan to legalize marijuana, and the hit on big cannabis shares has been heavy. Concerns about how fast the government is moving to squeeze out illegal producers, a law-enforcement-heavy public announcement and a feeling that the government is stepping back from its plans for an industrial-scale market are leaving investors with questions.
Desautels Professor Ken Lester says that the government will “do this as carefully and cautiously as possible,” due to mounting concerns about massive marketing campaigns and children, as well as the possibility that some provinces might slow things up as they adjust to the new market.