2 December 2016

Here’s the introduction to their report…

Canada’s task force on legalizing pot concluded its highly-anticipated report for the federal government Wednesday, but some marijuana producers believe pot-watchers need to chill expectations for legal recreational sales any time soon.

“It’s a long path to legalization,” said Brendan Kennedy, CEO of private equity firm Privateer Holdings, which has a global portfolio of marijuana-focused investments. He will outline his thoughts on the road ahead for legalized marijuana Thursday in a speech to the Economic Club of Canada.

Speculation that the Task Force on Marijuana Legalization and Regulation report will kickstart a multi-billion dollar legal recreational market is a major reason for a recent frenzy in pot stocks — which has led to massive volatility in share prices of Canada’s publicly-traded licensed producers.

Read the full report at http://business.financialpost.com/news/agriculture/long-path-to-legalization-marijuana-companies-not-convinced-of-legal-recreational-market-by-2018