Creative Commons
Legal BC Bud a Cash Crop for Fruit Growers?
Eight companies have already applied to grow marijuana in Langley after a ruling by the Agricultural Land Commission; seven of those are in the ALR.
Over the past year liquor giant Constellation Brands sold its interests in the Canadian wine industry … and this year has invested heavily in the Canadian weed industry.
The alcohol multinational bought 9.9 per cent of Canopy Growth Corp., the largest of Canada’s medical marijuana companies, in a deal announced in October.
Fortunately for Constellation, it had a lot of money lying about after selling its Canadian wine business to a pension fund in Ontario.
Canopy’s shares, trading under the obvious ticker symbol ‘Weed’ surged 23 per cent in a single day.
The company is among several in Canada to see their shares rising as the federal government prepares for the legalization of medical marijuana.