Cannabis stocks falling

Aphria Inc (C:APH)
Shares Issued 232,005,434
Last Close 8/13/2018 $9.64
Tuesday August 14 2018 - In the News

Also Canopy Growth Corp (C:WEED) In the News
Also Aurora Cannabis Inc (C:ACB) In the News
Also Newstrike Brands Ltd (C:HIP) In the News
Also Cronos Group Inc (C:CRON) In the News

The National Post reports in its Tuesday edition that Ontario is abandoning the previous Liberal plan for a government-owned monopoly on legalized marijuana sales. The Post's Geoff Zochodne writes that the provincial government's proposal for recreational cannabis aims for on-line sales by the province at first, but eventually to allow for the private sector to open bricks-and-mortar pot shops. Finance Minister Vic Fedeli said: "The Government of Ontario will not be in the business of running physical cannabis stores. Instead, we will work with private-sector businesses to build a safe, reliable retail system that will divert sales away from the illegal market." Monday's announcement follows the election of Premier Doug Ford and the Progressive Conservatives and reverses the plan of the previous Liberal government, which wanted to give the Liquor Control Board of Ontario a monopoly on the sale of recreational cannabis. Under the new approach, Canada's most populous province will still start selling cannabis on-line on the legalization date of Oct. 17, using a website run by the provincially owned Ontario Cannabis Store (OCS). The OCS will act as wholesaler and provide cannabis to the private-sector stores.

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