In January, MRP noted the United States’ burgeoning crackdown on the fledgling cannabis industry with the rescindment of the Cole Memo, which effectively allowed states to legalize marijuana with little-to-no government interference. This reversal of policy, combined with a drive for full legalization of marijuana in Canada, has created a huge opportunity for America’s northern neighbor. Final legislative approval by the Canadian government is expected in a June 7 Senate vote, ahead of which many companies and even some banks have been preparing for a transformative change to the country’s economy . . .

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