Canadian CANNAINVESTOR Magazine November 2017 - Page 12

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Editor In Chief

Louis Kyron, CPA, CGA

Contributing Writers

Louis Kyron, CPA, CGA

Spiro Sertsis, CPA, CMA

Ryan Chua, JD/MBA

Ryan Hum

William Weady

Andrew Elbaz

Joseph Jamil

Alexandra (Sasha) Toten

Jason A. DeJean, CFP, PFP, EPC, CPCA

The Marijuana Index





Dear Subscribers,

It is hard not to remember what happened last November with respect to share prices in the industry. Can that happen again? Of course it can. The landscape however has changed because legislation is in place for the recreational adult market and each province and territory are planning how distribution will occur within their borders. When I was a guest on Pot Stock Radio in early July I said that Canada’s most populace province would be adopting a crown owned distribution monopoly I was quickly told by many just how of touch I was. Ontario of course is indeed proceeding with that exact model.

Regardless of what distribution model each jurisdiction adopts, the Ontario punitive measures are indeed a model to ensure only legally produced and supply product is sold through the legal distribution system. The punishment for illegal distribution includes hefty fines and imprisonment.