Canadian regulators interfering with free marketplace
When the first announcement by the Canadian government Task Force on The Cannabis Legalization and Regulation that they had completed their Framework for the Legalization and Regulation of Cannais in Canada document in mid-November last year, publicly traded marijuana companies who were ACMPR licensed to grow and supply medical marijuana experienced a real and sustained market surge that was only stopped when the Investment Industry Regulatory Organization of Canada (IIROC) who oversees markets and trading, stepped in and halted trading.
It is unfortunate that such is the case, but in Canada, markets are not free to reflect demand, and irrational exuberance can be counted to be met with an intervention by the paternally minded forces that be who evidently feel themselves better suited to regulating investment sentiment than the free market forces.
It is likely for this reason, more than any other factor, that the international tidal wave of investment that should be, and most likely, would be pouring into the Canadian Cannabis sector now, is instead staying out of the market. Who wants the reward for risk taking limited by government interference?
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