RE:RE:RE:RE:Could this happen in Canada???GiddeeeUp...
I'm sure if you want more shares there will be plenty available for you to buy tomorrow when the market opens up.
I would still like to hear your thoughts on Urugauy, assuming you have any. I posted the article because it relates directly to what Canada is trying to do. Urugauy was the first country to legalize Cannabis. Do you think the American Banks will treat Canada differently and if so, why? Maybe you don't grasp the issue, which is fair. But if you do, it would be great if you could explain why the Canadian industry has nothing to worry about.
It also ties into my post titled "
"TMX Group's Cannabis Woes Go Way Beyond CDS". Maybe after reading the article you can explain why Urugauy scenario has no meaningful imapct on what is happening in Canada with TMX and CDS. Your insight may be helpful to many people who read this board.
M GiddeeeUp wrote: Monti you sound quite worried, maybe you should sell your shares, I could always use more.
Monteviale wrote: Bella, with all due respect, the issue hasn't been solved. The Uruguay Gov't came up with a band-aid solution. To avoid the problems faced by pharmacies, Uruguay will set up shops to sell marijuana for cash. This is no solution at all and increases the risk of serious crime when shops are handling large amounts of cash.
Bella2017 wrote: I seriously doubt it would happen here.Issue has been solved...Uruguay government will open up dispenseries. https://www.thecannabist.co/2017/09/14/uruguay-marijuana-dispensaries-banks/88071/
Monteviale wrote: From the NY Times August 25, 2017 (for complete article click on link below).
- Uruguay became the first country in the world to fully leglaize marijuana.
- Pharmacies had a hard time keeping up with demand.
- Within the last four weeks American Banks, including Bank of America, said they would stop doing business with banks in Urugauy that provide services for those state controlled sales.
- Afraid of losing access to the American banking system, Uruguayan banks warned some of their pharmacies over the past couple of weeks that their accounts would be shut down.
- The threat of losing their bank accounts has led some of the roughly 15 pharmacies that initially signed up to participate in the new market to give up on marijuana sales.
Pot Was Flying Off the Shelves in Uruguay. Then U.S. Banks Weighed In.