Aphria APH APHQF, a world leader in $60B/year market
"The Globe and Mail reports in its Friday, May 18, edition that Canada has a unique opportunity to position itself -- and federally licensed legal Canadian weed companies -- as world leaders in a global sector that is forecast to be worth $60-billion a year by 2028. The Globe's guest columnist Jeanette VanderMaril writes that one of the primary challenges is the inevitable urge to appease all the different industry players' interests in the initial sweep of legislation. If we want to assume that global leadership role, there is no room for continued grey areas in Canada's cannabis sector. Since cannabis was legalized in Colorado 2014, the state has spent much time re-regulating and trying to claw back the initial scope of the law including changes to packaging, zoning, contaminant testing and staff training. Canada needs to move toward cannabis legislation with foresight in envisioning the future. Canadians need a controlled and regulated industry to ensure we keep cannabis out of the illegal market and away from children. It is essential, for example, to be fully committed to eliminating the booming illegal market that does not adheres to federal government standards of quality and safety."