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Money Why Tomorrow Is a Big Day for Cannabis Investors

20:05  06 june  2018
20:05  06 june  2018 Source:   fool.com

'Prince of Pot' pleads guilty in Montreal cannabis dispensaries case

  'Prince of Pot' pleads guilty in Montreal cannabis dispensaries case "The Mob is strong in this city," Marc Emery tweets a few hours before he is expected to plead guilty in a Montreal courtroom.Cannabis activist Marc Emery pleaded guilty Wednesday afternoon to charges filed against him, at the Montreal courthouse, in a case involving six pot dispensaries that opened briefly in the city more than a year ago.

Wealth Daily editor Jason Stutman explains why investors may want to consider 5G But he saved the juiciest research for you. It’s time to start letting cannabis profits and reefer royalties fill your retirement account Tomorrow Is the Big Day

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Pot legalization is coming full steam ahead and tomorrow we could see a big step in the process take place. The Senate is now ready to vote on Bill C-45, legislation that will legalize marijuana, sometime on Thursday. However, before investors get too excited, it should be noted that even if the bill does pass tomorrow, it’s still not quite done.

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Notley says Alberta will be ready for legal pot, whenever it actually occurs

  Notley says Alberta will be ready for legal pot, whenever it actually occurs Notley says Alberta will be ready for legal pot, whenever it actually occursDespite ongoing uncertainty over when cannabis will officially become legal, Premier Rachel Notley says the Alberta government will be ready to roll when it comes to regulating and selling legal weed.

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Because the Senate has made changes to the bill, it will have to go back to the House of Commons if the bill passes. More than 40 changes were made to the bill, and it could take a little time before all those modifications are signed off on. If there are disagreements between the House and the Senate, then we could see a bit more back and forth before the bill (inevitably) is passed.

However, if all goes well and the House has no objections, then it will officially become law. It’s expected that it could take another two to three months after that before provinces are ready for cannabis to be sold. While many cannabis hopefuls heard July 1 as being the date when pot was expected to be legalized, and it’s likely we could see the bill passed by then, customers won’t be able to buy pot until possibly August or even September depending on the individual provinces.

Social sharing of pot not consequence-free: Senate

  Social sharing of pot not consequence-free: Senate Social sharing of pot not consequence-free: SenateSenators voted 42-31 to approve an amendment to Bill C-45 that would make it a summary or ticketing offence for a young adult to share five grams or less of cannabis with a minor who is no more than two years younger; it would be an indictable offence to share with younger minors or to share more than five grams.

Has the black market for cannabis actually decreased? There are at least a couple of big reasons why investors shouldn?t expect the pot market to take off when legalization occurs. Tim Hortons to pilot all- day breakfast amid tensions with franchisees. The Canadian Press.

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Should investors be worried?

Ultimately, we knew this would be priority for the Liberal government, and it’s hard to imagine it not going through at this point. It would be shocking if the cannabis legislation somehow halted. Conservatives may try to come up whatever roadblocks possible to prevent the bill from passing, but it will only be a matter of time before it’s approved.

What does this mean for investors?

From an investor’s point of view, while getting all the approvals in place for marijuana to be legalized would be great, it’s also a bit of a formality. How much we might expected Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) to rise after the bill is passed is questionable, as the stock has already soared so much in the past year, and its high share price is no doubt based on the expectation that marijuana will probably be legalized this year.

That said, pot stocks are very sensitive to news, and this development could very well give share prices an increase, but I wouldn’t anticipate it’ll send the stocks soaring. The hype could potentially push stocks up 5% or perhaps as high as 10%, depending on how much of a frenzy we see in the market afterward.

Senate poised to vote on legalizing pot

  Senate poised to vote on legalizing pot Senate poised to vote on legalizing potBill C-45 appears likely to pass, despite the resolute opposition of the 32 Conservative senators and uneasiness among some independent senators.

Cannabis industry insiders tell AgFunderNews that the most confusing element of the events of the last nine days is that it’s all true, all at the same time. “Most dedicated cannabis investors have expected some sort of action.

Perhaps the biggest story of 2016 in the cannabis capital markets was the surge in prices and the amount of capital raised for the cannabis industry in Canada during the year. With two deals of mm each closed in December

Stocks like Canopy Growth and Aurora Cannabis Inc. (TSX:ACB) are trading at big premiums and so investors wanting to get in now will be paying a big price in order to do so. However, there could still be gains to be made in the market as the industry has been fueled by hype and expectations, which could rise further if the bill is successful.

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Fool contributor David Jagielski has no position in any of the stocks mentioned.

Pot legalization battle brewing as government rejects key Senate change .
The federal government is rejecting several Senate changes to its cannabis legalization bill, setting the stage for a possible showdown between the Senate and the House of Commons. The Senate has proposed 46 amendments to The Cannabis Act, and while the government is accepting some of them, it is passing on several major ones.According to the House's order paper, the changes the government plans to reject include:Affirming the provinces' right to ban home cultivation of marijuana. Banning branded promotional items such as T-shirts and hats that display logos of marijuana producers.

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