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Message: BLOOMBERG ..........Reading for the WEEKEND

 

 

 

 

 

              

 

 

 

 

Growing demand emerging for pot tourism
With Canada becoming one of the only countries in the world that will sell recreational cannabis, it should come as no surprise that tourism players are already making big plans for pot. Some tour operators are planning a suite of cannabis-friendly experiences for curious tourists such as a dispensary tour, a grow-your-own-pot class and “ganja yoga”, BNN Bloomberg’s Jeanie Tran reports. The potential tourism market is huge with cannabis estimated to eventually generate as much as $2 billion in value. 

 

Intact to stay away from pot sector - for now
Intact Financial Corp., Canada’s largest property and casualty insurer, isn’t looking to get involved with cannabis anytime soon. Louis Marcotte, the insurer’s chief financial officer, told Bloomberg News’ Doug Alexander and Natalie Wong that the company is remaining cautious on every front with legal pot right now. Intact may look to support the medical marijuana sector, a space that other insurers such as Manulife Financial Corp. are launching programs for. 

 

 

 

Canopy to study how medical pot impacts long-term care residents

A subsidiary of Canopy Growth Corp. announced Wednesday that it will launch a pilot study to investigate how medical marijuana can be used as a substitute for pain and cognitive function for residents in long term care homes. The six-month pilot study – touted as one of the world's first and largest medical cannabis pilot programs in the long-term care space – will use cannabis exclusively from Canopy’s Spectrum Cannabis brand and register as many as 500 patients over the course of the program. 

 

 

 

You still can't carry weed when flying out of the country

Flying out of Canada any time soon? Leave the pot at home, says Marc Garneau, Canada’s transport minister. Despite how legal marijuana is on the horizon, the rules haven’t changed on taking pot across the border, according to a report from The Canadian Press. The same is true no matter which country you travel to, even if both countries sell legal pot. However, if you’re on a domestic flight, you’ll be allowed to carry up to 30 grams of dried cannabis while travelling.

 

 

 

DAILY BUZZ

 

 

 


“It’s been reminiscent of the dot-com days.”
– Greg Taylor, portfolio manager at Purpose Investments,
on the
risks on shorting cannabis stocks


 

 

 

 

 

 

 

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