Canada launches $1.3B medical marijuana market

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Monday, September 30, 2013

Globe and Mail: Canada is launching a $1.3 billion free market in medical marijuana, that will cater to an expected 450,000 Canadians.

Health Canada is phasing out an older system on Monday that mostly relied on small-scale, homegrown medical marijuana of varying quality, often diverted illegally to the black market.

In its place, large indoor marijuana farms certified by the RCMP and health inspectors will produce, package and distribute a range of standardized weed, all of it sold for whatever price the market will bear. The first sales are expected in the next few weeks, delivered directly by secure courier.

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