Medical marijuana investors should be cautious, securities regulators say
TORONTO - Canadian securities regulators are cautioning investors looking for a quick high to be cautious when investing in medical marijuana stocks.
The Canadian Securities Administrators says a significant number of companies have announced plans to begin growing and selling medical marijuana.
And in many cases the securities regulator says, just the announcement of those plans have driven share prices higher.
The CSA says investors need to be aware that companies cannot legally grow and sell medical marijuana without a licence from Health Canada and that takes significant time and cost to obtain.
New regulations regarding medical marijuana were enacted by the federal government April 1. The move opened production up to the commercial sector.
As of late last month, the department had received more than 850 applications from companies wanting to be medical marijuana suppliers.
Read more Business News
- Banished from community?Poll
- Weed oil fire burns twoKelowna
- Rose vows to end wasteMunicipal Elections 2014
- Judge: Banishment OKKamloops
|QHR Technologies Inc||1.11||+0.06|
|Anavex Life Sciences||0.19||-0.0015|
|Copper Mountain Mining||1.94||+0.09|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.45||+0.06|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...