Wednesday, July 23rd21.5°C
21452
21739

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.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15363.34+48.21
S&P CDNX1011.550.67
DJIA17097.07-16.47
Nasdaq4473.882+17.866
S&P 5001988.10+4.57
CDN Dollar0.9317+0.0004
Gold1313.40+4.2001
Oil104.30-0.29
Lumber332.60+0.20
Natural Gas3.796+0.024

 
Okanagan Companies
Pacific Safety0.200.00
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.04
Cantex0.065+0.005
Anavex Life Sciences0.325-0.005
Metalex Ventures0.07+0.005
Russel Metals35.63+0.03
Copper Mountain Mining2.77-0.06
Colorado Resources0.22+0.005
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.19+0.01

 



22315

FEATURED Property
2017005527 Buckland Ave
2 bedrooms 1 baths
$399,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...


Euro debt woes re-emerge

Big Picture Euro debt woes re-emerge Europe’s debt woes jumped back into the headlines this week trumping other economic, geopolitical and corporate developments. Word that one of Portugal&rsquo...

_








Member of BC Press Council


22707