Writes Chris Sorenson: "It’s official: legalized recreational cannabis is coming to Canada. An already hot market for marijuana companies is set to explode—and a horde of start-ups now face the task of becoming grown-ups in a controversial industry on a short political leash."
Says Cam: “We’re in a twilight world here. Public company executives and board members need to have proper understanding of the space and treat their product as if it’s a pharma product, which means best practices and procedures to follow the law as it’s currently written.”
With the road to legalization poorly marked and strewn with hazards, it’s little surprise that some Bay Street lawyers are warning Canada’s marijuana start-ups to slow down and keep both hands firmly on the wheel. Notes Emily: "Companies - including public companies - need to consider if they have the right leadership in place, policies, advisers and other considerations to manage those risks and compliance with regulations."